DrJLT

BTC guess for the next two weeks

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BITFINEX:BTCUSD   Bitcoin
As charted, double top

Don't think .618 retracement will be reached at either stops
Komen:
fak, crashed earlier than I thought. Need to wait for a possible bounce and/or breakdown of 50D MA to enter a short position
Komen:
one possible play if we don't breakdown

(after E, crash)

Komen:
Komen:
good pump, possibly will go above 8750

Komen:
Market is always somewhat unpredictable.

Thought last night after 8850 would go down, but didn't. I guess they really want to tap some bulls drop into this
Komen:
almost looks like bull market again

Komen:
was this a buy or sell?

Komen:
Komen:
Komen:
will we close below 50D MA?

Komen:
bitcoin failed to close below 50D


may have some bullish attempts; seems like the market is not decidedly bearish
Komen:
not comfortable with shorting now, even though it looks like it's going to drop immediately

I have a strange feeling that a real bull trap is in play:

close below 50D
fomo short (fishes)
pump to resistance
crazy short (whales)

Komen:
Indeed closed below 50d. Could bull trap soon

Penafian

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