Bearish BITCOIN - First Target $3600 - Ambitious target $2929

Move To Alt Cryptos or Cash as Bitcoin looks ready to pullback heavy

Bitcoin Daily Stochastic RSI peaked

Looking for Bitcoin to have a healthy pullback, first target $3600. 38.1% fib retraces have consistently hit in bitcoin rallies. Viewing what is know as a blow off top with bearish confirmation on todays candle stick.

Intraday 1hour view
Stochastic RSI entering downtrend - Large volume on current candle stick with 30ema crossing below 68ema. Dip buyers would have to step in heavy here.

TRADE: Set stop loss on BTC or enter an alt currency such as ETHBTC XMRBTC LTCBTC ZECBTC (play stalwarts for liquidity).
Alternative: Stoploss set for you to go to cash. Losing 4k will create fear in BTCUSD trade.
Risk Trade: Short if broker allows, use tight stops, monitor until downward momentum takes hold.

Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.

I'm happy to see you posting more TA on here.

I also have been telling people about my predictions with BTC and they mirror yours. We are set for a huge pullback and I actually just moved a bunch of my brothers newly invested BTC money to some Alts for him.

Thank you for putting this out for all of the steemians that aren't as up to... "date" on what may be happening with BTC to come ;-)

Bitcoin loves fib 38.1% retraces. mechanical. 4K is the tipping point for sure. In order for a chart to stay healthy has to go down. Worst case scenario for BTC is to play the pennant, but we will worry about that if and when it tests $2929 -- Thanks for the kind words <3

I see it possibly happening now that BCH is more profitable to mine than BTC.
We may see a yuuuuyge price dip coming in at the end of August and into September.
Then in November Bitmain is Forking Bitcoin to create a third coin

Its happening slower than i expected, but thats okay. There are a few interesting setups out there on the majors - price pegged.

Yea irs definitely taking more time than I thought it would.