Main trend on BTC Futures is down. Expecting short term pullback to downtrend resistance line and than they will short us again... And they will try to short it on each resistance.
RSI bottomed to get another bearish momentum MACD bearish
I respectfully agree with the idea, disagree with upward correction targets. But I know you don't use strict Elliott waves ;)
If this rebound is a bulltrap (which it most likely is in terms of probabilities, I agree, even if we must prepare for a potential bear trap), then I doubt we will see higher than 10k, which is your A wave.
Otherwise, wave 4 of the downward last wave would step on the wave 1. This is not uncommon in crypto's, but still risky business
ArShevelev
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@Nidalas, Okay I agree with you, they could hit short on 9400 price level
CraigCurtin
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If this is such an obvious move which idiot is selling them the short contracts ? Why would they tie up two lots of capital - one on the short contract at 44% margin and then the 2nd one in selling BTC to keep the price down ??
RotiWokeman
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I think these shorts will get squeezed eventually.
b2020d
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do you think if manipulators will play with BTC for a long time, eventually altcoins will separate themselves from BTC? for instance EOS did really good yesterday, against BTC and USD.
I respectfully agree with the idea, disagree with upward correction targets. But I know you don't use strict Elliott waves ;)
If this rebound is a bulltrap (which it most likely is in terms of probabilities, I agree, even if we must prepare for a potential bear trap), then I doubt we will see higher than 10k, which is your A wave.
Otherwise, wave 4 of the downward last wave would step on the wave 1. This is not uncommon in crypto's, but still risky business