BitcoinShort
BTC QUICK UPDATE! RISING FLAG
Updated
Hi, folks! I didn't post anything for a while, because previous targets remain intact and there is not to much I can add.
However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom.
As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which means that discounts are coming soon.
Up to how far it will go, we can break the neckline oh the H&S that I discussed previously, and it may lead to not just discounts, but the real Black Friday(The target of inverse this H&S is 3700)
The area between 6050 and 7150 is a real no-trade zone(NO-NO!)
You probably saw what happened yesterday with those who went long on pure FOMO disregarding TA. They got rekt and already under the water.
Patience will be rewarded.
Chears!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom.
As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which means that discounts are coming soon.
Up to how far it will go, we can break the neckline oh the H&S that I discussed previously, and it may lead to not just discounts, but the real Black Friday(The target of inverse this H&S is 3700)
The area between 6050 and 7150 is a real no-trade zone(NO-NO!)
You probably saw what happened yesterday with those who went long on pure FOMO disregarding TA. They got rekt and already under the water.
Patience will be rewarded.
Chears!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Note
Price slowly moves to 7150 as expected, and I decided to try calling a timeframe which I never do normally. I expect it to reach 7050 in the next 3 days, and 5200 by September 17. Let's see how accurate could be a time predictions. Note
Did I promise you 7050 in three days? Here we go :)
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