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TraderCkay
Oct 17, 2020 11:02 PM

BITCOIN Capitulation DUMP incoming next week! Short

Bitcoin FuturesCME GLOBEX

Description

Rather obvious, a final shake-out for weak hands will happen in the next few days, starting monday, where the CME-exchange will close the final part of that stupid gap, the 2 different blue lines indicate the 2 levels it could go, one lower than the other, you could set them as different Take Profits, all my indicators are pointing to more downside, also the 12H stochastics are pointing down, BTC wont go up untill those point up again, this will take a few days also. and as i mentioned in the previous chart about BTC-Dominance, alts will get a ugly capitulation dump also, with a few exceptions maybe like Waves.

Comment

The 10.6k level will most likely be reached with a wick only, will be bought up very quickly imo

Comment

after rain comes sunshine, be sure to buy some spot, set limit orders

Comment

cause a new bull-run will begin and it will be one we will remember for long time to come ;-)
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