Both sides killing each other so fiercely. Well I don't recommend u guys to get involved in this bloodbath.
Still the same scenario: The whales are playing the fishes. Its not our battlefield!
I think many of you guys know that this market is being terribly manipulated. The whales are even able to make fake signs to mislead their opponents.
So only I can do is provide u some strategies to face some possible circumstances:
First thing worth to mention is that its the most unhealthy market I've ever seen.
The crocodiles damaged this market so badly. But thats not the problem. We usually see a reversal after the market being damaged.
The real problem is that we haven't seen the market equilibrium yet!!!
Thats why the trading volume is so low and the chart is so unpredictable... The indicators are even in contradiction to the chart....blahblahblah
We have been waiting for a reversal pattern showing itself, but not now.
Unhealthy development would cause more damages which means more traps and conspiracies.
The zone of horizontal price movement is too dangerous to take trades until btc 0.65% shows the further movement.
The bulls and the bears are both exhausted but one side will be brought down.
If u r a buyer, buy after the breakout above 8400 which is the breakout of the downtrend channel . But u will need more confirmation with the indicators.
BTW -0.24% even the breakout is confirmed, btc 0.65% will probably not pump more cuz -0.46% the huge resistance is over there. SO if btc 0.65% does pump, I will just set my sell orders and wait for more corrections.
As I said I'm still waiting for the reversal pattern, it is estimated to dump to 75xx~76xx at any time. Then the bullish sign will be confirmed which may lead us to 9k!!!
Good luck! Please like this chart!
Still the same scenario: The whales are playing the fishes. Its not our battlefield!
I think many of you guys know that this market is being terribly manipulated. The whales are even able to make fake signs to mislead their opponents.
So only I can do is provide u some strategies to face some possible circumstances:
First thing worth to mention is that its the most unhealthy market I've ever seen.
The crocodiles damaged this market so badly. But thats not the problem. We usually see a reversal after the market being damaged.
The real problem is that we haven't seen the market equilibrium yet!!!
Thats why the trading volume is so low and the chart is so unpredictable... The indicators are even in contradiction to the chart....blahblahblah
We have been waiting for a reversal pattern showing itself, but not now.
Unhealthy development would cause more damages which means more traps and conspiracies.
The zone of horizontal price movement is too dangerous to take trades until btc 0.65% shows the further movement.
The bulls and the bears are both exhausted but one side will be brought down.
If u r a buyer, buy after the breakout above 8400 which is the breakout of the downtrend channel . But u will need more confirmation with the indicators.
BTW -0.24% even the breakout is confirmed, btc 0.65% will probably not pump more cuz -0.46% the huge resistance is over there. SO if btc 0.65% does pump, I will just set my sell orders and wait for more corrections.
As I said I'm still waiting for the reversal pattern, it is estimated to dump to 75xx~76xx at any time. Then the bullish sign will be confirmed which may lead us to 9k!!!
Good luck! Please like this chart!
Note
These r the targets of the 8400 breakout scenario
86xx
88xx
Note
So here is the funny thing.
We can see the bull are trying to take a huge breakout.
But here is the warning:
Rsi already reaches the 60 resistance. It must to be some corrections before the breakout happens. So this circumstance become more and more same as the 1000points ambush on 4/12.
First they meet the resistance so does the rsi indicator. Then they retraced, prepared for much more powerful strength. Bang!!!
So if this scenario comes true, we will see the ascending wedge is done then the price drop, probably reaches the dotted support line(around 8k).
And whats next ? Don't ask me lol
Note
4/12
Note
The small ascending wedge (blue line)is broken...
But its still standing on the big one...The last support line (black line)
That's so exciting, isn't it?
Note
Same wedges could be the same outcome?
I see the Rsi already reached the 69 resistance line.
It would be a confirmed sign for retracement.
Note
Make it clear!
Same wedges
Same Rsi divergence
Same MACD signs
Note
pump.. pump.. pump...
Yeah Rsi is in the overbuy zone
We still have to wait for more answers. Btc will show us.
IF there r no more bear traps, we will se the confirmation of hs pattern.
BTW the confluence zone is still around 9k.
Note
Yeah reached that top then pulled back...
Im f**king stressful
Note
Short term prediction
We are still in the wave 5 after that. Guess what? Corrective waves!
buy at 8850
sell at 9200~9400
Note
The previous prediction cancelled.I saw the decreasing volume over 20%.
It would a warning of bull trap
Note
pump and dump.. pump and dump over and over again this night.
But something big is coming.
As I said before.. We need correction for a further long term confirmation.
Its gonna dip anytime soon Well my target is 8400!
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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.