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#1 tsharp

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Posted 06 September 2018 - 08:58 AM

Last Saturday I posted to IG that BTC was at the place it needed to turn back down or I would need to revise my outlook.

 

This was the chart I posted:

 

BTC_W_9.1.18.jpg

 

Obviously, the news that came out yesterday was a double blow to BTC: a bit wallet containing an estimated $1B opened and started sending coins to Bitfinex, then also GS reported that they have changed their plans to add a trading desk for crypto.

 

Last night's charts... still looking for a wave-c low in the 5100-5400 range... judging on the obtuse angle on the 240-min chart, this week's highs will not be seen  again for a while...  twt.

 

BIT_W_9.5.18.jpg

 

BIT_240_9.5.18.jpg



#2 CLK

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Posted 06 September 2018 - 09:54 AM

Yeah, it's just a 1-5 minute trade for awhile now. Not for buying dips to hold.



#3 tsharp

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Posted 09 September 2018 - 12:28 AM

if you think the bear market is bad in BTC, take a looksy at ETH...

 

Tonight it's already trading some 87% below its peak price, less than a year ago... I suggest the final low, many years out, will be somewhere down in the 40s... twt.

 

ETHEREUM_D_9.8.18.jpg