We can see in the 30m chart like we are in this sideway pattern and we can see like we're moving in this fibonacci pattern!! In the specific, BTC is moving from 0.236 to 0.786 and it touched one time 1 level and 0 level. So we're now moving to the 0.786 zone and then we would probably go down to 6700, our target zone!
This is why i really think open a short position at 0.786 so 7090 and then go down and close your position at 6750-6700. Guys remember, open a short position or any type of this position in this market is really really dangerous and sometimes a spike on the upside and downside happens and hit your stop loss and you're out. so pay attention and if you want to open a trade be really cautious!
This is all for now, have a good day guys, see you later!!
If you're making money with our analysis, support us :) ETH: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea
BTC: 193KFu1CXmwTcZWusGNv2XCUYQMkZbGevp
DENT: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea
LTC: LSYmoADYJYjp2TNQ4zrVScqm42qtM3z1he
Trade closed: target reached
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as you can see guys we've reached our levels. BTC went a bit up from our entry zone and touched the 200 ema but everything was has been calculated with perfection and if you've followed our target you have made some good profits on this short! Enjoy it!:)
This is all for now, have a good day guys, see you later!!
@Msparky, sure we will go lower than this and lower than 6300. If you see my other prediction we’re going down really hard! But this was a short trade 6700 was the target zone
divan1004
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It could be a technical rally.
Bounce upto 0.618 is very common at the downward market. I guess.
BTC has to break $7250. There's a downtrend resistance line overthere. Let's keep watching.
Thanks for your sharing.
Blockshame
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still think the same! This will be a good shot!
Ppl always say "wouldnt short right now" ... maybe they just need it going up?
For me its a clear bear market, and i think we will see lower lows soon. Stay tuned!
cryptozwerg
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I wouldn't short right now...
BusyWithCrypto
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@cryptozwerg, yes, if you’re not confident with this trade, it’s right you don’t open it. LIKE I SAID, THIS TRADE IS DANGEROUS, btc is heavily manipulated so be cautious and open a really small position. This article can be useful if you want to know how the market can go for today. Anyway we need to stay focus on the mid long term I told in my yesterday article
cryptozwerg
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@BusyWithCrypto, yep, thank you for your advice. I had my entry point at a very nice position just under 6k. However, I was greedy enough to hold up to 8k and I am pretty sure we will test 10k in the very next weeks...
BusyWithCrypto
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@cryptozwerg, sorry man but I don’t think so, I really think btc will go down. Probably it will retest 7300 but then we will new lower movements!