EylemCulculoglu
Short

BTC bull trend is over according to Tom Demark Count

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Tom Demark count gave a green 9 on both daily and weekly charts. This is a clear trend reversal signal. I expect 2-3 days sideways then the bear trend will start.
There is a huge support at 9997 (Fibonacci 0.5). I expect that area will hold. If it does not hold, next major support is at: 8000.

I do not think we will touch below 9997 because of the mass media factor. Bitcoin             is getting popular in the whole world and lots of small investors are getting on board.

I personally do not short Bitcoin             and I wait for good entry points for long. 10200 will be a real good entry point for long.

Here is my idea for shorters:

Short at: 11818
Take profit at: 10200
Stop loss: 12600


Wow you've just got you 10200 USD last night great prediction this was an epic retracement. What are your thoughts for the next few days ?
+2 Reply
@hyipster, I would not long BTC at this point.. Bull trend is over.. We can have 2-3 days sideways.. then bear trend will start.
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jonnylocks EylemCulculoglu
@EylemCulculoglu, lol what about the CME catalyst man? Why wouldn't have have an effect?!?
Reply
@jonnylocks, Market already bought the CME news.
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jonnylocks hyipster
@hyipster, He wrote this after it hit 10200!!
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@jonnylocks, You better get your facts straight. I wrote my analysis way before the 10200. Check the post date if you can read and write.
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An "idea" one minute after sudden and quite small dip made by some whale realising his profit.
Even school baby is able to read TD Sequential indicator and hope for the best.
Unfollowed. Bye.
+5 Reply
EylemCulculoglu alter.daemon
@alter.daemon, Whatever you think.. Come back in 2 days.. and see what happens.
+7 Reply
jimjspenn EylemCulculoglu
@EylemCulculoglu, is this sideways going sideways? jk. this has been a fun few days! Keep on posting!
+1 Reply
alter.daemon EylemCulculoglu
@EylemCulculoglu,
Here I am! So, what is happening? What does the notorious "Tom Demark count is giving" you?
Reply
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