BitcoinShort
BTCUSD - Some possibilities
Long time no post!
There's blood in the streets. Pretty exciting.
Seems to be a ton of weight downward on this thing.
I drew out what might happen with the moving averages through April. I also mapped out a bunch of possible buy rungs.
Hard to imagine this thing falls below 4800. Realistically, I can see it bottoming out ~5k. That doesn't mean you can't have a freakish bullish 4 hour wick that drops to 3k. In all likelihood, the bull wicks will quickly rebound back into the triangle pattern.
While drawing these lines I was looking at prior huge crashes in BTC's history.
There's blood in the streets. Pretty exciting.
Seems to be a ton of weight downward on this thing.
I drew out what might happen with the moving averages through April. I also mapped out a bunch of possible buy rungs.
Hard to imagine this thing falls below 4800. Realistically, I can see it bottoming out ~5k. That doesn't mean you can't have a freakish bullish 4 hour wick that drops to 3k. In all likelihood, the bull wicks will quickly rebound back into the triangle pattern.
While drawing these lines I was looking at prior huge crashes in BTC's history.
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