BITCOIN SHORT when in 8000-9000usd range! ABC-Corrective wave!

First of all, shorting bitcoin is really risky! I'm gonna do it, but in the past I have been wrong a couple of times. But I'm really confinced it will go down this time. I did post an earlier post about the elliot-wave and the corrective abc-wave. But it did go to fast in time. This time I toke the fibonacci time zone to make a realistic prediction about how the bitcoin will go down in the upcomming 2 months.

I don't want to type to much here, the chart speaks for itself. I post when I open the short.

Note

It could be a nice double top. I will go short, when I have confirmation of bearish trend. I want the Bitcoin below 7500 again, before i'm opening a short position.

Note

When BTC drops below the 7600 usd I open my short position!

Note

Head-shoulder on the 5 and 15-min chart. But before we make a short we want confirmation of the price drop below the 8000usd.

Note

I woke up in the midnight! And the bit short is happening!

Trade active

Note

Ok.. This was obvious a beartrap.

But I won't close my short position. I really beleve this will trigger a bearish trend for the whole cryptomarket!

And I will tell u why. Please tell me if I say something wrong below.

First crash:
-20 june the total marketcap of cryptocurrancies was 115 million.
-16 july the total marketcap of cryptocurrancies 67 million

Trigger: The first bitcoin fork?

Second crash:
-1 september the total marketcap of cryptocurrancies was 174 million.
-15 september the total marketcap of cryptocurrancies was 109 million.

Trigger: China Ban?

The last and upcomming crash:
First mini crash past weeks of the bitcoin, reason the bitcoincash, but no momevement of the total marketcap in cryptocurrancies. It should be time for a correction of the total market! There is a huge change. I really think the Tether usd hack could trigger a crash.

If someone knows a way to get the total marketcap of cryptocurrancies in tradingview please pm me. Don't know if its possible?

Note

Some statistics of the whole cryptocurrancy market:
- First crash retracement of 42%.
- Second crash retracement of 38%.
- Current possible crash, something about 35%.

UnknownUnicorn1413254

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

UnknownUnicorn1413254