Bitcoin going back down to 8400 USD for BITFINEX:BTCUSD by BrettduPreez

Facing resistance at around 12700. Climbing in ascending wedge.
50 SMA still downward

Comment:

We are still on track to our target. I think we may see a bear flag forming over the next few hours. Then back down again. I am halting all altcoin trading until Friday. For now my portfolio is in Nubits as a bitcoin hedge.

Trade closed: target reached

Comment:

I am not entering into BTC yet, although we have reached our target. The market is very bearish and a further correction will happen. I will post this in a new idea thread.

Comment:

Bitcoin falling through major supports now. 5000 USD is becoming a reality.

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