BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
637 2 9
So, first off, I show why I took profit at 225 as per my last published chart. These consolidations are pretty key. Orders get paired here. Price is held at these levels because they are where smart money wants to accum/distribute.

Once we break down, its confirmed smart money is selling this level. So when we return to it, we expect a reaction.

Now, we just rose from 160-225 which is like i dunno 25% or something.... I think people need to take this into account. 50$ is 25% of a bitcoin             now. That is a huge move, which I think needs some retracing.

Where do we retrace too... Well, I think there are a lot of bears still out there, I think in this environment, people will FOMO bear hard given the chance. The memory of being a victorious bear is still too fresh in their mind. I expect a deep retracement.... Just to the OTE             sweet spot.

Hmm... I guess tthats it. GLGT.
Great chart and nicely drawn fibs
also my stop is way to big, i forgot to adjust it.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out