Statistically ,this drop is an amazing BUY Hi crypto traders,
Thought process:
I calculated the time between the top and drop each time the price fell more than 15% during the previous cycle. The average time was 30 days. Similarly, I did the same but from the top to new ATH with average time of almost 100 days.
Conclusions:
1. It is important to note that when the BTC price drops, it is only aprox. 1/3 of pain. We still have 2/3 of the pain on the way up with fear and uncertainty and people calling for lower prices.
2. Statistically speaking, we have already bottomed 20 days ago. Now we haver until mid-end of July to go through fearful times caused by mainstream media and youtube “influencers” (between us, they don’t provide better odds of success in trading than a flip of coin).
Previoushigh
NUAN Runs Out of Platform PatternNUAN had a strong run out of a platform and rose above the previous high’s resistance level. This was on a weak market day. PSHI is high for this stock. It has new technology coming this year.
CERN Testing Previous HighCERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.
BTCUSD 4H BULLISH BREAKOUT OR BEARISH FAILUREBTCUSD 4H is in a range
Price at top of range
Range top @ 7156.6
Long Trade
Watch for a Bullish breakout
Entry long on 15m chart with a break-hook-go pattern
Previous high @ 8287 will be Take Profit area
Short Trade
Range top breakout failed
Price fell back into range
Range bottom @ 6009.6
Range bottom will be Take Profit area
Our pulse system is bullish so all we do now is wait for bullish breakout or bearish failure confirmation
This is our Strike Trader Elite Trading Strategy available on Tradingview now.
Any questions for us please PM us.