Too High, Too Fast? A Bitcoin Cash Crash?

10 Kas 2017

Over 200% in a few weeks? We need a short plan!

A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard.

Here;s a closer look.


Cheers and GLWT!
-Erik

10 Kas 2017

Not

11 Kas 2017

Not

It was a totally crazy bull flag! I'll post a short idea later on...although, judging by the comments, you guys are not interested in those ones.

11 Kas 2017

İşlem kapandı: hedefe ulaştı

11 Kas 2017

Not

Another totally crazy bull flag? lol

12 Kas 2017

İşlem kapandı: hedefe ulaştı

1685$ HIT OMG WHEN DREAMS COME TRUE!
I'm taking a break now with BCH

12 Kas 2017

Not

Hahahahaha.... when i sold last night I did not imagine this kind of scenario

12 Kas 2017

Not

Some short targets:


The chart is so messy now that the price went so high

13 Kas 2017

Not

Bring stops up to MIN TP $1153

13 Kas 2017

Not

Ok, let's aim for MAX TP at $908. This is the bottom range of a classic support.

13 Kas 2017

Not

Falling wedge reversal? :) We broke out of the major classic fibo resistance! Need the other chart to join us, tho.

13 Kas 2017

Not

MIN TP hit! Then it fell apart... When dealing with these volatile things, particularly in a countercyclical trade context such as this, you hit your first targets and then break out trade after that.

14 Kas 2017

Not

$1050 ish?

15 Kas 2017

İşlem aktif

16 Kas 2017

İşlem kapandı: hedefe ulaştı

YES!!!

16 Kas 2017

Not

Countercylical bounce?

17 Kas 2017

Not

Hit $905 even better! Ok, now we see the bounce?

17 Kas 2017

Not

Below $1000 is bearish...for now we bullish (but its in a countercyclical environment, so overall bearish).

17 Kas 2017

Not

New thread: