As posted on the previous idea we are ranging in a tight range. as per history price can retrace back to 6377 since every pump we retraced back in a ratio of 1.1. if price can consolidate in the blue zone and defend 6390 I expect we go to 6500 levels.
The past 10 days we had good scalp opportunities on bitcoin even tough many think it was a no trade zone. I played some scalping setups what was profitable.
For me we are now officially in a no trade zone.
Price is in perfect equilibrium of supply and demand. At one point one of them will have the overhand and price will spike!
So I will wait for a direction,...
My last chart was a bit of a mess, I tidied it up a bit. CND is one of my favourite tokens at the moment. I actually use the bot calls as one of the tools for my trading ideas. The calls are pretty amazing and accurate. Anyways back to the chart.
I tried to give a possible target for the CND token. As you can see I manage to isolate the fractal patterns out of the...
Volume is declining, My guess is that it won't break out of the cloud but bounce back downwards! Hope we will have a decent bounce upwards from here.
So with this idea 8700 dollar zone is a possible outcome.
I prepared my portfolio a bit It would be a nice buy opportunity to buy one of you favourite alt coins when the dip happens.
Let me know what you think of...
