BitcoinShort
The last breath of Bitcoin?
As you can see price is currently inside big triangle (look at fibo retracement, it's perfect) that have a volume confirmation.
Short term target 8500-8800. Global target of this pattern is terrible 800-1000 range that will be reached by the early or mid 2019 in my opinion if this scenario is valid. Also I recommend you look at btcusdlongs and btcusdshorts that can be a good confirmation sign (if longs > ~2x shorts it's could mean that market have no investors and market go up only becouse marginal traders and we will see long squeeze). Next month we need to see low volume, reach fibo level and increase in the number of longs and then high volume in breakdown symetrical triangle.
Wish you luck, be patient and trust only your selves.
Its not a financial advice.
Just newbie idea.
Short term target 8500-8800. Global target of this pattern is terrible 800-1000 range that will be reached by the early or mid 2019 in my opinion if this scenario is valid. Also I recommend you look at btcusdlongs and btcusdshorts that can be a good confirmation sign (if longs > ~2x shorts it's could mean that market have no investors and market go up only becouse marginal traders and we will see long squeeze). Next month we need to see low volume, reach fibo level and increase in the number of longs and then high volume in breakdown symetrical triangle.
Wish you luck, be patient and trust only your selves.
Its not a financial advice.
Just newbie idea.
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