BTC will go to 10K or 6.4K !! Current Price 8350
Updated
In times like now there is no indication the market is up or down. " I can expect that the probability of going down is about 70% "
I will share with you another pattern that i always consider it as a very important indication for me.
this will be the second secret i share in this community.
First secret was about the killing point. You can see it in my last posts
Can you see the left Movement triangle that has just broken ?
I can expect that the right side will form the same pattern and the triangle from left will be reflected in the right side.
The problem is that, it will take the upper triangle and move up to 9.1K then 10K or will move down to 7.3K then 6.4k ?
For me i have added @ 8200 and 7950 as per my last post and i will get out @ the mentioned critical time "or before it by one or two hours"
the problem is about the common Area between the 2 triangles, you couldn't define it will go up or down until you see a specific pattern.
So after the price enter the common area we have to monitor the price behavior,
If price is going in the up triangle then we are going to 10Ks
If price is going down in the down triangle then we are going to 6.4K
the problem if the price will go from the middle zone then you couldn't know the behavior until you make another analysis, but most probably it will fluctuate between 7300 and 9120 until it breaks up or down.
_______________________
In conclusion, I will close my positions at the critical time and watch the pattern and decide the direction before and at 28/5.
Till now i'm neutral and i have to watch the price closely in next days.
Stay tuned for updates
_______________________
Questions are welcome
I will share with you another pattern that i always consider it as a very important indication for me.
this will be the second secret i share in this community.
First secret was about the killing point. You can see it in my last posts
Can you see the left Movement triangle that has just broken ?
I can expect that the right side will form the same pattern and the triangle from left will be reflected in the right side.
The problem is that, it will take the upper triangle and move up to 9.1K then 10K or will move down to 7.3K then 6.4k ?
For me i have added @ 8200 and 7950 as per my last post and i will get out @ the mentioned critical time "or before it by one or two hours"
the problem is about the common Area between the 2 triangles, you couldn't define it will go up or down until you see a specific pattern.
So after the price enter the common area we have to monitor the price behavior,
If price is going in the up triangle then we are going to 10Ks
If price is going down in the down triangle then we are going to 6.4K
the problem if the price will go from the middle zone then you couldn't know the behavior until you make another analysis, but most probably it will fluctuate between 7300 and 9120 until it breaks up or down.
_______________________
In conclusion, I will close my positions at the critical time and watch the pattern and decide the direction before and at 28/5.
Till now i'm neutral and i have to watch the price closely in next days.
Stay tuned for updates
_______________________
Questions are welcome
Note
I have sold now @ 8500Note
And the strong movement happened in the specified critical time and it went to the predefined zone. I have sold @ 8500 because i'm trading in a down trend. So i will put my next buy order @ 8300Note
For who is asking about updates, We have sold @8500, Now price dropped in the common zone. If you have sold from your core holdings you may need to add some here. But if you are going to open a new position, just wait until we get a signal for up or down.Note
I'm neutral till 25/5, After that we can say it's up or down or still moving side wayNote
BTC Update:now we are at a very critical level 7300, If price would go up from here we may see 7900~8200 zone before going to 6400.
But if 7300 broken then there are 2 scenarios
1st Scenario is a reflection from 6870 and the trend at this case may be another up trend with open targets.
2nd Scenario is breaking 6870 and this case would lead us to targets less than 6400.
Trade closed: target reached
this is the update
Note
By the way , this chart is still active and the price is moving insideNote
this is the last update
Note
Down triangle has been broken which mean that the trend now is going to be up at least till 5th june. I will update the chart soon
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