Short: No change on outlook - expecting double top MA fail
Diupdate
Back from a few days break and I'm pretty much still in bearish mode (which is pretty boring, much more exciting to be a bull). I've moved my previous idea which is still on trend forward in line with actuals and expect double top in the coming days then down.
Target C was missed but expecting E to be hit.
- I've been bearish for a few weeks and the lack of support during the consensus conference is adding weight to a drop.
- Indicators on day / week not looking healthy.
- MA holding back BTC.
- Some ALT action but might retract heavily if BTC buckles.
Full of cheer, HF
Target C was missed but expecting E to be hit.
- I've been bearish for a few weeks and the lack of support during the consensus conference is adding weight to a drop.
- Indicators on day / week not looking healthy.
- MA holding back BTC.
- Some ALT action but might retract heavily if BTC buckles.
Full of cheer, HF
Catatan
I'll review this idea if BTC moves past 8450. From there I'm expecting drop to 8180 - there is a risk the bounce does not happen here for the double top as i'm uncertain about support at these levels (previously broken and little support developed on the way up).Watching for a sneaky BTC break to the up side ;)
Catatan
Sold my speculative beer investment at 8428.Beer buy adjustment - shallower drop to 8208 / 8220 (not 8180) expected. FIB review supports this minor amendment.
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