BTC_Dreamer

Bull Pennant in BTC Shorts

BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
This bull pennant in BTC shorts is making me very uneasy about the imminent moon mission everyone is predicting....thoughts?

Comments

I see your thinking here. There are sharks in the waters waiting for an opportunity to liquidate all the new longs...we shall see how this plays out.
+1 Reply
Who will pay for the moon run? The hype has gone and there will be never much money coming in as 2017. So who will pay for the margin of those longs, the existing banker or new money who never heard of btc? I can't see any bull signs except price manipulation. So keep calm and all in shorts.
+3 Reply
simulacra1990 renning22
+1 Reply
tenderjohn renning22
@renning22, You. You will pay it.
Reply
renning22 tenderjohn
@tenderjohn, sounds true, already paid a lot, lol. but everyone is turning bullish now.
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Eek! But according to TradeDevil, we could pull back all the way to 6150 and still be in the bull run.
+1 Reply
@Matty_ICE, that's true, but if this pennant plays out, I think it'll be lower than 6150.
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I was thinking we were going to get to 6,700 6,800ish, retract, then make our way down the kitty's ear towards 8,500.
+1 Reply
BTC_Dreamer gradysibert
@gradysibert, I think the kitty ear may still have room to extend further to 5k region.
Reply
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