The most serious scenario of Bitcoin

Updated

Today, could not beat the red resistance line which is Inverse H&S neckline.
If could not be supported at the two green support line, we should consider the most serious scenario.
This idea shows the ideal bat pattern.

I hope this analysis would be wrong but we should consider various strategies for some scenarios.

Note

In fact, it is the worst case I can imagine.
I think Bitcoin will be just walking sideways between 10400 ~ 11700.
However, if there are dead crosses in MACD and Stochastic, we should be careful to trade Bitcoin.

If Bitcoin walks sideways, it is best to trade alt coins which values are too low.
I enter some alt coins such as Ripple, ADA, and so on.
Just sit back and watch what happens!
Bitcoin is still alive!

Note

Now we need to consider this scenario if in few days Bitcoin breaks 9200.

Note

Now this scenario is open.
However, the drop rate of most alt coin is really big.
That means it could be a great deal to buy major alt coin cheaply.

If you are short trader, this is not good time to trade.
If you are long term trader, divided buy is a good strategy.

hhhhong

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