Shorting stellar margin on poloniex saw a nice setup for a b to c leg in this bull trap
(now that bitcoin is headed to test 8000$ i'm expecting a lower low in many coins I am mainly buying all this panic but Stellar still has a good risk to reward ratio for shorting so i'm shorting for the next few days or so down to the bottom of its 1 wave)
Big picture this...
I see the opportunity to SELL BTCUSD
it is moving down from now to most likely 8620$ area
but right now it will trying to go a little high but NOT expect to go higher then previous high on 3H timeframe
so stay and watch
Enjoy trading
If you like please like and follow me
Thanks
I don't really know why I thought BTC had broken out, but it had appeared that the run back up was breaking out of the channel. Now I am having second thoughts, and thinking it will reverse.
It's interesting it had such a huge run back up. It'll also be interesting to see if it can stabilize and keep running or if it'll go into free fall again.
BTC has hit its peak, and is now heading down. I expect it'll get to about 5k before it finds bottom again. I don't see any reason it would make any sort of significant rebound, as there's not a whole lot that gives it value, as I have said in previous posts.
Comment below if you agree/disagree.
Because of the high volume of sales, this is the last peak we will see
After that, sales will go up
We believe that we can not go any further than this
Here is the end
The last stage!
BTC Vs USD
Stay tuned for more posts
Like And Follow
Heroic back
Just a few days ago,we had exactly predicted this route
Now we will see the signal back
We are now moving forward according to the forecasts, the capital will be lost and we will enter the correct growth area.
BTCUSD
Please follow and like to keep the chart open and update for you !
Please take a look and not much to say other than you can make up your mind, if there is anything i'm missing please do let me know, otherwise to me for my own advice im not going into a trade until it hits the lows and then im moving in on the trade, but never the less thats my thoughts---------
In my initial prediction of BTC price, I thought it would have more upswings on its long trend down. As it plummets with runs back up few and far between, I chose to revise my idea.
If you read my last post, you know I don't think there's much value to Bitcoin, primarily because there's little to nothing that gives it any real value, as well as it not really...
1. Upper resistance @ 10000
2. Current support @ 7500 (currently testing)
3. Next level of support @ 5500-6000
4. 8-day EMA has been dynamic resistance level the entirety of 2018 (with the exception of a few false breaks)
5. Bullish Pin bar but...
-poor risk reward ratio
-countertrend
6. EFI is negative
7. A counter trend trade RIGHT NOW with a tight stop would...
Pivot point is 8864. Below Pivot point, we will experience a bearish scenario, above a bullish one.
BTCUSD broke the lower side of the purple triangle and dropped to 8400, closing at 9030. It is no more caged inside that violet triangle and it is free to drop further. There are only a few weak support levels and I expect a quick fall to 5511 and then a slower...
