Doom Dump to $68 USD Based on Previous Fractal

BITFINEX:BTCUSD   Bitcoin / Dollar
Right now this fractal has been very accurate. I forecast a wick to $68 due to the bearishness from BitcoinXT fork and the division of the Bitcoin community on that regards. Also with the current economic turmoil globally, it seems Bitcoin lost it's value as a safe asset. Better buy gold than Bitcoin until the community gets it together.

Targets are on the charts with future supports and resistances levels.

Dump targets:

  • $160
  • $123-113
  • $68

The new floor/support for bitcoin will be eventually: $110-115

Note: The possibility of a bounce from 210 to 225-30 initially before big doom scenario is possible. So don't short now and start panicking. Calculate your entries smartly.

As always use caution when trading BTC and be smart about your entries. good luck!

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The larger Fractals would politely disagree.
are you looking for perfection? lol it cant get any closer than this
+1 Antworten
On the 4H with a closer look - spot on:

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