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CryptoManiac101
Jul 21, 2019 3:27 AM

BITCOIN - $8,000 OR $15,000? - CryptoManiac10 

Bitcoin / United States DollarCoinbase

Description

BTC / USD TA

Here we are looking at three possible patterns

1. Inverse head n shoulders which have formed after July 15 and has been valid thus far without any invalidations

2. Bull flag is our second possibility which is also valid at this time

3. Finally we have downward channel which would put us under $8,000 giving us a chance to buy back lower

Trade active

Trade active

Comments
mygroupcrypto
tradeactive? you have both up and down possibilities whats active?
BDG
@mygroupcrypto, I'm pretty sure one of them is going to be right and we will end up between $8000 and $15000. :)
He is providing us with 3 possibilities and he isn't committing himself to any one of them. It would have been nice to see volume on his charts because we usually need large volume on a breakout.

If it were up to me, I'd be leaning towards the downward channel. But the BTC price is so highly manipulated, we really need to get into the head of the whales to figure out the direction it is headed. Do you happen to know a good profiler that can read charts in order to find out what the whale is really up to?
mygroupcrypto
@BDG, personally im Bullish for this short term, but my point was he put the trade was active 5 minutes before my question, so was wondering which trade.
I do realise he has multiple options
BDG
@mygroupcrypto, I'd like to know too.

So Mr. CryptoManiac10, which chart are you you going to use to trade with?
CryptoManiac101
@BDG, At this time I'm more bearish than bullish. There's no bull volume to be seen anywhere.
BDG
@CryptoManiac101, so you're leaning towards the Downward Channel scenario?
CryptoManiac101
@BDG, $8,800 zone looks very good
MagdyEl-Nidany
@mygroupcrypto, i didnt get it either
pegaz
NICE CHART.GOOD WORK MEN.
CryptoManiac101
@pegaz, thank you
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