Short

Will BTC do a "bart move" down to where the pump started, 6600$?

Updated

Hi guys,

My last ideas was a LONG one, now an alternative SHORT idea. We saw this before:

* BTC price increases fast
* BTC price goes down to the level where it started pumping, ~ 6600$.

Will we maybe soon see a big candle that brings price back to "pre pump" levels?

Reasons why this is plausible:

* The pump was 2 big green candles in a row, doesn't happen organically too often. No big news behind it that justify the pump.
* We saw this "pump and dump" many times before.

Note

Please guys let me know your thoughts in the comments, wil BTC go down to 6600 soon? I know I changed my mind and not long ago I posted a LONG idea, now a SHORT idea, BTC is confusing.

Note

Sry, another update, I forgot this:

How to profit now?

Maybe place some pending orders so e.g. if the price start dumping below 6960 the short order gets activated, wait for some more dumping and then closes the short positions?

You can call this strategy "catching falling stars"

Note

Update: We saw a dump today but more like a "junior bart", so it dumped but not to pre 17th April levels (pre pump levels). Maybe the dump I am expecting will come in stages so people don't panic and don't realize too fast that price will dump.

Note

Update: I was predicting it right, price very similar like I drew it above

DappStatCentral_ML

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.