philipvdlinde
Short

Possible bitcoin downmove. MM buy model. target 240$

OKCOIN:BTCUSD3M   Bitcoin / Dollar Forward 3 Months
448 1 6
It's just a possiblity but judging from higher timeframes, it definitely seems like the move has lost some momentum when it hit the daily MB             . This chart is made to describe a potential downtrend in detail. A further uptrend is still possible.

link to chart describing further uptrend:
bitcoin ultra longterm projection
Comment: DAILY MB can't be seen very clearly so here's a screenshot of where it originates from :)
snapshot
Call is no longer valid as it's testing old highs. Which is not something you'd expect when a top is made.
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