Refer to previous analysis in links below.
As you can see USDT.D is now trying to break below the trendline that caused 3 flash crashes in a row. Will it be confirmed by the end of the day's candle or will this be a bull trap and the candle wicks back above the trendline and then a flash crash? We watch and see. Easy trade for both short and long here with stop loss that cuts off the loser and the winner runs.
Don't forget to smash that rocket like button or give me your take in the comments below.
As you can see USDT.D is now trying to break below the trendline that caused 3 flash crashes in a row. Will it be confirmed by the end of the day's candle or will this be a bull trap and the candle wicks back above the trendline and then a flash crash? We watch and see. Easy trade for both short and long here with stop loss that cuts off the loser and the winner runs.
Don't forget to smash that rocket like button or give me your take in the comments below.
Trade active
Called the breakout, then called the drop to 100k and called the move on the 20th all before they happened, days in advance.
Now all eyes on trump inauguration and will be checking charts in exactly 4 hours time and 5 & 1/2 hours time to see if move up to 112k area and break USDT blue line or sell the news event and drop to 106.4k or yellow line as major support levels to watch.
Trade closed: target reached
BTC was sell the news event and had you watched those timeframes I mentioned you would of seen this and reacted.
It went lower than expected and the trendlines on my chart hold true.
Currently BTC is testing the local green trendline and the local anchored vwap(green thin line). Also RSI line is getting tested.
Need a bounce here or BTC drops to levels on chart and we react as it gets to each one to determine if bounce is coming.
Note
BTC broke the green trendline and now we check each level on chart to see where it will bounce.
Will this be the last crash before market goes parabolic? Try wipe everyone out before move up.
Green vwap line and the blue trendline are next major levels I will watch.
Note
BTC bounced off our levels around the green vwap line which was a nice touch of the orange trendline it broke out from previously.
Now BTC is more likely to hit above green trendline and then drop, or, go up to touch purple line and form a SFP and then drop.
If the bull run is to continue I believe February must be the time it restarts the run up or bears will gain control. 4th Feb is date I would like to see market has changed trend by.
Note
Imagine calling all these BTC moves before they happen........if you follow me you would of already been short and would of got a nice profit from the biggest crash in crypto history that just happened.
Yet again, another move nailed and played out so far exactly as described in the comments.
Now we watch and see if the support levels I mentioned are held. If you exited the short at the blue line, now is a time to wait to see what will happen from here as it could be over or it could be a whipsaw move bear trap as mentioned.
I would prefer to wait this one out until I know if further downside is coming or the bull run resumes. No trade for me until next update.
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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.