BITCOIN SHORT when in 8000-9000usd range! ABC-Corrective wave!
First of all, shorting bitcoin is really risky! I'm gonna do it, but in the past I have been wrong a couple of times. But I'm really confinced it will go down this time. I did post an earlier post about the elliot-wave and the corrective abc-wave. But it did go to fast in time. This time I toke the fibonacci time zone to make a realistic prediction about how the bitcoin will go down in the upcomming 2 months.
I don't want to type to much here, the chart speaks for itself. I post when I open the short.
I don't want to type to much here, the chart speaks for itself. I post when I open the short.
Comment:
It could be a nice double top. I will go short, when I have confirmation of bearish trend. I want the Bitcoin below 7500 again, before i'm opening a short position.
Comment:
When BTC drops below the 7600 usd I open my short position!
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Comment:
Head-shoulder on the 5 and 15-min chart. But before we make a short we want confirmation of the price drop below the 8000usd.
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I woke up in the midnight! And the bit short is happening!
Trade active
Comment:
Ok.. This was obvious a beartrap.
But I won't close my short position. I really beleve this will trigger a bearish trend for the whole cryptomarket!
And I will tell u why. Please tell me if I say something wrong below.
First crash:
-20 june the total marketcap of cryptocurrancies was 115 million.
-16 july the total marketcap of cryptocurrancies 67 million
Trigger: The first bitcoin fork?
Second crash:
-1 september the total marketcap of cryptocurrancies was 174 million.
-15 september the total marketcap of cryptocurrancies was 109 million.
Trigger: China Ban?
The last and upcomming crash:
First mini crash past weeks of the bitcoin, reason the bitcoincash, but no momevement of the total marketcap in cryptocurrancies. It should be time for a correction of the total market! There is a huge change. I really think the Tether usd hack could trigger a crash.
If someone knows a way to get the total marketcap of cryptocurrancies in tradingview please pm me. Don't know if its possible?
But I won't close my short position. I really beleve this will trigger a bearish trend for the whole cryptomarket!
And I will tell u why. Please tell me if I say something wrong below.
First crash:
-20 june the total marketcap of cryptocurrancies was 115 million.
-16 july the total marketcap of cryptocurrancies 67 million
Trigger: The first bitcoin fork?
Second crash:
-1 september the total marketcap of cryptocurrancies was 174 million.
-15 september the total marketcap of cryptocurrancies was 109 million.
Trigger: China Ban?
The last and upcomming crash:
First mini crash past weeks of the bitcoin, reason the bitcoincash, but no momevement of the total marketcap in cryptocurrancies. It should be time for a correction of the total market! There is a huge change. I really think the Tether usd hack could trigger a crash.
If someone knows a way to get the total marketcap of cryptocurrancies in tradingview please pm me. Don't know if its possible?
Comment:
Some statistics of the whole cryptocurrancy market:
- First crash retracement of 42%.
- Second crash retracement of 38%.
- Current possible crash, something about 35%.
- First crash retracement of 42%.
- Second crash retracement of 38%.
- Current possible crash, something about 35%.