BTC short short term, long long term

5 giu 2019

predicting a short crash to total the 30% pullback we have all been patiently waiting for to regain a healthy market. with this last dip towards the 0.382 FIB (fib lines drawn from bottom at 3100$ to top around 9100$) , we will likely recover on our previous trend line that was started April 1st, before we went parabolic in May. IF this line fails, I see a dip to the 0.5 FIB, then we will catch my lowest upwards trending line from the bottom of the market through April. If that fails, start shorting bitcoin like a savage because its over and this was the biggest takeout we've seen in quite some time. Honestly I don't see a fall for longer than a day below 5600, and wouldn't bet against a break of 6000$ to be honest. My prediction is a drop to 6200-6800$ then a nice slow recovery that is healthy and grows for all of us for the next 6-12 months. THEN, once this build up is above our previous ATH, we will go parabolic towards 50-100k in 2021-2022. Really this analysis is mainly about the fall to the 6000's and getting support there and coming back up. Thanks guys and good luck. If you only use binance or other non leveraged brokers, sell into tether or TUSD or whatever stable coin you want. IF you use bitumen, kraken, etc, I would do some TA and think about a short term short position