Chart is pretty self explanatory. I expect a relief rally here to 7700ish, and this to be a smaller rally than the previous ones before a further break down and retest of the 5100 level, which would basically cause capitulation all over in the crypto world.
From the 5100 - 4900 level I expect the price to reverse before the end of the year and reclaim 9k, or 10k.
If the releif rally breaks the 7700 level then we have a successful reverse from a three drives down pattern.
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twitter.com/3L3C70
From the 5100 - 4900 level I expect the price to reverse before the end of the year and reclaim 9k, or 10k.
If the releif rally breaks the 7700 level then we have a successful reverse from a three drives down pattern.
Follow me on twitter for more live updates:
twitter.com/3L3C70
Note
Here is the second chart with the three drives down shown (Purplish Pinkish)Note
I am still expecting a relief rally to 7700. However as you can see in the chart above, I am very well aware 5100-4900 is a very possible level. Buy the blood, and buy some more lower. If we break 7700 upwards, it would be a confirmed reversal (for me). Follow me on twitter for more updates.Note
So far ... so good.Note
We be grinding that support.Note
Lift off.Note
6900 should see a sell off.Note
No sell off needed ... straight up ... chart looking very very good. Waiting to take more profits at 7700 and then go net short at the 8200 level.Follow on twitter for more updtes ....
twitter.com/3L3C70
Trade closed: target reached
waiting now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.