BTC to $53800....or worse

18 Mar 2018

Very rudimentary wave analysis done a few weeks ago has been pretty accurate.... BTC -5.25% has moved below long-term support line (on log scale), so turnaround much less likely now. BTC -5.25% also close to making a death cross, which hasn't happened in years and came before several months of decline / sideways movement. First target is $5800-6500. Second target $5000-5200. If price doesn't start to reverse at those levels (or by mid-April), I'm looking for $2900-3200 and may start buying back in starting at $4750 in increasing increments every $250 down. For now, holding cash and using 3-5x leverage on Bitmex. About 30% ROE in past 5 days

18 Mar 2018

Yorum

Title wrong....target is $5800