elshanti
Short

BTC..Target Sir ?

BITFINEX:BTCUSD   Bitcoin / Dollar
1908 11 14
finally the long awaited breakout!! but to the downside !! we have two paths same target..one fast the other slow !!
Kommentar: into the third traingle ?
Kommentar: you think it is over ? MM always has surprises :)
Kommentar: bottom is near..expecting a capitulation wick that could go as low as 6000-6300 in the next 6-8 hours..the bounce from that point will be the start of wave b that would take the price to hit MA 50 or the upper trend line around 12k..in the next 2-3 weeks..
Trade geschlossen: Ziel wurde erreicht: gotta love fractals..another bull’s eye !!
I think It's a false Breakeout
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@angelgg, I dont trust traingles I try focus on fractals..
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angelgg elshanti
@elshanti, excelent thanks.
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I like the fast so we can get over with all this boring action... but the slow is more likely.
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@Acel, this gap needs to be filled 10k-9k and even 8k buyers has to be shaken out.. we either drop fast and recover slow or the opposite..
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You're enjoying this too much :)
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elshanti PRO BarclayJames
@BarclayJames, sure ..it was very boring recently.. I was checking metals and stocks instead..
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@elshanti, speaking of stocks..it looks like smart money is exiting stocks slowly and taking gold and metal positions..
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Acel PRO elshanti
@elshanti, check gold too, maybe some of them will exit soon and bring it back to crypto. Check the resistance from summer 2016.
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@Acel, maybe.. I have this comparison for bitcoin vs gold..I shared it with @goldbug1 yesterday..Grandmas vs Millenials !!
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