Kubera

Kubera

The trend is your amigo. Long target 314.

Kubera

We could see more breakout to the upside over the next few months... but we're still in a strong overall downward trend. Thus near-term, covering shorts at around 245.

Kubera

---- EDIT: Title should say "BTC" not "BCT" ---- Here's a simple fan chart following trend from Jan which shows target to 250 level by mid-Summer. There are just too many bag holders at this time and level to give any hope until Despair mode is over. Again, look to short any bounces and/or go long any dramatic down-swings... but be careful holding anything long for long.

Kubera

Another general area of support for BTC at 250 using past downward sloping trend ranges.

Kubera

This is a test post ...

Kubera

Clearly, trend is down. Expecting 250 range for some support. After-which, we may see a Summer of despair. There should be a few opportunities to cover and go long after dramatic down moves. However, there's no reason to be hopeful until later this year... or significant news.