Pintrex

Still Holding True

Short
BITMEX:XBT   Bitcoin
Expect wicks to 7.450-7.550 at most before we continue our decent to 7k and then 6.6 thereafter. The projected lines in this TA have not changed and you can see we are following the exact pattern laid out and predicted before. As stated the blue line was the most likely scenario and then the green was the least likely. Bitmex will have to clear out some of the longs so expect the next drop to be very significant and we may even see as low as 6.2 before we consolidate around 6.6.

If we wick up to 7.5ish just add to your shorts and solidify your positions with a good entry average.

Good luck and god's speed troopers ;)
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