BahBah

BahBah

I really do not belive that we will have a double top, but anything is possible. We will come down to 7230 for sure, cause the CME gap will be made in several hours!!

BahBah

So we did get a massive pump from 6.5k and now I am looking for a healthy correction to 0.618 Fib level, it also lines up with a 6.8k support level. If we retrace to 6.8k, I am adding a lot to my long position and riding it hopefully up to 7.6-7.8k levels.

BahBah

So we are forming this possible double bottom, with a price target of at least 8k, I have been talking about it for a few weeks now. I did go long from 6650, and i am looking for breaking the 7300 level with volume.

BahBah

So I was right about us dropping below 7k, i got a short in from 7.2k (red line). Imo we will go to retest 6.5k levels, i am starting to take profits at 6.6k, good luck guys!!

BahBah

Bitcoin longs are almost at an ATH and overbought in the RSI for the last 16 DAYS!!! Bitcoin will fall below 7k and i am 100% certain of it.

BahBah Updated 

Bitcoin longs are right now nearing ATH and are over extended on the RSI on the weekly and daily chart. Just keep an eye on this one guys!

BahBah

In my opinion we will retest 7.1k-7.2k level in the immediate future, if that is broken, we will go to 6.8k and if not then a bounce to 7.5k is expected. I put a short at 7450 and will start to take profits at 7230.

BahBah Updated 

Is the bullish divergence on the 1h chart enough for the bitcoin price to rebound or will the lower lows continue? Imo we could see a small fakeout to 7.3k, but not past that level, I remain sure to my 6.8k target.

BahBah

My short got stopped out at break even, i bet nobody expected this kind of pump, we are overbought on most shorter timeframes right now, I am staying out from this for now...

BahBah Updated 

As the bearish sentiment in market continues to rule, Bitcoin price will drop to 6.5k area and possibly creating a double bottom. If the buyers step in at those levels, an imminent pump would be expected. I will take a short down to 6.8k-6.5k.

BahBah

We broke the 7.3k support, but is this breakout sustainable? We could "Bart up" or we could fall down to 7k. Keep in mind we are forming a possible bearish pennant, it is a continuation pattern. I am bearish on this one!

BahBah

As the Bitcoin longs are piling up and heading into the higher regions, there is a possibility for a massive long squeeze, which would make the Bitcoin price crumble.