KamiCapitalTA

Bitcoin followup (Uptrendchannel) (4H)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello guys,




In this post I'll suggest the next pump by the timeframe of the bearish opposite. In the exact same duration of 3D & 8H we would squeeze to the major Bull uprtrend support. Thats the point where I think the price action will happen. T1 would be 7149. Fingers crossed.


What do you think?

Cheers

Kashmirpuma









Im no financial advisor yo make your own research.
Comment: we~re on track
Comment: little dump to our channel line. looks more like a setup
Trade active: If you take a closer look at the bearish opposite you will see a bear trap. I have the feel this is a smaller version of a bear trap. Bear traps get often used before pumping the price to liquidate longs & give sellers the illusion of confidence.
Trade closed manually: Looks like we found the bearish opposite.. but in a negative way

Comments

by the timeframe of the bearish opposite... interesting concept
+1 Reply
KamiCapitalTA ChalifStorch
@ChalifStorch, thank you!
Reply
I have the same view like yours, people in the group are bears, let wait and see....
+1 Reply
@Claveur, thanks very much! Yes I think its better to let these bearish talks out and focus on my own research. Wish you best of success.
Reply
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