With Trump coming into office, there is a chance of a huge blow off top. This is where I would be selling.
Looking to Short 0.489, as it seems like this is Redistribution still
I've been thinking about scenarios where both Buyers and Sellers lose money the most. This is one of them. I'm making a note here as reference in the future, should this come to fruition. Preliminary Support for ETH is mid 700's, where I will be buying. Probably around 736. It would make sense here to create a Bull Flag / Inverted Head & Shoulders, as to...
Supply zone is around 104K Good chance it front runs sellers and hits the imbalance around 103.3k then drops Who knows :)
It seems likely that we are in Redistribution Phase B, with a TEST stage likely hitting the imbalance at 3456 area to take out late Shorts. Don't be surprised to see Crypto going sideways up for 1-2 weeks. Target 1 - 2970 (69k/70k ATH Retest for BTC) Target 2 - 1679 (33k for BTC) Target 3 - 375 (7.5k for BTC)
Time to wipe out all Shorts before the Crash actually happens I think
Expecting a range between 3k and 4k for a very very long time.
I think we can liquidate everyone under 3600 and hit the supply zone around 4050
Looking like a Fake inverted head and shoulders within a Bear Flag type of thing. Demand Zone around 88.3k
Hitting 99.5K (99.8K on Coinbase) and dropping seems too easy. Maybe it is the top. But I'm starting to think something like this could play out. We have a clear Buying Climax, Secondary test and Upthrust. It looks like we have a liquidity grab next between 83.2K and 76.9K. Could even go lower to 59K as per my previous idea. Let's see.
New outlook based on recent PA. I'm looking at this area, possibly a repeat of this fractal building up Distribution liquidity. I think we can go lower than many expect right now, but we will shoot back up.
Time to go back to the 1.618, where there is a Retail Trendline. Lots of liquidity to take.
Headlines are all Bullish - time to Sell! If we take a look at Ethereum, there is not much to suggest a Bull run. And so, I would say we will not reach 100K. 93.5k works well.
I'm preparing to Short Bitcoin at the 6.9 fib on Coinbase. I posted about this here: It has already been respected once. Of course, I can be wrong but not risking much here. Will re-evaluate as time moves forward.
Only 125x short so not much risk. Can break up first. But... we can go lower too... Watching 61.9k and 55.6k next
Looking at $0.108 for a buy on TRX here, and a Short on Daily close confirmation
Accumulation spotted on lower time frames Lots of selling, no more down movement Not sure if we go higher than 79.8k as its the 6.236 impulse of 25k break If break 80k I am expecting 86k, and if break, 151.2k