BitcoinShort
I created this a while back but its playing out oddly
I made this one after the drop to 3150. I took into consideration what another ta had predicted being the bottom which he calls for 1800 or 1100-1300. So I put a bunch of fibs in and used the first capitulation bottom from the ath as the top of my fib retrace and brought it down to 1200ish.
Blah blah blah.
Really I have no idea what I did anymore because there are so many fibs. I even drew in pen on how I thought it would play out. Not right at all. Maybe if I knew how to elliot wave I'd be able to figure it out better.
What HAS surprised me is how well this is following fibs so far and how its respected the purple dotted boundaries I had set up.
All this being said, I have no idea what will happen next. Looks to be a critical period. A convincing breakout and I'll probably buy some corn and get rekt. Looks like a big drop though if it all goes to heck but the apex doesn't go to 1200 so I guess it will have to really fall out hard.
Again, I dont know squat but somehow this clusterf is working! Yay me!
This will be fun to watch. Wouldn't it be cool if I was like bitcoin rainman and didnt even know it?
Blah blah blah.
Really I have no idea what I did anymore because there are so many fibs. I even drew in pen on how I thought it would play out. Not right at all. Maybe if I knew how to elliot wave I'd be able to figure it out better.
What HAS surprised me is how well this is following fibs so far and how its respected the purple dotted boundaries I had set up.
All this being said, I have no idea what will happen next. Looks to be a critical period. A convincing breakout and I'll probably buy some corn and get rekt. Looks like a big drop though if it all goes to heck but the apex doesn't go to 1200 so I guess it will have to really fall out hard.
Again, I dont know squat but somehow this clusterf is working! Yay me!
This will be fun to watch. Wouldn't it be cool if I was like bitcoin rainman and didnt even know it?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.