I have just noticed this pattern as of now. Looks like we are in a falling wedge pattern, 48k could be our support. If this level holds on the daily tf, and going sideways just like the pattern image provided in the chart - we will be breaking out. Careful shorting the support, never. Watch it play out first.
Last chance to get out of your bags on the retrace to around 67500. From there we are going to break 62k and doing what is called a jump over the creek that will take us down to around 52k. ATM, we have a quick play for longs in the 1hr timeframe. Wait for the macd to get smaller an light red and making a cross before longing to 67500 range.
After watching the price action I am seeing a bump and run or pump and dump incoming. This could happen during the economic news tonight. YOu can long the pump and get out at around 69400 range then wait for the resistance to play out and ready to short it back down as the trend continue.
Get in on the short on the bounce incoming. You can hold this position to 52k then 48k.
The wick down we just have has confirmed the Spring phase. THE Test is coming so be ready to add shorts position to enjoy the BEAR rally.
We are in the distribution or consolidation if chart is flipped. Expect sideways for some time in the 1hr timeframe - 2-3 days. We can expect a move down based on the macd and rsi. Or falling wedge pattern.
Just updating the Spring/Test phase. Likely we are doing the Spring on the new day, then bounce and test the trendline before making a reversal back to 62k range.
The Spring/Test is about to complete. We will be seeing 52k over the 1-2 weeks. Then consolidate around this range before making new lows at 48-39k.
Just an update on my reaccumulation phase. We are at the TEST phase, watch video for confimration.
I have been discussing about my reaccumulation phase with my flipped chart. We are now at the TEST phase around 68k, the will be finding resistance here and make a retrace all the way back to 62k then slowly climb to perform Jump over the CREEK. I am waiting for confirmation on the HR timeframe, we should see at least 4 bars and the macd to be light green to...
I see a new short entry coming up in 4 hrs as the macd starts to go light green and form a top. I will looking at the 1min timeframe in 4hrs to get in on the short. We will see 62000 and then consolidate sideways over the weekend until breakdown on a new week.
Quick short entry coming our way as mentioned in the video
BTC chart flipped in 15mins. We are forming a falling wedge or reaccunulating phase before another breakout then consolidate then another breakdown to 62k.
We be seeing at least 25% crash incoming. The distribution I have been waiting to play is now coming for the flash crash.
A quick short trade setup with tp at around 62250. Then you can long it back up to 64000. Two easy swing trades coming up :)
My new short entry will be open on the retrace as the test before heading down to 62k and consolidate over the weekend before we go and test 52k.
A quick update on a long entry to test the high at 68700 range where the Spring and Bull trap is to play out. #bitcoin
Just a possibly quick long position at play for a price back to 68700