BTCUSD updated - next 10 days

BITFINEX:BTCUSD   Bitcoin / Dollar
268 5
Given that my breakout scenario from the last chart (to the end of May, linked below) was fulfilled, i felt it necessary to update it for the shorter time frame.

The shorter time frames are showing quite a few reasons for concern - negative divergences on RSI and MACD . Three Drives Pattern that I would like to shoutout to @bagofXMR 's chart for detailing well.

But ... the longer time frames still need some time to turn hence, the idea above. Expecting sideways for a few days, resulting in the flashing of even more negative indicators followed by a fast break up to set up negative divergences on the longer term as well, followed by a violent move down to 1160 or so, maybe as low as 1140 to 1110.

~20 long position.
Kommentar: Staying acceptably close to the expected range. Long still active.

Scalped successfully a few times to reduce my cost basis on this move down.
Trade ist aktiv: Closed ~80% of my BTC position and closed the rest of my ETH and LTC positions (in the green thankfully) because I do not feel like getting burned by Bitfinex. Moved most of my BTC off there till there is a resolution.

Also, spread is too wide now between Finex and the others. Also, good news (banks are clear) would cause the price to normalize/drop and so would bad news. Seems too risky to stay long here.
Trade wurde manuell geschlossen: Closed my longs. Sit and wait for next entry point
You really did see this move into the future...didn't you....the price is tracing your line....very cool....
Viggy hsadik
@hsadik, was satisfying to see how well that worked out. Thanks!
happy we both guessed it right ! :D
Viggy bagofXMR
@bagofXMR, Couldn't have done it with you bud!
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