Now btc movement will be quite interesting with high volatility for 1D and 1W time frame
After dropped from 4k2 to 3k8, BTC will find starting point at demand area 3k9, it could be fake breakout and directly drop to 3k5
If BTC can break the trendline of 3k9, it will be big rally to 4k2 and try to move daily trend from 4K2 to 4K9
After reach LONG point at 4k9, then it's time to have big SHORT to 4k2, if can not hold then it will continue to 3k7
These are win-win solution chicken dinners for LONG whales Vs SHORT whales
BUT, it is not enough, we will try to next big waves from 3K7 to 5k5
and again LONG whales will be happy but we should share happiness together to SHORT waves
Then flash dump will happen to 3k8 (isnt it too small? i think so ":> )
BUT I believe the BIG SHORT is in 2k8-2k9 even lower, it will be back to original decending triangle point.
After that, the waves are done, then we continue long sideway and reversal to previous where death cross is made 8K7 as our annual ATH at 2019
After dropped from 4k2 to 3k8, BTC will find starting point at demand area 3k9, it could be fake breakout and directly drop to 3k5
If BTC can break the trendline of 3k9, it will be big rally to 4k2 and try to move daily trend from 4K2 to 4K9
After reach LONG point at 4k9, then it's time to have big SHORT to 4k2, if can not hold then it will continue to 3k7
These are win-win solution chicken dinners for LONG whales Vs SHORT whales
BUT, it is not enough, we will try to next big waves from 3K7 to 5k5
and again LONG whales will be happy but we should share happiness together to SHORT waves
Then flash dump will happen to 3k8 (isnt it too small? i think so ":> )
BUT I believe the BIG SHORT is in 2k8-2k9 even lower, it will be back to original decending triangle point.
After that, the waves are done, then we continue long sideway and reversal to previous where death cross is made 8K7 as our annual ATH at 2019
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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.