Im thinking accumulation. My thoughts are highlighted in the chart.
Okay this is what I got for now. As from my chart analysis, I see that Bitcoin has been making 45-50% drops after every local top, 20k included. From our recent local top, approx 10k, we are hovering at 6600-6700 at this moment. If we were to predict more blood here, the 45% drop avg. would bring us to 5500-5600ish which lines up with another historic support...
Posted most of my notes in chart. Key Notes: -Stoch reaching critical point -H&S almost complete -Big gap between 7100-7800, little support there. Major Support is 7850-7900, this level needs to hold. Has been tested a few times already. www.bitmex.com
I've described my bearish Idea on the chart. 12H H&S almost complete. 7850 support needs to hold. Stoch RSI coming to a critical point. Feeling more bearish than bull. www.bitmex.com
Very simple but very powerful.. Stoch completely oversold and trending down. Look at my chart comparisons. Original Short Entry 8300. Closed 1/3 at 7750-7800. Looking for more downside in the next days. www.bitmex.com whaleclub.co
Looking for a Bitcoin Pullback here. Im short at @ 8300. www.bitmex.com
Description is on chart. Next big target is 7.2-7.3k
Not ready for accumulation yet. Areas marked, still bearish.