Bitcoins’s ride to $17,312.51 (A Prediction)I found Fibonacci chart to be amongst the greatest to find new reversal opportunities, When I found out the had it run sideways I immediately jumped to the Bitcoin chart to see exactly where price MACD began to drop from the ATH and began to notice the change in the pressure of the market bearing the price down after the initial first pull upward, being the healthiest Bull trend of the market we’ve seen so far. If you can recall, it was the pull up that placed us in the Cup and Handle pattern. Just like all great moves in the markets, they must reverse and Bitcoin has already made its choice a month ago. So wake tf up and eat your cereal with a side of Bitcoin because every break on the chart to the low side is a opportunity to short;)
Don’t mind my stupidity, I’m having my fun while teaching.
So the red line labeled Major trend line in the gray area will be a massive short opportunity because the break of that trend line will signify significant bearish momentum meaning we have more room to fall. On the bright side we know where to short, but how? Near each line where the price will break through, there’s gonna be significant pull back off the first and possibly even the second tap on the trend lines, so don’t go balls to the walls the minut it gets there. And just play it and see how the market act as it’s on the lines, and short when it looks like the final pull back.
If you guys want more on the previous method on how to short, ask and I’ll give you my “Half-Pullback” method which will give a better structure on how to know when it could be the final one. I’m still working on this one to get more accurate numbers out of it but the idea says enough to under stand how to trade it. If that makes sense.
Ps: I’m gonna give a price prediction on where it could move to soon so I’ll be linking that below aswell,
Happy Trading Everybody!
