Targets for the first part of the breakdown
My lands in the sand : (overlaying january fall it overlaps my resistance levels pritty well)
- ABC drop 32k, small bounce to 36k to end at 28k (wick to 25k possible to hit long term bearish trend line
From there we will probably see bulish reaction, to retest the suport line we are now on, as a resistance. I still expect a further downtrend to 22k (200mma, lower regression band)
Its sick all idea's on alt are super bulish because we got up 5%... basically we are trading sideways till fomc. 5% up, 5% down, this is not the time to trade. You will get wrecked with fomc volatility hitting stoplosses in both direction.
I never short, its agains my crypto maxi idea, but im all in cash waiting till everyone is off the boat.
- ABC drop 32k, small bounce to 36k to end at 28k (wick to 25k possible to hit long term bearish trend line
From there we will probably see bulish reaction, to retest the suport line we are now on, as a resistance. I still expect a further downtrend to 22k (200mma, lower regression band)
Its sick all idea's on alt are super bulish because we got up 5%... basically we are trading sideways till fomc. 5% up, 5% down, this is not the time to trade. You will get wrecked with fomc volatility hitting stoplosses in both direction.
I never short, its agains my crypto maxi idea, but im all in cash waiting till everyone is off the boat.
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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.