BTC took the bearish path. Post-dump analysis.

By cybernetwork
Updated
Continuing from:
BTCUSD 7Mar20: Bullish/Bearish Scenarios
Comment
Since mentioned in the previous published analysis, my CYBER ENSEMBLE script still have not registered a "BUY" yet.
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Need to wait for a technical confirmation (CYBER ENSEMBLE), then *followed by* a momentum confirmation (i.e. PRISM Signals, and PRISM oscillators), before I'd re-enter the market after being stopped-out of my entire holding at 8700 USD.
Comment
Descending widening wedge. Swing trading opportunity in the short to mid term, and waiting for breakout of the wedge into the longer-term.
Comment
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BUY signal on CYBER ENSEMBLE is triggered.
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Comment
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Comment
{Chart Above} Massive bullish Inverse Head and Shoulder pattern setting up?
Target @ 15kUSD from current 7.5k USD = 100% gain.
But price needs to at least retrace back to 9.5k USD first, and then to take another look at the market structure from there.
Comment
Very weak bounce. Cyber Ensemble and PRISM Signals both signaled "sell" again.
Revisiting 7500 USD?
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Comment
Possibly going sideways for now..
Trade closed: stop reached
BTC broken below 7478 USD
Stopped out. Patiently and cautiously waiting for good point for re-entry now.
accelerationBitcoin (Cryptocurrency)cryptocyberensembleTechnical IndicatorsjerkMomentum OscillatorsmomentumstrategyprismprismsignalsSupport and ResistanceTrend Lines

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