I hope I'm wrong Don't like to see btc bleeding this much.
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let's see if we hit our low mark today of 7.5k and if we will end up at 6.5k
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We are reaching the bottom but no signs of recover.
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So yes. We hit the bottom and what is next? Next is a possible 7.4 - 7.5k rally but we have no volume so I am very bearish on that possibility. I will add more shorts at that price level if we get there if not I will just keep my shorts as they are now. No updates will be given any time soon, as you can see these predictions arent for a day or two but for a few weeks. See you soon enjoy making money. :)
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Based on last price movements we have a possible next stop at 5.8k. now trade with caution this price levels are not safe really
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I should have probably uploaded this picture from 3 days ago when I made it. My bad but here we are almost to the dot again. :)
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Lot of people are questioning where the pump came from. I am as well. I was expecting a 7.5-7.6k top but 8k wans even in my wet dreams. And yes I got in trouble having shorts filled at 7250. I’m not going to pretend I had it all figure it out because I don’t. Lot of people now are saying this is the ended of the bear cycle but for me this just confirms a continuation of down. I could be wrong again but I will short it till I can see a clear reversal which I haven’t seen it yet. One day if losses against two weeks of gains can even out fairly good. Have fun and be careful, btc can snap at any time. :)
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Nothing major to say about btc. My shorts still active. Adding more shorts at 8.4k if we get there. My stop loss is at $8550 that will put me at a 10% leverage trade sl which I’m more than happy to do. See you in a few weeks or when updates are needed. :)
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Let the pictures talk for themselves. Not many comments other that we are testing the resistance. I am getting ready for a long hold. :)
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hmmm well we will see how it plays we have some bullish runs but also some hard stops
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We back to square one. The line in the chart should still act like a good support. 7.6-7.5k (still think we will test the weekly support at 4.8k or somewhere around it. Daily true support at 5.8 still since December 2017) some people are upset by the happy face lol. Trust me there are more studies behind this chart than the ten top TAs together. And no I’m not a bear in heart as many say. I have some long forex positions lol. :) for those asking about leverage trading, the answer is no. I am not leverage trading at the moment but I will get some long when the time calls for it. Happy trading.
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Hmmmm. 5.8k around the corner. Still like that smiley face. :)
How far do you see this latest charge up lasting? Are we still visiting sub 6k in your opinion?
Ecua_Trader
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@EddieSteel, I think to 7.6k highest then down again to possible below 6k. not in one shoot but couple of days or maybe a week even more. dont have time for this developments.
golemcan
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@ChartsOnTime, After reaching 6k or 5.8k, do you think a definite market reversal is on its way?
How do you mean based on last price movements we're gonna hit 5.8k?
Ecua_Trader
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@alexcph, yes maybe today tomorrow next week but seems to me we are heading that way. just judge but the chart lol havent missed by much have I? Again im not recommending you to do anything other than trade with extreme caution
alexcph
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@ChartsOnTime, I mean I just wanted to know how you came to the conclusion :) But yea, I usually put weight onn your charts than a lot of other traders.
Ecua_Trader
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@alexcph, Thank you. This price level if the liquidation zone. If you are a margin trader know what that means. I am actually expecting for a bullish push just dont have a confirmation yet. Till then I am shorting btc.