Quinton84

Quinton84

in the smaller circle, we can see distribution as well as the start of a possible down trend. You can clearly see a disproportional amount of buying in the other circle, which may result in a small selloff. wait for down trend confirmation, or open up low leverage short with a loose stop loss.

Quinton84

we'll built support in the circled area which gave a platform for a new buyer to pump the price. But over night, that sell off tested the support. We currently are just under that failed support. If said support rejects us down further, then it's safe to say that it is new resistance.

Quinton84

Crazy times coming, great buying opportunities.

Quinton84

based on the start of a global recession and the text book inverted A&E as well as the standard A&E, we are going to a value of under $5k per bitcoin. have shorts open with low leverage so the swings don't liquidate you and be ready to buy more at prices we may never see again.

Quinton84

So let me start by saying there will be swings and spikes that us day traders use for profits so ignore those from a more macro perspective. We all know that the top financial asset holders (whales) have a more realistic understanding of where the market will be and I'm going to help you with understanding the same so you can make a rational decision about your...

Quinton84

if this can't break the stiff resistance in the next few hours at 6800 then think about shorting this down to 5800 max. keep an eye out for confirmation in the news about finalizing the relief package. it may cause a short rally to the upside but won't stick.

Quinton84

the movement is still following my projected line, but now started to flatten out. i still don't think this coming day will bring in new buyers which will cause the price to slowly bleed with the lack of trading volume. But i'm not going to open a position without an obvious indicator. It's all about the risk management. stay safe

Quinton84

hope you guys are making money on those last 4 signals, they were perfect. Let's try to make some money and find something to smile about in this dark time. Stay safe please

Quinton84

short this asap and start looking for profits at 6500 or lower

Quinton84

look for a shorting opportunity and take conservative profits at 6450 or let ride farther if you feel gutsy

Quinton84

the us government is purchasing a trillion dollars worth of debt everyday for the rest of the month. That was the reason for the Gold and BTC prices jump. watch for it again at this same time i marked. open a long if you are comfortable. If it doesn't pump within a couple hours of time marked then be prepared for a little dump.

Quinton84

so i went back over this, because i'm still waking up, and looked at it wrong. this is actually a reversal pattern indicator. i personally think a rally to test resistance in the 6800 range before dumping is a possibility, but i'm going to open a short position here.

Quinton84

If the whales don't use the price opportunity to dump, then look to open a long position in the circled area. Historically dumps are about 2-3 says after price jumps to allow order books to fill up but then again it is crypto to be careful and manage your risk.

Quinton84

This is where i think we'll be by the end of the day Monday.

Quinton84

it's either going to drop hard to couple with NYSE or gather upward momentum with new investors. I believe more liquidity is ahead.

Quinton84

noted by previous publishing the candles landed perfectly on my drawing. It's textbook short situation. Days like the past weekend aren't always easy to predict. fealt too easy, expecting the predictability to decrease this week.

Quinton84

i believe these are our support and resistance levels as well follow this channel or take a steep drop.

Quinton84

I believe we will follow this channel in the current downward trend until we hit and test our next support floor. Monday may be crazy if BTC doesn't decouple from stock market patterns,