Update BTCUSD: still down targeting fibo 1.27-1.618

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello traders,

We are now following the channel to short BTC .
We had a long trade trying to trace a retracement a little earlier and stop loss hit.
BTC has a signal of stop dropping at fibo 0.786. Also a potential CYPHER , as chart shows, could send it back to 10k round, and could touch the channel again.
Meaning that red zone could be a good entry to short BTC again.

Less is more!
Mar 20
Mar 20
Comment: There are some bearish sign here.
If BTC cant breakthrough this resistance,
will see a retest of 7K first.
Mar 20
Comment: BTC is still moving up slowly and broke the small red resistance zone .
Mar 22
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When BTC 50 000 $ she will insist on 3000 anyway.
+3 Reply
@DashV, LOL
+2 Reply
still waiting for your $3k btc? lol
@kesmoments, LOL. Its not something happen in 1 minute.
+8 Reply
kesmoments FUNTRADER-Vera
@FUNTRADER-Vera, hey I think you are pretty but I am not sure if it can go down that far =)
+1 Reply
How much do you lose per year on average? You don't realize this rally is the longest in months without a 618 retrace? Instead you say we have to break this resistance or else 7k. I'll keep taking your money. Thanks.
+1 Reply
JonathanNg44 SalientQuips
@JeffSwanson, you sound like you've never made any money in the markets, with that ignorant attitude, you will never either, we'll just keep taking your money, thanks.
+7 Reply
Not gonna drop that far...

@FUNTRADER-Vera - I agree with some of this. You need to explain the fib sequences. It won't go to a 1.27 fib... no way. That will utterly crush the market. You have institutional money as well at the 78.6 Fib level which is 7.1k. I don't think it goes past 6.8k just because of how much money people are waiting for on the drop.
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