Crypto vola ahead
Updated
As a result of USD devaluation speculations BTC and altcoins are currently preparing extreme moves to the upside I predict. Perhaps already reversing before this 4h close.
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Wow, did not expect such a deep pullback preceding the BTC USD devaluation rally. This should raise everyone's awareness of this strong selling pressure still present. Once USD reverses back up this kind of selling pressure combined with the sudden USD appreciation could cause an unexpected deep pullback before the next serious BTC hype. Perhaps still possible to go back down to 888 like I once predicted back in January 2019 I believe..Trade closed: stop reached
Note
Upside move is still expected (obviously) and again we have reached a new level of confirmation indicating the USD roll over of last week. As a result BTC started to rise with a more parabolic price action near the end of the week. Also in the last week I predicted a more precise series of expected events for last Friday and the coming week. The most important part of the triangle crash, where USD drops substantially, is expected around Thursday, the 26th this month. It can either be the start of the drop or the continuation of its devaluation after detachment of JPY and CAD.
Either way, it has proven time after time again how strong volatility can be this time around due to a different sequence of confluence of circumstances of UJ Seasonality's opening bell. We should all be prepared, myself included, for new levels of countertrading activity as we approach important milestones of this seasonal event.
Nevertheless is also again confirmed that sequence of events of the preamble of UJ Seasonality's opening bell has not been mutated regardless the different circumstances leading to it. This allows us to use history structure as input for predictions again this time around. For BTC this means a continuation of the parabolic curve with pullbacks when USD still appreciates more while moving away from December annual high towards July annual low. A reversal of this trend is therefore expected any time soon and may have a reflective impact on BTC and collide with current BTC reversal or expected triangle break out.
Specifically after this detailed analysis I like to express once more how important it is to practice sound risk management during these extreme volatile times. More of it I expect ahead of us and also I don't know what I don't know so please be prepared.
Happy trading!
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This pullback down is very likely a good entry for mid-long term trades.
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