Just an idea, you guys love patterns.... so here it is. Sideways to Down til Friday, then it will pump again.
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My previous idea, was a Nice proffit if you guys fallowed it. This masterpice... mybe you remmember back in july.
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Golds major bottom in 2016... dont know if similar Plays out.
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So far so good. I will see if its drops in the weekend, so i can get a levraged position up to 10k. The Pump groups favorite move is to manipulate in the weekends, while most people are doing other stuff.
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TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOONNN!!!!!!!!!!!!!!!!!!!!!! lol
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Well.... lets see what happens. The pattern is woring. Usally it is verry explosive.
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Dont usally get the cross of the oscilator in the weekly to often but it happend. Its a lagging indicator but long term it is not something i bet against...
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Trendline break, Our target is 8400.
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Based on the cup and handle breakout of the handle. Long term target should be the march high of 12000.
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First target almost reached.
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Shorts are getting killed..... its a massacre..... calle the ambulanse.
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Its stretched above the avrages, need to og sideways to Down, before it continues. Bears will probally short again and get rektd, i belive bears will have this nightmare in their dreams for a long time now.
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If this holds until NeXT week, we just got a swing in the monthly chart. That means the yearly cycle low??? If thats the case, get you FOMO Sneakers on quickly.....
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Delevraged my position at 8300. Sentiment is turning bullish again. And i dont like to think like the sheeps, soon bitcoin will be in the news, and majority of traders on tradingview will post crazy bullish analysis. I am acctuly looking for a short this week if i find a good entry.
This trade has been good, and reached my target of 0.6 fib retracment. Thanks for fallowing.
So far it did what we said.
- Bots wanted price up in the weekend
- Sellers are trying but bulls are buying agressive
- The cup and handle is in play
If it breaks the trendline, it will be a major move??
Stil long but moved my stop to 7000, if it breaks that i will reconsider the bullish case.