Here we look at key trend support and resistance lines in an attempt to envision what upcoming weeks will hold for crypto market. Chart is self explanatory with Short Sale Structure pattern provided below at which we looked at extensively.
BITCOIN 'SHORT-SALE STRUCTURE'
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Up to this point we see clear follow through with our Short-Sale Structure pattern which we're looking at. Strictly based off odds, we would be looking at 90% chance of flash dump or drop towards supports.
Nevertheless we should keep in mind that this is crypto and we may get an upward action moving into next week, but I do not see any clear trade set up that can be taken at this point
Again, there is no such pattern as a “short-sale structure.”
Yesterday’s post of your “structure” you stated $3,400-3,550. Now today it magically is $3,600 as the low.
bigshot127
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It’s simple. Look at the Stochastic RSI today on the weekly chart and compare it with January 2018 and you will know where BTC is headed.
kekekoolen
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short sale structure ? Do you have any educational or explanatory links? Maybe I`m googling wrong xD
Coinamic
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I called the resistance in ETh that dropped the price to current levels. BTC is printing the same pattern, under EW theory, we can´t breakout.