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kcabral

BTC - Bear trap, a slight retrace, then flash crash to 10k

Short
Bitcoin (BITSTAMP:BTCUSD)  
kcabral Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Fibonacci Trend Lines BTCUSD flashcrash
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supportandresistance fibonacci trendline btcusd flashcrash
I had a look at similar chart patterns at different scales, including gold during it's peak last decade. This pattern resembles gold where in this overall move, it will dive quickly below yesterdays support, trap some bulls. Then it will bounce half way from it's move in the last few hours and then flash crash into the 10,000's.
Comment:
I was a few days early in the flash crash call but not bad. We're getting close to support. Then we'll see what happens after that.
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