qumatru

Bitcoin long term idea

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BITMEX:XBTUSD.P   Bitcoin
I haven't shared this chart here because I wasn't feeling very confident calling such long term plays on bitcoin, especially since I try to specialize on bitcoin scalping. The arrows and lines were drawn around the 22nd February. I was a bit more pessimistic than the actual price action and i'm sure that the top line repetead violation got a lot of people trapped long, even though the downtrend continued. Even as we speak, I think it's going to go up to as high as 9600 before continuing to move down. I feel confident sharing this now and I hope to see the expected lows to load up for the next cycle. i will try to make some time to post long plays on alts, now that many of them are at last year's levels and i have myself started accumulating a number of the survivors. cheers!
some short term price goals for me are 9600 then short to 6500. good luck!

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