UPDATE FOR MY PREVIOUS POST ON BTCUSD 50% PROBABILITY
Updated
This is a quick update for my previous post. The graph illustrates why BTCUSD will have a probability of moving in these directions in the coming days.
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The bearish move on this daily chart is on its way to whipsaw stop losses placed below 11500. This is attractive to sell orders and stops will be placed above 13000 area. If majority of stop loss outweighs those that are below 9200 area, price will tend to bounce up to reach above 13500 area, then finally will drop down below 9200 to get back to those stop losses positioned in that area.Trade active
As mentioned, price is dropping down the stop loss zone and forcing buyers liquidate positions.Trade active
price remains bearish while it continuous to play around 11074 S&R line, (Lime Green)Trade active
Price still bound by channel support and going down as predicted.Trade active
Price still bound by channel resistance and horizontal support at 1142.30 and going down as predicted. Waiting for the green support to be broken to determine if price would continue to be bearish.Note
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going to predicted direction.Trade active
on its way down to the south within 8000-9000 zone.Trade active
The general idea here being bearish as predicted by chart these coming days is being accomplished landing between 8000 to 9000 or could even go lower.Trade closed: target reached
Oh Yeah!target reached!!!
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