UnknownUnicorn5920815
I was bearish and wrong. 2.60 target. Good to start exiting at 2.30 if this is the path. Its about to build bollinger support on weekly, if it does its off to the races.
Counting the waves from 2019 we might be ending the consolidation before starting a new trend. Unless there is a huge dump in the stock market this may be a good time to get in to ride a pump to 56k.
Print a double bottom, pump it up to previous support before capitulation
Useful to check the weekly after a drop, could continue down depending on stoch and cipher
Good price to get back in. We are confirming the move on higher time frames
If bitcoin rejects retest in a few days and plummets to 10k, shorting FIL may be a good move
Seeing the same setup forming. Gonna be interesting to see what the week brings. This breakdown targets 14k.
Gameplan in a worst case scenario, can easily be invalidated with a move above 45k
Will we simply shoot above and establish a new range? Break down last time like at 50k? Or just range our way out of this? I dont know. But seeing Barry Silbert has gone short on the SP500, and the DXY is showing signs of a reversal (???) bad stuff can be looming. However, the long/short ratio can indicate that we may simply range our way out. Such a dramatic...
Could also happen. Regardless, its floating in the air, no retests which is just what we saw during the last stay at 50k
Trying out some fractal trading. No proper retests on breakouts so i assume we will "consolidate" until we break down and retest it later.
Would hit all necessary levels, deleverage and confirm macro breakout.
The market can stay irrational longer than... etc
Either this replicates the TSLA fractal and does a bullish retest before faking out toward the downside... before absolutely rocketing up. Or we will have a classic 2017 dump to 27k for a retest of the bottom the channel we are currently in.
Institutional waves with each quarter, just an idea
Possibly a confirmation or rejection of the downward trend.
3 impulses every cycle ending up with a breakdown. Clearly upward momentum has been slowing down recently. Are we waiting to gather momentum for wave C? We have never cut through the bottom of the previous bullmarket accumulation trends. If history repeats, this would be the most likely outcome imo.