Update supports for Bitcoin
* Shorts positions weak - good point to start new drop for makers
* Longs start increase and may be liquidated in some moment
* We still have only 2 impulse wave (need 3)
* 3540 and 3000 coming
One thing you need to know
* This space is not regulated
* Big players like exchanges and huge funds can make any game with you because they have unlimited time and money
* Price can drop on any level (above 3000 or under 3000 or going up now) - you cant predict it, only control
* One thing that game will play not like most people think (need to think about it)
* Indicators mean nothing (we already underground), watch price action and volume
Overview of Crypto Cap (not on this chart)
* Current level 134B
* Level with big support is 106-110B around
* Its around 20% fall for all market and can be more in peak moment
* Shorts positions weak - good point to start new drop for makers
* Longs start increase and may be liquidated in some moment
* We still have only 2 impulse wave (need 3)
* 3540 and 3000 coming
One thing you need to know
* This space is not regulated
* Big players like exchanges and huge funds can make any game with you because they have unlimited time and money
* Price can drop on any level (above 3000 or under 3000 or going up now) - you cant predict it, only control
* One thing that game will play not like most people think (need to think about it)
* Indicators mean nothing (we already underground), watch price action and volume
Overview of Crypto Cap (not on this chart)
* Current level 134B
* Level with big support is 106-110B around
* Its around 20% fall for all market and can be more in peak moment
Note
1W MA 200 can create some support at 3200 around.If all people want to see 3k - it means that more probably price reversal above 3k or going with huge sell off (to liquidated 3k longs).
Note
Market cant go down by direct line. The reasons why this trap needs?* Involve greed people to buy, becase in moment of fall they provide liquidity for sell positions
* Cut off some shorts to go more deeper
* To prove the trend reversal we need to see huge sell off or full bar to 4700 around
Note
Can create fakeout of trendline, but bearish divergence already here.
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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.
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.