RE: Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!

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Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!

in bitcoin •  8 years ago  (edited)

Selling at 992 - this looks local toppish. (bitfinex did not clear the local 994.6 high on its most recent high --> more down!)

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Finally got confirmation. The declining volume and failure to breach 994.6 were early indicators, but we dropped to 967 now, on volume.
I expect the $909 low to be the bottom of this shortest-term wave, at the lowest.
I will be quick to take profits here, as the upswing should be violent.

  ·  8 years ago (edited)

This continues to develop and is being covered live here:
http://www.youtube.com/user/russeljc79/live

I exited this position at 970 for a >2% gain.