BTCUSD : Fractals : Long for near-term; then Short for big dump
Updated
BTC fractals are interesting.
I'm personally awaiting a good time to Short. The overall Trend is your Friend :-)
But looks like we might re-test $3700 (Bitstamp), then fall, then re-test $4000 (Bitstamp), then dump hard to re-test the depths of hell around $3000.
If we hit $3100 will speed & volume, then lookout $2500 and $2000 over the next few weeks or sooner.
All constructive feedback is welcome.
I'm personally awaiting a good time to Short. The overall Trend is your Friend :-)
But looks like we might re-test $3700 (Bitstamp), then fall, then re-test $4000 (Bitstamp), then dump hard to re-test the depths of hell around $3000.
If we hit $3100 will speed & volume, then lookout $2500 and $2000 over the next few weeks or sooner.
All constructive feedback is welcome.
Note
$4000 (Bitstamp) re-test might be a little ambitious for the Bulls, let's see.Note
Fractal played-out beautifully. We overshot my estimated Target of $3700 reaching $3787, but are now settling around the Target of $3700. Expect another push to circa $3800, before it's probably shorting time!
RSI at same level as before, too. circa 77.
Note
Forgot to included this Chart update...here it is
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