Expecting to go to 8600usd during next two days. Small capitulation possible before departure
Two scenarios seeing by past fractals. If we break 8000$ level -> moon. If it cannot and it follow the other fractal -> rekt until 1k. Fundamental analysis make me think more about we will break 8k$ in followings weeks/month. Psychological analysis too...
I expect the price to go to buy zone but perhaps before market makers will squeeze short positions going up. If it goes up I have a sell zone around 7k$...
Let's see how this plays out but I really think I will put a lot of my savings if we go under 5k$. (this is just what I think, not any advice...) I have just an hesitation about the moment we currently are during this bubble crash patern (see the 2 blue boxes). So I wouldn't be surprised if we pump first and then dump under 5k which would be the bottom for me......
Curently in the kumo 4h my senario is an edge to edge. I expect the bitcoin to be stable many hours/days at this level, so we can see volatility on alts and that is why I think we will see this edge to edge senario. I went long yesterday around 1300 sat. I have orders to sell it above 1600 but I could move it lower during the senario...
Here we are, BTC is up again after a red day. First step edge to edge of the kumo cloud with a resistance around 7930$, then we will have to break 8160$ to try to get 8400$ and my last target for this trade will be around 8660$.
Let's see if it is validated by breaking the pivot. Good short entry if it does
Let's see if that bearish channel takes BTC down. Good risk/reward ratio. Speculative trade low leverage that could be renforced later if we break 7800
Following my previous ideas (related links). Sign of strengh (SOS) zone just broke out I move my stop just below the new support @7250$.
As in my preview idea I am waiting for another leg up to break out the resistance and trigger my first target. Let's see what's happen!
good position to take a long now. Stop tight and you will have very good risk/reward. If it actually was the spring you are good if it was a break out (but I don't think when I see volume) you loose almost nothing. Good luck
My expectations on BTC for next hours/days. Let's see if this support resists.. Now I am waiting for signal (out of the triangle) to take a position..