bagofXMR

19 Th09 2017 09:23

Rising wedge broke down: target 3200 Giá xuống

Bitcoin / United States DollarCoinbase

Mô tả

⋅ 19 Th09 2017 09:23

We bounced off trendline back down and broke the rising wedge. This should lead to a drop back to 3200, potentially revisiting bottom below 3000

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⋅ 19 Th09 2017 10:12

Ideal entry would be 3985

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⋅ 19 Th09 2017 11:27

I adjusted the lines of the wedge a bit, check it

Target would be 3250

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⋅ 19 Th09 2017 18:59

trustnodes.com/2017/09/19/china-bans-bitcoin-executives-leaving-country-miners-preparing-worst
Things are getting ugly, china ban might be total.
Wsj also suggests all bitcoin transactions are no illegal and that the gov. will block blockchain sync

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⋅ 20 Th09 2017 14:44

4055 is a key level in the next hours

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⋅ 20 Th09 2017 20:03

I like this fractal. Could play out.
As the wedge points down to 3250, closing at 3475 could be a good idea.

By the way, more doom rumours
twitter.com/bitcom21/status/910579544897200128

China could potentially "kill" mining by either completely banning any form of crypto-fiat trading or even by seizure of mines

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⋅ 21 Th09 2017 15:12

We are breaking the support, if we finally break it, 3475-3500 should happen real fast.

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⋅ 21 Th09 2017 18:18

Potential bear flag pointing to 3475 support

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⋅ 22 Th09 2017 12:19

We are on our way to target 1, should happen in the next hours

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⋅ 24 Th09 2017 07:04

3814 level held and we are heading down again

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⋅ 24 Th09 2017 07:31

Potential and most likely scenario

Trend Analysis

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etiennez0r

⋅ 24 Th09 2017 07:34

3200's sounds more consistent than 3400's

etiennez0r

⋅ 24 Th09 2017 07:02

i think it wont bounce in 3400, going directly for 2900's

bagofXMR

⋅ 24 Th09 2017 07:03

@etiennez0r, i hope so!

nofootprint

⋅ 21 Th09 2017 15:52

I see stronger resistance from this point.

snatly

⋅ 20 Th09 2017 14:45

Nice analysis, watching these levels closely myself too.

mozartc

⋅ 19 Th09 2017 19:02

I believe there will be a big sale, to the point of throwing the bitcoin down. I really hope this happens. will be unique opportunity for purchase. then we would have a geometric progression until next to segwit2x

CocoChen

⋅ 19 Th09 2017 10:19

sorry , if drop to 3200, why entry in 3985, then lose money? sorry, i am newbie

bagofXMR

⋅ 19 Th09 2017 10:23

@CocoChen, This trade is a short sell, meaning i profit from the price moving down.
Short selling is borrowing an asset (bitcoin in this case) and selling it with the intention to buy it lower and pocket in the price difference as profits.

CocoChen

⋅ 19 Th09 2017 10:48

@bagofXMR, thank you

guptasta123

⋅ 19 Th09 2017 12:48

@CocoChen, he means sell at 3985 buy back at 3200 so that's how to make profit

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