Short

Long term BTC Bear trend in play

Updated

I think if this fractal is going to continue to play out as it has, then we have a ways to go before the bear trend reverses. Just like in 2014, we bounced all the .618 fib and experienced a mini-spring, but following that bounce, BTC fell below the .786 and stayed there for a while. Jump to 2018, that would mean we could see prices around the $4500 level. Stay safe.

I would place a long term short, short term we could see a bounce.

Trade active

We have just dropped from 6800 range and wicked 6080. The key resistance level has been reached. We are now heading towards the .786 fib line. Set take profit limit for 4800--trying to not be greedy.

Trade active

Watching closely as we fight this long term support level. We have bounced off of it several times and I'm hoping to see it break.

Trade closed manually

We were rejected at 5800 support. I have closed this short. We have reached the bottom

Trade active

The more I check this chart, the less convinced I am about this being bottom. I was briefly shaken out of my position, but I believe my initial target is still in place.

Note

It's Coming. July 27th Super Eclipse is my target date.

Trade closed manually

-The Super Eclipse came, there was a massive market dump, but lower lows were not reached. I have closed trading because I believe the market is going to reverse.

MrXlVii

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