3 parallel channels are about to intersect within 72 hours and BTC could make an explosive move. My guess is that BTC will pump mercilessly to 35000-40000 liquidating all the bears.
Another massive leg down is coming either this week or next week. Short Entry - 21500 TP 1 - 16k TP 2- 12k SL - 22k
Look like BTC is forming an inverse Adam and Eve pattern. So I am expecting another leg down to 16k-12k range in the coming weeks.
BTC has formed a beautiful H&S. Waiting for break of the neckline.
Double top also confirmed at 100xx and 99xx TP1: 7700 TP2: 6800
Double bottom also confirmed. TP1: 7700 TP2: 6800
Double top confirmed. TP1 - 7700 TP2 - 6800
All indicators are now reset to take a dump. Same targets -> TP1: 7800 TP2: 7500 TP3: 6400 BTW I added more to my short position at 9075.
Less than 12 hours left for the halving. Next wave of dumping can start any time now. TP1: 7500 TP2: 6400 Buckle up your seat belts and get some popcorn before the fireworks start.
Why BTC might be going to 2k-3k range? Halving narrative was what keeping the coronavirus situation off from investor's mind. Now that the blanket of halving will be gone in 2 days, there is nothing else left to motivate investors. Soon all the bad news from stock market will take over investor's mind. Don't forget that bitcoin is the riskiest asset. When stock...
Target: 7700-7500 Happy DUMPING
Resistance tested at 9730 and now we are ready to crash. Happy DUMPING! Tip: How to predict a DUMP? When CNBC starts talking bullish about bitcoin. They posted this alert about 9 hours ago: www.youtube.com
They are coming so expect a lot of blood on the streets in the next few days.
Coronavirus Stock Market Crash + Halving (Buy the rumor, sell the news) is on the way. Get ready for a big fat dump.