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KarimSubhieh
Jul 8, 2018 12:47 PM

Bitcoin followup (Uptrendchannel) (4H) 

Bitcoin / DollarBitfinex

Description

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

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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.

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Looks like we found the bearish opposite.. but in a negative way
Comments
ChalifStorch
by the timeframe of the bearish opposite... interesting concept
KarimSubhieh
@ChalifStorch, thank you!
Claveur
I have the same view like yours, people in the group are bears, let wait and see....
KarimSubhieh
@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.
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