SpawnyXBT

Breakdown will continue? 70/30

Short
BITFINEX:BTCUSD   Bitcoin
So far seems like there is a build-up for the next breakdown.

The Bear flag has been broken in "down" direction. We had a "reply" from bulls yet extremely weak and support is weakening down while they try to increase the price without success it has becoming extremely taxing for bulls.

It also has the possibility of "bart" upwards up to 100$ which would bring us to 3800$ on BTCUSD or 3700$ on BTCUSD that sits in the 30% probability.

Longs are already locked-up at a bad level and all this breakdown was only old LONGS closing only by a 30%. I attached a Long-Short Charts.


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