BTCUSD Three possible routes
Updated
I just receive some information and I think I need to update my predictions. The uncertainty of BTC's future is a little bit higher than I thought. However, there's one thing that is certain. BTC is going down to sub 4k.
Route 1
If BTC did not break the rising wedge today and broke the purple trend line. You can expect another bull run to around 9k2. Then it will go sideway until one day jumping straight to around 4k.
If BTC did break the rising wedge today, it will find support around 7k and bounce back to the purple trend line. Then there will be two possibilities:
Route 2
If BTC broke the purple trend line, it will go sideway until one day jump to around 4k.
Route 3
If BTC didn't break the purple trend line, it will go as I predicted in previous posts.
Anyway, BTC will find a bottom at around 4k. It may not be the ultimate bottom. But BTC will start a long bull run from there.
So if you want to avoid risk, you can move to fiat now and take a break, waiting for 4k.
If you want to make some high-profit trade in the following days, you'd better watch closely. Now its the critical moment for BTC.
Route 1
If BTC did not break the rising wedge today and broke the purple trend line. You can expect another bull run to around 9k2. Then it will go sideway until one day jumping straight to around 4k.
If BTC did break the rising wedge today, it will find support around 7k and bounce back to the purple trend line. Then there will be two possibilities:
Route 2
If BTC broke the purple trend line, it will go sideway until one day jump to around 4k.
Route 3
If BTC didn't break the purple trend line, it will go as I predicted in previous posts.
Anyway, BTC will find a bottom at around 4k. It may not be the ultimate bottom. But BTC will start a long bull run from there.
So if you want to avoid risk, you can move to fiat now and take a break, waiting for 4k.
If you want to make some high-profit trade in the following days, you'd better watch closely. Now its the critical moment for BTC.
Note
R1 confirmed. We gonna have some good time in this big bull trap.Remember, this is still a bearish market. Sell when you have nice profits. Dont be greedy.
Sell between 9200 and 9500
Long BEFORE Feb. 20
Note
Correction:Long BEFORE Feb. 15; BTC may well go sideway after that.
Trade closed: target reached
BTC has reached all my targets. I have cashed all at around 9k6. Gonna take a break, waiting for 4k. Good luck guys.
We don't trade patterns. We draw them.
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