Urbanmove

BTC LOOSING STEAM 2

KRAKEN:XBTUSD   XBTUSD
Chart 5 of 5.

One more rally to $12,031 area

followed by chop resistance at centerline.

followed by precipitous decline to near
$10,200.

followed by a spike low to near $9563 area.

followed by healthy rally to $12,400.

Followed by giving it all back to new lows to $7800 - $8000 area

@Ashby_Parker @Jakrab2000 @gripfast Here is an updated BTC chart. We have a few up and down sequences, but ultimately the target remains $7800 - $8000 befoe HODL type positions can be taken.

I think I am the only one who is utilizing the short positions. So most are just best to sit out till the all clear has sounded.
If some of you want to trade into a few tough winners, then use the model above as a guide. I will update as things change, which they always do change. Good luck!
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