Short

BitCoin (BTC/USD) Aug Analysis: A Major Selldown is Coming

Updated

This will be my views of BitCOin BTC/USD Aug 2018.

Please make sure to read the "update" comment as there will be changes along the way.
You are welcome to "Like" and "Comment".

Cheers.

S0nic

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

Note

This bad boy was battered and it is about to get worse.
It may bounce around $7500 level but it will go lower soon.
Once it breaks 7,250 level, things will drop faster and further.

EP Look for short only as long as it is below $8000

SL 8,780
TP1 6,775
TP2 6,250

Note

Update View On BitCoin (6 Aug 2018)

Did you follow our BitCoin Bear call from $7,400 level.
A decent $500 fall we have and it has hit our TP1 level.

They may bounce around but it is likely to go lower further.

I am expecting it to go to $6,400 level soon.

Note

Updated View on BitCoin (7 Aug)

We had a wide double edge bar with the lean toward BEAR.

I am expecting it is still on track to $6,770 level.

Note

Updated View on BitCoin (7 Aug)

TP2 hit on BitCoin.

Note

Updated View on BTC/USD (14 Aug)

Do not rush into going LONG/Buy as there is no sign of bullishness.
I expect it shall at least go lower to $58,40 level.

I expect it should go to $56,00 level. No hurry to buy and rather stay with a short.

BitCoin (BTC/USD) Aug Analysis: A Major Selldown is Coming

Note

Updated View on BTC/USD (16 Aug)

BTC has met our TP2 level ($5,800 to $6,000) and it has met a strong support.

It is likely to be in for a bounce toward $6780.

S0nic

Note

Updated View on BTC/USD Weekly (19 Aug)

We had a small bullish Doji, it is a sign of indecision.
It is happening since it is at the support region of $6,000.

I will say, it is slightly bullish for now but do not jump in with the Big lot.

Potentially to swing back up to $6,700.

Note

Updated View on BTC/USD (22 Aug)

BTC has hit our TP level of 22 Aug as we expected, we call it in 13 Aug.
You may want to take some profit and wait for another decent pull back first before you go in and BUY again.

We have $6200 as a decent support.

Note

Updated View on BitCoin (23 Aug 2018)

US Dollar is protected by Missiles, F-35 and Killer Drones.
and BitCoin is protected by?
A half-baked mining machine from your closet.

All Cryto nerds are taken for a ride since last November 2017.
Now big boys say "Thank You for your money and stupidity"
US Dollar is protected by Missiles, F-35 and Killer Drones.
and BitCoin is protected by?
A half-baked mining machine from your closet.

All Cryto 1diots are taken for a ride since last November 2017.
Now big boys say "Thank for the money and stupidity"

Now $6400 and $6,700 are resistants now and DO NOT think of going LONG/BUY at the moment.

$5,600 will be the next

Note

Updated View on BitCoin (29 Aug 2018)

We had a strong swing back up and it may be in UP trend now.

Watch 6700 closely as it is support to be a strong support. I am Slightly BULLish for now.

Note

Updated View on BitCoin (31 Aug 2018)

We had a strong swing back up and it may be in UP trend now.

Watch 6700 closely as it is a strong support and it is tested well.

I am Slightly BULLish for now.

TP1 7400
TP2 7800
TP3 8200.

SonicDeejay

Telegram: t.me/sonictraders

Web: sonicrmastery.com
FB Page: facebook.com/sonicrcourse
FB Group: facebook.com/groups/sonicrsystem
Instagram: instagram.com/sonicrmasterycourse

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.