heiken ashi 1d shows the fractal that is repeating itself again. if this fulfills itself a 3rd time we should see a sell off to 216-226 over the next few days and a move up until the next auction, with a peak around mar 1-5 of 24x-26x then the market will decide which way from there. chances are that it will sell off sub 200.
this chart shows previous big dumps accurately predicted. im not in a position as stamp just reopened but im looking to short above 300. ideal target is 318-322 finex and close that @ 243.
We can see long term downward trendline consistently rejecting bulls. I am currently short and i will be buying btc @ 235, 250,260.
watching this wedge for a break of trendline to enter a trade. chart explains entries and take profit.
chart explains it. im short from 370-372. if we pop out into blue zone i will close them on bounce down as were looking bullish for now.
took profit on my gbpusd short from 1.59 @ 1.56. re entered a short from 1.564 since i woke up too late to short from 1.5675
by simply drawing trend lines and fib levels we see scenarios for a BTC bottom between 250-305. however if 250 breaks we could see a bottom as low as 190-220.
Looking at channels we see a possible bottom of 250-280. i'm currently short. i will take profit around 280-305 to be safe. i recommend to lower stops down as price falls for safety.