Could this be the largest FAKEOUT in bitcoin HISTORY? (BTC)
Updated
Good evening traders,
First of I've uploaded my 2nd video to my YouTube channel and it's longer than the first with updated and detailed information regarding the first one and how price action has developed, so please go subscribe to my YouTube channel, like and feel free to leave a comment on my post as these things will help my channel grow!
Second of all, we've got a few things to talk about that are quite urgent for bitcoin.
IF, $30,000 holds on this next leg down to test support it would enable me to switch my bias from bearish to bullish in the immediate short term, where you ask? $32,500 seems like a logical place if we can manage to find support and head higher.
BUT, if $30,000 fails and bitcoin wants to go for another dive down the previous target of $27,777 still stands, as well as $28,555. Below $29,200 any bullish bias gets invalidated right away and the leg down to $28,555 will likely come fast. I'll provide updates as price action develops.
If we hold on the next scalp down you'll likely see the next post be a long instead of short.
Go with the trend (the trend is your friend)
Plan your trade and trade your plan.
Please get this technical analysis to 30+ likes to unlock the next post! Also please go subscribe to my YouTube channel and check out my latest 2 video's! 👍
First of I've uploaded my 2nd video to my YouTube channel and it's longer than the first with updated and detailed information regarding the first one and how price action has developed, so please go subscribe to my YouTube channel, like and feel free to leave a comment on my post as these things will help my channel grow!
Second of all, we've got a few things to talk about that are quite urgent for bitcoin.
IF, $30,000 holds on this next leg down to test support it would enable me to switch my bias from bearish to bullish in the immediate short term, where you ask? $32,500 seems like a logical place if we can manage to find support and head higher.
BUT, if $30,000 fails and bitcoin wants to go for another dive down the previous target of $27,777 still stands, as well as $28,555. Below $29,200 any bullish bias gets invalidated right away and the leg down to $28,555 will likely come fast. I'll provide updates as price action develops.
If we hold on the next scalp down you'll likely see the next post be a long instead of short.
Go with the trend (the trend is your friend)
Plan your trade and trade your plan.
Please get this technical analysis to 30+ likes to unlock the next post! Also please go subscribe to my YouTube channel and check out my latest 2 video's! 👍
Comment
Trade active
Trade active
still no volume (chance we break down and continue the downside, prepare for both)
Trade active
Trade active
new video being posted on YouTube in coming hours!!!!!LOTS TO TALK ABOUT FRIENDS, if we flip $30,800 back into resistance we could see another leg down but I'll point everything out for you guys in the upcoming video.
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