Bincoti_trade

Bincoti_trade

of course this drop may not over but i can see its making support this area. but if we lose we likely see below 90k. so if we make support here i think 1st case can be consolidation in triangular pattern. 2nd case would be consolidate 535 abc waves. lets see if nasdaq will find support today or not.

Bincoti_trade

we just hit sfp to signaling potential top.. prob if we dont make good support at some area around 97000 we can see huge drop to the bottom. more like we can have 535 pattern for the wave C lets see if it can meet support.

Bincoti_trade

so it was clear now that the previous chart was consolidation chart with no regular pattern. unless we break 94k areal or 93k. we are in bullrun. I guess untill we see trump in white house we can think we are still in bullrun. I see a lot of good news with xrp for stable coin on it. and i think eth should pump up more. i was thinking to not post more for short...

Bincoti_trade

if btc doesnt break lower than 94k this can happen, we havent seen altcoin hitting ath. like eth and small cap coins. then we may see them pumping while btc is slowly going up. this happens when there was strong trend. even with big wicks to 90k we still at 95k area then, we are waiting for real alt season and btc is not gonna go down any more. i think we need to...

Bincoti_trade

normally wick candle comes out when market is strong. but it can also be turning trending signals. i mean it was pretty strong bullrun, so there can be a little chance we can go back to bullrun. but if you see altcoins losing power also and some memecoin is going up then.. its likely to lose some power there. the question is where should we long.. if you dont want...

Bincoti_trade

in case we dont break 102000 area to 104000 with strong bullish move. we made stay in range over the weekend. since it was quick drop and if i count it as wave C then its too short term. then what we can see is triangular pattern forming again.. yes again.. and discard this analysis if it breaks above and support that area.

Bincoti_trade

in case it was triggering sl orders to reach 90000 level. and if we assume it was wave C from expanding consolidation pattern.. and upward wave 2 is strong consolidation.. then this can happen.. but its hard to long tbh.. i would be just long with low leverage in case it goes down more then i will add more position.

Bincoti_trade

so after breaking psychological level like 100k this always happens.. now what we can guess is that since it dropped real hard. this can be wave C but with longer 3 and short of 5. thats why i put c above the low level. if we can support around 92000 is good but if we cant support well.. this way we may see going down around 85000. or if we count this as starting...

Bincoti_trade

we may see 5th wave failure and it maybe goes down rapidly.. so please watch market closely. because if we fail to defend 100k then we will be broken psycological level.

Bincoti_trade

we failed to break down below 94600 and bounce back was pretty strong.. now the only thing we left is to go up above 120k unless it dumps at 101k. but this moves are so strong that i dont think we will stop any time soon. so we will see some strong bull rally in btc while altcoins are losing momentum. rally seems to started and ending around january..

Bincoti_trade

we failed to break down below 94600 and bounce back was pretty strong.. now the only thing we left is to go up above 120k unless it dumps at 101k. but this moves are so strong that i dont think we will stop any time soon. so we will see some strong bull rally in btc while altcoins are losing momentum. rally seems to started and ending around january..

Bincoti_trade

we must watch what happen when eth pump finishes. and if btc start dumping and not following eth. thats the signal for big drops. so watch eth vs btc or eth/btc pairs. there is the key of trading. i am shoring btc and long eth to make it balance of 2:1 ratio to make it even. but going to close eth if btc start dumping. eth likely pump back up to high position so...

Bincoti_trade

then this can be the case that we are going to consolidate side way and i would look for ETH to surge and then depends on how it plays out btc can go up or down. but my previous target for btc was 120k.. so lets see where it bring us. we need to see how it moves at the end of this triangular pattern.

Bincoti_trade

He declared material law and then after a few hours majority party members disagree to remove the order. so this dumped caused by Korean market btc dip 30k in an hour. here is what can potentially happen. if this was just a show to buy coin cheap.. we may see not more than that low of Korean market price which was $65000 which is good. but in short term support...

Bincoti_trade

He declared material law and then after a few hours majority party members disagree to remove the order. so this dumped caused by Korean market btc dip 30k in an hour. here is what can potentially happen. if this was just a show to buy coin cheap.. we may see not more than that low of Korean market price which was $65000 which is good. but in short term support...

Bincoti_trade

so here I am again. I was switching around my position its because xrp sudden pump makes changes to the market atmosphere, but now i think bears are favor finally. because if we see that pump made in btc. marked orange color. that was the pump when xrp hits around 2.9 dollars. and its losing its power now. and if that major coin drops everything kinda drops all...

Bincoti_trade Updated 

I commented last analysis that i think because of xrp pumping we might see market going down. I was trying to see if it tank or not but it seems like after xrp pump we coulldnt find a way to go up for btc and eth.. now after xrp confirm its resistance btc quickly dropped.. which means even with pull back we likely see 90000 or 86000 area depends on market...

Bincoti_trade

last time i shared short case. with abc correction to 90000 or below. but up to this level its a common area where btc still can go up from here if support is made. so i am closed 50% of my short and waiting to see if momentum will be changed or not. check out this level. and also please check my previous analysis to keep plan for both of cases.