What if?? all this fud always results in a massive run days after. This is just a possible scenario and a 12k break would be confirmation for the mentioned targets
$ETC has the callisto airdrop March 5th. Noticed we are forming a symmetrical triangle here, and given a breakout, $60-70 will be the target within 10 days. The trade is only validated upon breakout of the triangle which is looking like a good possibility now. Enter upon confirmation. Breakdown of this triangle will invalidate the trade. Entering the trade now...
$BTC following its usual fractal pattern just like 2013 and 2014. Major support area with triple support sits in the 9k range with the .5 fib, 200 EMA, and prior breakout area. Looking to buy in the highlighted area around 8.9k and 9.1k with consolidation between here and 11k before we see a run to 13k. I am short term bullish, and looking for a 3-5 month...
$ETC is having an airdrop March 5th. Obviously setting up for a breakout. - trade is entered on confirmation of triangle breakout -take profit along the way -SELL BEFORE THE AIRDROP SO YOU RE NOT RACING EVERYONE TO THE BOTTOM Airdrop is March 5th, my plan is to sell by the 3rd at the latest. (look at what happened to NXT after the airdrop... dont get stuck...
We retraced over 50% from 20k, make no mistake, we are in a BEAR TREND and recovery to 20k may take MONTHS.... Currently trading ONLY to accumulate fiat and staying away from entering into new positions, anticipating a further breakdown after hitting these targets. -So option 2 from my previous chart happened, the triangle broke down and $7600 was the immediate...
Further consolidation of BTC may give us enough steam to break 14k and take us to 17k (where I will be probing a short). Current trend is neutral until we see a confirmed direction. I am however bullish because a breakdown of 10200 would have happened with Jap. exchange hack or all this USDT FUD (which btw happens every few months) no need to worry... Closer we...
CME contracts close today, hence the apparent drop in price. Trend seems fairly apparent factoring in the events/ needed consolidation Lets look at the larger trend/fundementals - thousands of companies are implementing blockchain - EVERYONE wants 8k (never happens when everyone wants it. just like the dip to 1800 earlier in the year when everyone wanted...