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Butcher_of_Bitmex

2/3 CME Gaps Now Closed - On track for 8860-8880 Top

Short
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Butcher_of_Bitmex Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT Bitcoin (Cryptocurrency) bitcoinusd bitcoinusdt XBTUSD xbt
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As per my previous analysis; we have now cleared the red CME gap. We will likely retrace to around 8550-8600 levels and range sideways before we hit the very top somewhere around 8550-8600. From here it is SHORT SHORT SHORT!
Comment:
Potential small head and shoulders forming. That will take us to 8550. 50EMA / 50MA are expected to be around 8485 at the time the pattern completes so could see a wick down to these levels. This is not 100% going to occur, but something to keep an eye on and supports my original view of a retest of these levels before we hit the top.
Comment:
Comment:
Small head and shoulders didn't play out. None the less the top has now been reached and we are SHORT!

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