DrDovetail

My last idea warning to go short accidentally published private.

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BITFINEX:BTCUSD   Bitcoin
here is the link...I shorted around 8500 and am going to try to buy back in around 7590 however after a double bear flag breakdown it's liekly it could dip all the way to the grey trendline and perhaps wick below it to the same levela s februarys low which could create a massive double bottom and shoot us right back upward.
Komen:
My prediction now is that waht I originally anticipated to be a massive inverted head and shoulders I think will now become a massive double bottom and that the grey ascending trendline (around 6800) is very probable to be where the body of the last candle of this dip closes....this is just a hypothesis but I like the probability of it...because if it does with maybe a wick slightly below it in the 5900-6500 range then we would indeed have a massive double bottom at play with essentially the same potential of an upswing as we would have gotten with a valid inverted head and shoulders.
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