BTC Prj. 2019, P02E07, Another pause, accumulate, breakout!!
Updated
Today, I experienced the Whales in action on Binance.
They prevented the dump from 12800 by placing 3 separate large orders from 8 Million and above.
One can assume they want the price to still go higher in order to take a larger portion of the inexperienced and FOMO crowd $$
Hence shorts makes sense.
In addition, the Whale guy reported large BTC movement, presumably to Exchanges walelts ( a few days ago)
Its tuff to confirm the chart formation taking place but it makes sense as the spike in volume correspond to those points of contact for the Ascending triangle.
Coupled with the very bullish trend of the last few days, etc, it would be safe to say we are gearing up for another breakout to the upside.
If we end up going through the 13400 range easily, then who is to know when the large correction will take place.
The bull market is in but where is this major correction going to take place?
Next target above that is 15400 - 1600.
Enjoy and please "like".
SS / Cryptoprospa
A better (less squashed) chart
Other means to finding the fib levels \ resistances >
Note the price ranges on the fib. extensions > 13330 - 13550
They prevented the dump from 12800 by placing 3 separate large orders from 8 Million and above.
One can assume they want the price to still go higher in order to take a larger portion of the inexperienced and FOMO crowd $$
Hence shorts makes sense.
In addition, the Whale guy reported large BTC movement, presumably to Exchanges walelts ( a few days ago)
Its tuff to confirm the chart formation taking place but it makes sense as the spike in volume correspond to those points of contact for the Ascending triangle.
Coupled with the very bullish trend of the last few days, etc, it would be safe to say we are gearing up for another breakout to the upside.
If we end up going through the 13400 range easily, then who is to know when the large correction will take place.
The bull market is in but where is this major correction going to take place?
Next target above that is 15400 - 1600.
Enjoy and please "like".
SS / Cryptoprospa
A better (less squashed) chart
Other means to finding the fib levels \ resistances >
Note the price ranges on the fib. extensions > 13330 - 13550
Note
The next stage is to make quick money.Note
Working towards this theory... give or take some adjustments (when to buy and sell boundaries), will be clearer as it progressesNote
Note
Look for the volume as well when to enter. The RSI can also help.Trade closed: target reached
Scrap the above. I will place another post based on the 14K scenario in Oct. 2017. Very similar patterns, post a 23% dump. We just had a 15% dump.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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