BTCUSD More room to fall. Possible Scenarios. Martin Trend Line

For now here's the chart will try to write out what im seeing tomorrow, im tired lol. Martin Trendline confirms my bearish out look for the time being probably through next week. Waiting for a nice V bounce From around 5500/5800 could be either but i think 55 even 5200 may be where we see the beautiful V Reversal we all love. If we dont see a strong V reversal i fear we may be in a triple bottom scenario, which i could see price dropping to 4800, even 3600, but i doubt the whales would do that itd be too obvious with last trade dates for CME BTC futures that started trading in December 2017 coming up June 25th. Maximum return on a short position that was opened at $20,500 (was reference rate for the peak).

Shorting on trades in january or more importantly February would add more risk on a long term contract, that would be expiring this month or next month. So the longs started building up, thats why we saw the bull traps, people saw that futures were trading up so the uneducated (myself included) thought that would mean price was essentially going up now. Cause futures trading in march that expire in september would be awfully risky to short so while those contracts are trading it naturally makes people think its worth the money to buy it now as opposed to then.

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Short term bull rally now i think.

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