XBT BREAKDOWN - 23/10/18
Following my most recent intra-day update for priority members, I stated that we should expect to short around 4400$ and if you did exactly that then you are laughing now - remember, I held up this short for quite a while.
Now, in line with my most recent finex update, I stated that finex should drop to 4200$ and now its currently at 4300$. This call was given when BTC on finex was at 4400$ there. PLEASE EXPECT XBT TO TEST 4000$-4040$ ON THIS INSTANCE BEFORE FINDING SUPPORT HERE AND BEING STUCK IN A RANGE BETWEEN 4400-4040$. DURING THIS TIME YOU CAN EXPECT FINEX TO ALSO BE STUCK IN A RANGE BETWEEN 4400$ AND 4720$.
As you can see we have divergence on both momentum indicators on our chart.
RSI/ROC showing that we should expect a upward spike following a long squeeze to the downside.
RSI - RSI ON THE 4 HOURLY showing that we are at a resistance and that we should be stuck in some sort of price range before a move down too.
Priority members should have taken this trade early, so I won’t mention stop loss for now but per usual if you do want to use stop loss then please just ensure its at a previous ceiling.
if we do break below 4040-4k then please expect a very swift drop to 3,333$ for MEX.
Now, in line with my most recent finex update, I stated that finex should drop to 4200$ and now its currently at 4300$. This call was given when BTC on finex was at 4400$ there. PLEASE EXPECT XBT TO TEST 4000$-4040$ ON THIS INSTANCE BEFORE FINDING SUPPORT HERE AND BEING STUCK IN A RANGE BETWEEN 4400-4040$. DURING THIS TIME YOU CAN EXPECT FINEX TO ALSO BE STUCK IN A RANGE BETWEEN 4400$ AND 4720$.
As you can see we have divergence on both momentum indicators on our chart.
RSI/ROC showing that we should expect a upward spike following a long squeeze to the downside.
RSI - RSI ON THE 4 HOURLY showing that we are at a resistance and that we should be stuck in some sort of price range before a move down too.
Priority members should have taken this trade early, so I won’t mention stop loss for now but per usual if you do want to use stop loss then please just ensure its at a previous ceiling.
if we do break below 4040-4k then please expect a very swift drop to 3,333$ for MEX.
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