Scandem1
Short

BTC to dip one more time sub 6k. BULL TRAP baby

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bit of an alternative analysis here, but how many fucking times have we seen people charting price action eh.
Looking at MACD we get some fairly resounding information here which help us predict some possible future price movements.
We can see our moving averages have have respected our fib levels and are converging just perfectly in time here on our daily timeframe at the exact resistance point we fell from our last ''bull run'' bounce in recovery from the first 6k touch.
Corrective patterns NEVER consist of just 5 waves so don't be surprised when this bitch comes crashing down and all this institutional money fills there last big bags even cheaper before we take off to facking Andromeda m8.
Please upvote even if you think i'm off my tits, trying to get enough rep so i can actually comment on ideas, thanks. lol
Comment: PS. If you are reading this the analysis is subject to the MACD indicator so just enlarge it when viewing, I posted this as just the MACD but tradingview must have altered it. Thanks.

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PS. If you are reading this the analysis is subject to the MACD indicator so just enlarge it when viewing, I posted this as just the MACD but tradingview must have altered it. Thanks.
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