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LiamsAnalysis
Aug 5, 2019 12:35 PM

Bitcoin Descending Trend to be met at 12100 Flash dump imminent? 

Bitcoin / United States DollarCoinbase

Description

Flash dump imminent to 10-11k region?

Comment

Looks like this has plaid out near perfect rejecting at roughly 12200, will we see further downside or will we project past 13k. Either way profit has been secured we will wait on the sidelines for now
Comments
bennywayhard92
we have max 4 days till we peak again, every 44 days we peek so im sure it wont be for long !!!
LiamsAnalysis
@bennywayhard92, Interesting outlook, I will admit I'm long term bullish, but this extension does appear to be setting the scene for a solid retracement
Bullandbeartrading
Powerful trendlines!
LiamsAnalysis
@Bullandbeartrading, looks like the descending has truly shown it’s strength!
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