Xbtc
Update on: "BiTCoin second step back?" 15 -7-17 $ 1700,-In a earlier idea I felt bitcoin would reach it's lowest point on the 17th. Now I think it will on the 15th and around the $1700.
To me personally this looks like the perfect chart (specially in my first idea where you also see the first waves) . 3 steps forward 2 steps back !
KISS
BTC need a break before going higherI see some people trying to buy up this recent drop after Brexit. I've seen charts showing there is an inverted H&S on the 60 min... guys, this is why retail traders lose money. This is nothing but a continuation of the drop. It's a dead-cat-bounce, the move down is NOT YET COMPLETE. It doesn't even have anything close to a double bottom or a reverse head and shoulders.
BTC RETRACE BACK TO SUPPORTThe uptrend holding the price up at this level has been broken through and the price is going up on the last test of support turned to res on the 0.236 fib line, soon to be rejected and squeezed down through cloud support, and once broken through IMO its a short bumpy ride to ~3500 (2.618 fib support)
ETH BREAKOUT INCOMINGEth just recently broke the downtrend line from the run up to ~0.034 and is being rejected down off of that to retest uptrend supports, which may not be enough to send it to the ether, but if any of you have looked at a BTC/CNY chart lately, BTC will be biting the dust pretty hard here soon with a retrace IMO to ~3500 CNY/BTC (chart coming later) and if anybody knows anything about the ridiculous inverse correlation between ETH and BTC then they would be going all in long on this retrace (me).
