August 13th
BTC/USD (Bitcoin / US Dollar) Quote $10,900
Bitcoin fell through in the past 2 hours from $11,200 to $10,900 creating the beginning of the 3rd step in down-trend from lower highs.
BTC/USD sell-short target $8,700-$9,500 for a 14%-25% difference from spot quotes. Anticipated duration is 1-4 weeks.
Confidence in downside performance for upcoming 5-days firm.
AUdvantages:
15% in a month.
That’s Bitcoin…can go down 15% in a month, then all of the sudden shoot up 20% (or more) in a couple of days…
1 Like
Exactly. Still just a pullback…will reach $15k this year.
1 Like
It doesn’t mean that you shouldn’t shorten it, as it has huge variations.
The key here is for how long should you keep a short position open?
Right now, 1-4 weeks seems a lot for shortening Bitcoin to me, but I am no tech analysis expert at all.
It actually looks like Bitcoin is going the OP’s way right now and the volume seems to confirm it, but things could change very fast. I guess we will soon find out…
1 Like
August 14th
BTC/USD (Bitcoin / US Dollar) Quote $10,175
Down in favor 7% one day into post.
Keep an eye out for $9,000, potentially. 13% down from quote $10,175. 20% down from posts quote yesterday.
Time to take some profits.
1 Like
Congratulations.
BTC/USD just broke below $ 9500, at least in Kraken exchange, around 7:30 AM GMT time, August, 15.
Did not see this coming at all.
Very impressive analytical skills. I think you just became my favorite crypto guru
Would you be willing to share how you did manage to anticipate these results?
August 15th
BTC/USD (Bitcoin / US Dollar) Quote $10,082
Time to close remainder!
Difference in favor of post = 7%
Original quote = $10,00 on August 13th
It’s based on technical data, broader monetary data, market capitalization, politics.
1 Like
Great catch. Congratulations.