BTC-USD another dump is coming ?

These past few days , alts have risen crazily with at least 50% gain. Some moved very early then stall at top , then some start rising .
Before , I was very bullish to bitcoin . However, after observing alts' behavior and bitcoin's pump style. I think this might just be a temporary relief and we will go to 5.2k zone

Reason:
- Bitcoin 's pump style is not healthy one. It is bearish barking style (not the normal healthy going up style). People will be either miss or hit with the pump
- For alts, it looks like they are RUSHING to jump up. Yeah I use the word RUSH. Either people are in profit or they will be trapped for buying at top. This is not a typical healthy pump

In conclusion, if we can't hold 6.3k-6.4k we will head south which I think the chance for it is pretty high now. If we can hold, we will head north
This is the time to stay in fiat , not to buy any coins

P.S : my post is not financial advise.

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possible repeated move (circled ones)

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another sudden pump but it stops exactly at the resistance line. Right now situation still hasn't been changed. We still can't break 6840$.
on positive site , we are making a series of higher low and higher high
on negative site, momentum has gone down on 2hr RSI, chart continues on making HIGHER high but RSI continues on making LOWER high. This should alarm us

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price dropped because price on chart doesn't follow RSI as i mentioned above.
as long as we stay above 6410$, it is still a valid higher low

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ETH-USD has also made a repeated series of double top on Log chart. If this time eth can break that downtrend (during that time btc should break 6.84k), then we can feel relieved that short-term uptrend starts

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if btc drops to the rectangle box, start looking at reversal candles for a buy

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we are indecisive state now. A move should happen within next few 4hours

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i feel that we are going to drop soon. FUD articles start popping up , lol

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we are in equilibrium in 4hr. Watch out for break out, if up, it should push us to around 6850$, if down, we should go down to around 6150$. Just estimated numbers :)

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2 good news today :
1. Europe ETF exchange has started trading ENT (kind of like bond) for bitcoin and Eth today
2. Switzerland's stock exchange (SIX) announces that they are building a crypto trading platform.

so when will we moon ? lol

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if we look at alt's chart, lot of them are in (1) green TD sequential weekly. Right now I really think we have more chance to go to 7.5k before dropping down to 5.2k . However, we need to break out of the descending triangle first :)

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need to break 6640$ and hold for confirmation

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so btc has struggled at breaking up 6640$. If it drops below 6420$, we can start laddering buy between the 50-61.8%fib. Look like we have a potential Head and Shoulder now

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we have multiple spin bars on daily chart now which tell us that a break up/down will happen soon. I think next daily candle will start the action . We are in either descending or symmetric triangle depending on how the price will move. Nevertheless, i have pointed out 2 arrows to let us know when the break occurs , we will know whether it will go up or down. Chance for going down is higher but we can't exclude the up case. Target for down is still the same as the one mentioned in above comment

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we decide to break up . Chance for upcoming is 7.5k is pretty high now

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breaking 6840$ will give us a good bull move next week so we can expect 7.5k

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the mixed feeling i had mentioned before about "multiple coins are in TD candle weekly (8) and start showing green" turn out bullish one.

Trade closed manually

btc looks so bullish and is going to go up soon. So no reason for a post with Short title to continue on existing :)). I will make new post later

JackieHuynh

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JackieHuynh