TheTrex
Short

Bitcoin (BTCUSDT) - Time Levels and Fibs

POLONIEX:BTCUSDT   Bitcoin / Tether USD
If we don't make new ATH this chart should stay valid. The time levels will stay relevant nonetheless.
Comment: Great short is comming! H&S could play out. Short 5800-5900 if we reach that, stoploss 6000, target 4800. Risk/Reward 5.24x or +17.23%!
Comment: Head and shoulders looks like its been invalidated
Comment: We hit the timelevel fib!!!! This is the top.
Comment: Broke out of channel and hit my stop.
trorlorlrorlo bitcoin fuck you hard :D
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TheTrex El_Majkelo
@El_Majkelo, For that reason we have stoplosses ;) Shorting higher up is no problem for me.
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El_Majkelo TheTrex
@TheTrex, know I'm understood full lesson forgive Sir , will be better

good one keep doing
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"Comment: We hit the timelevel fib!!!! This is the top. "- I pray that it was so
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No chance - were going to 7k
+2 Reply
Ahah this basically would mean that bitcoins gets banned...
I wonder if the central authorities are up to something :D
+1 Reply
Trex even if we hit new ATH, do you still think that a 6months/1+ year bear market is coming?
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sifeij AndrewBIT1
@AndrewBIT1, no way, I just help 3 of my friend sign up coinbase this month...they are slowly transferring money and getting ready to buy the dips. I will imagine more like them...waiting to get in. Bitcoin making 5K was a big deal, it tells people to get in, more so with time progress to next year. The longest would be 2 month retrace from the ATH and making a new one in my opinion.
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Thanks for the chart. Are the red and green boxes drawn on or an indicator?
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