BTC - What about after the Dump?
Updated
I've been doing a lot of number crunching, specifically around Fibonacci numbers and Harmonics. There is a possibility we get a Bullish crab at 16.3k with a retracement to 18,700-19,400. I will be Shorting this area after TP'ing Short at 16.3k.
The next target to close FOMC pump Short would be between 15.5k-15k. Not sure which. But i'm certain it's one of these two.
The less likely scenario if these are broken is 13k . But that is less likely. I think a lot of people are expecting really low (I see people shouting 10k in chat) and they aren't expecting a local bottom at 15k.
As is always we get some kind of Relief Rally after FOMC event has happened. I assume this will be the push towards the mid 19's. I am ready to SHORT this area - it will be fairly simple! All I have to do is wait until volume dies after FOMC pump. Take Profit target 15.5k.
The final trade in this next 3 weeks will be LONG 15.5k and 15k, with a take Profit target of around 22k.
The reason why it will dump again after FOMC rally... is it because it always does! It happened last time.. it dumped 32k-> 20k then rallied to 22.5k then dropped to 17.6k.
Good luck!
The next target to close FOMC pump Short would be between 15.5k-15k. Not sure which. But i'm certain it's one of these two.
The less likely scenario if these are broken is 13k . But that is less likely. I think a lot of people are expecting really low (I see people shouting 10k in chat) and they aren't expecting a local bottom at 15k.
As is always we get some kind of Relief Rally after FOMC event has happened. I assume this will be the push towards the mid 19's. I am ready to SHORT this area - it will be fairly simple! All I have to do is wait until volume dies after FOMC pump. Take Profit target 15.5k.
The final trade in this next 3 weeks will be LONG 15.5k and 15k, with a take Profit target of around 22k.
The reason why it will dump again after FOMC rally... is it because it always does! It happened last time.. it dumped 32k-> 20k then rallied to 22.5k then dropped to 17.6k.
Good luck!
Note
Ready :)
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