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15614066
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274613
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Speculation
Re: Analysis
by
Livermore
on
17/07/2016, 12:56:17 UTC
Quote from: masterluc on July 09, 2016, 11:22:41 AM
The bearish picture remains the same with target 450 through a bear flag and enormous support at 420. Daily bands coiling, bold move expected soon.
I even don't beleive ))
https://new.tradingview.com/x/Fs9Am8yz/
https://www.tradingview.com/chart/BTCUSD/YDBpslik-Short-term-Bitcoin-Short-due-to-cumulative-volume-exhaustion/
I made some similar prediction but based on cumulative volume and OKcoin quarterly futures premium.
Even at the blood of the $540 initial crash the futures premium remained heavy overbought.
That leads to conclusion that bearish scenario is very likely, 480-450 target, and as Luc says, 420 is enormous support. So there is my planned entry.