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DROP

BTC: Another Big Bart Simpson Drop?BTC has had a good run, but looks to be slowing its roll up here near a big 786 fib (the strongest correction fib), the downtrend line on the log, and the 200-day EMA right above it. BTC has reached for these three resistance levels on a somewhat overstretched run absent a true pullback so far to cool off RSI levels and form a much needed elliott wave down on higher timeframes to set up the next wave up. Both the 4h and 1D RSI are at very high levels where corrections have typically taken place historically. Beware the FOMO, entering up here carries high risk. My estimate is the super bears could be amassing short positions soon enough.
BITFINEX:BTCUSDShort
by serekamina
2
BTC 4h Forecast: Drop then Consolidate in FlagContinuing from the MicroAnalysis I just posted, BTC is most likely looking for a healthy pullback and consolidation soon. This is one option for flagging out a pattern before further decision-time up or down: an initial ABC correction down to the 382 fib and the prior price structure support near it before attempting higher. Expect multiple head n shoulders and inverse head n shoulders battles between the bulls and bears if this happens.
BITSTAMP:BTCUSD
by serekamina
1
STR SHORTShorting stellar margin on poloniex saw a nice setup for a b to c leg in this bull trap (now that bitcoin is headed to test 8000$ i'm expecting a lower low in many coins I am mainly buying all this panic but Stellar still has a good risk to reward ratio for shorting so i'm shorting for the next few days or so down to the bottom of its 1 wave) Big picture this is just a 4 wave so STR has a lot of upward movement left but for now we need to see lower lows to test its 1 wave .
SShort
by High_Altitude_Investing
4