ABBYSSUSDABBYSS/USD
if make new HL Prepared Buy Week 3 Sept 2022 :
Buy : 0.0197
Target : 0.0215
Stop Loss : 0.0164
Abyss
The Eye of MagnusHe who gazes into the abyss long enough, realizes that theres nothing looking back at him except that of his own character.
Watch out...We don't have parachutes but there should be a trampoline somewhere below there... (although it can hurt)
BITCOIN: BTCUSD ON the brink of the next abyssBITCOIN: BTCUSD On the Brink Right Now
Testing the first support 6425 range. Day-traders will be closing out again here, looking to see if selling power wanes
...don't think so but it could create a little counter rally from 6425-6400 , with 6400 being the exact point where the
medium term trend line stands right now - and if it does, it should get stopped by the parallels above it which look to be
controlling this descent now (couldn't get a grip on those yesterday, because the all-time high was screwing up any
symmetry in the chart)...it's breaking now right on to the long term trend line at 6400 now...it's really thinking about it
here, looking down and trying to hold up...but no one's buying are they? It's just selling has stopped here, understandably -
itFailure here will seal the next stage in Bitcoin's descent - It should fall away to 6312 at least, make a feeble bounce
maybe and then fall away further to at least 6165, and then 5997...last gasp support here at 6000 so it should try to pull
back from the precipice for a while, and make some kind of getaway here...if this then fails Bitcoin will start to fall in a
near straight line back to 5121-4973 range.
It's extremely weak whilst trapped within the parallels that
are bossing this wave now. Any return to the upper parallel should be viewed as another selling opportunity for now until
downside targets are achieved. More as this move develops.
