4hr BTCE - Bear ab=cd confirmed

BTCE:BTCUSD   Bitcoin / Dollar
373 4 5
The recent double bottom registered has been broken with the fail of the 590 lows. The break itself negated the 1hr OTE             long sweet spot (605) and now suggests a 534 target going forward. Given that there is a 4hr OTE             long sweet spot at 579, it shall be interesting to see how she acts off that level here.

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flibbr PRO
3 years ago
Pretty rare the 4 hour does go stupid in either direction unless in super strongly trending bull/bear markets from my back testing... in 'normal' (ie: not a china btc bull run) scenarios if 4 hours does go stupid it's a pretty much sure fire sell/buy imo.
would be brutal if we go down 535 again . looks like all this down movement from 635 is forced by these big omnipresent walls ... doesn't look that natural to me, more like institutions or whoever is trying to get the cheapest coins possible lol
CRInvestor PRO MagnusTradingGroup
3 years ago
consider 579 (OTE Long sweet spot) and 534 (bear ab=cd tgt) as buying opportunities....It's always darkest before the dawn...
flibbr PRO MagnusTradingGroup
3 years ago
When that whale lifted his resistance, the road to 630-640 on stamp was free running...
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