BTC- Sudden pump WHY? DON'T FALL FOR IT
Updated
Hey everyone, today I will bring you guys my perspective on this rally.
Here we can see an analysis in the 15min chart :
This analysis is based on symmetry, as we can see , this pattern was already made by the smart money, check 28 Dec 2018, similar strong volume , even before the big jump, the price movement is really similar.
If we look at the RSI, in 28 Dec 2018 it was around 89 , and now it is around 90-91 , the patterns are so similar, typical play of smart money, also know as "bart pattern" .
The blue rectangles are the range it will probably stay in before breaking downwards.
Most probable scenario
-Consolidation for 1 day or 2 and then dump to around 3850.
Smart money accumulated and is now selling into the pump, that's what most people don't understand, while the retail investor is buying, they are selling!
Always be on the side of smart money, that's how you make money.
I will keep updating!
If you want to share your ideas , comment down below and like if you enjoyed this analysis.
Here we can see an analysis in the 15min chart :
This analysis is based on symmetry, as we can see , this pattern was already made by the smart money, check 28 Dec 2018, similar strong volume , even before the big jump, the price movement is really similar.
If we look at the RSI, in 28 Dec 2018 it was around 89 , and now it is around 90-91 , the patterns are so similar, typical play of smart money, also know as "bart pattern" .
The blue rectangles are the range it will probably stay in before breaking downwards.
Most probable scenario
-Consolidation for 1 day or 2 and then dump to around 3850.
Smart money accumulated and is now selling into the pump, that's what most people don't understand, while the retail investor is buying, they are selling!
Always be on the side of smart money, that's how you make money.
I will keep updating!
If you want to share your ideas , comment down below and like if you enjoyed this analysis.
Trade closed: target reached
Late update, but we reached our target of 3850, it went even more!Stay tuned for future charts
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