if BTC drops the first place for a possible bounce is 6656.
if BTC drops the first place for a possible bounce is 6656.
if that fails then 6560 will attempt a bounce ,
if BTC moves lower than 6560 then a last good spot for a bounce will be 6347.
if that fails then 6560 will attempt a bounce ,
if BTC moves lower than 6560 then a last good spot for a bounce will be 6347.
Comment:
dropping like its hot ....
Comment:
the pattern above is also also reversal pump and dump pattern cleverly disguised,
with 3 markers at 6656 , 6560 and 6347. .
The maximum possible height for this drop is from the bottom of the first yellow arrow on the right to the top of that arrow - subtract this distance from the *body" of the tallest candle and the maximum falling distance possible for this drop is around 63xx.
with 3 markers at 6656 , 6560 and 6347. .
The maximum possible height for this drop is from the bottom of the first yellow arrow on the right to the top of that arrow - subtract this distance from the *body" of the tallest candle and the maximum falling distance possible for this drop is around 63xx.
Comment:
this also makes the minimum distance for this pattern is 665x.
Comment:
this pattern is also a BARR . A setup for a pump and dump reversal ....
Comment:
On bitstamp
Comment:
stoploss exit this fella at 63xx
,,,just in case hes taking
an alternate path down to the 58xx zone
,,,just in case hes taking
an alternate path down to the 58xx zone
Comment:
follow the pink line and this looks like its just a retest bounce ...Down.
