WOW I CALLED THAT DUMP PERFECTLY!!!!!!! Thank you for coming back! Now, let’s get back to work on BTC. I believe BTC is headed lower to retest 7100 today, but it may push back up towards mid 7k. Yes, I am going to short this, but I believe it is a big bear trap - this is NOT THE DEATH OF BITCOIN. IT IS NOT GOING TO 3K NOW. Using my unique S/R system, I believe the following:
1. MAIN CHART:
If 7362 continues to act as resistance, BTC will go lower to test 7100ish and then 6500ish. The bulls are on the brink of losing 7362, which = VERY BAD FOR BULLS.
However, if the bulls are able to regain 7362 as support, the next push up would go towards 7600. However, I believe 6k's will eventually be retested by the end of this week, before a move up to 9-9.9k.
Here is my hypothesis for BTC:
1. Friday December 13 will be a significantly bad day for BTC and will be good for a short trade.
2. Sunday December 15 will be a significantly good day for BTC as it will begin its recovery for a significant move up. This will be good for a long trade.
2. THE ACE PRO SHORT INDICATOR:
IT IS ON FIRE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! IT CAUGHT THAT DROP PERFECTLY!!!!!!
(Viewable on my Published Scripts Page)
3. Gann Fan Chart (4hr)
The price is currently below the resistance of 7340. Next supports are 7230i, 7200ish, and 7150. Below 7150 = 7000, and then, 6k’s?
4. Super Large Timeframe ( Fractal Chart):
I still believe that my fractal play chart is in play. If you haven’t been following me, here’s what that is:
This fractal is still in play. I believe that BTC is likely to go down to make a double bottom / a near double bottom / a new slightly lower pivot low. A move down to 6500 before moving up towards 9000-9500.
I obtained this fractal through using a unique S/R system that I have independently developed. Instead of focusing on the price, please pay attention to the S/R levels being hit. ignore anything over 10500 - in my analysis that's what I do as I believe that it is just NOISE. Yes, everyone wants to talk about bear / bull, I do not think the market will instantly dump to 3k - if it is going down there (which I believe is likely) - it will happen in stages. Until this play gets invalidated, I believe it is next.
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
5. Lastly, CELEBRATION:
I have launched my Ace Pro Short Indicator + Ace Pro Long Indicator (viewable on my Published Scripts page). Everyone in my Discord is killing it!!!!!!!!!!!!!!!!!!!!!!!!!! I'M SO PROUD OF THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stay safe and let's kill it!!!!!!!!!!!!!!
Note
I am looking for a short entry. I believe 7362 may serve as a temporary support area. I would like to short a wick up to yesterday's daily candle high. I believe a wick to 7650 is possible.Note
Today's numbers:1. 7398
2. 7314
Break of 7314 support = short
Support established at 7398 = long (probably wicky to 7600)
Best place to LOOK FOR A SHORT: near 7650
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.
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.