The price point indicated in red(resistance) is the max price i think we could see in this fake out. I have to confess, i had second thoughts regarding btc going to 6800 range again after getting stuck in the chop zone for 3 days, and as it appeared to be partially breaking down of the rising wedge already. Hence, i had to lower the entry zone for shorts. Guess what happens next, btc goes onto meet our previously identified entry for shorts. Good thing to observe is, we're still poised to go downtrend, that's exactly what this chart highlights. If my assessment is correct, btc can not go above 6926 in this pump; but what would immediately follow is a significant dump, that could see btc possibly making new lows. The price points indicated in green on the right side of the chart are tp zones.
Comment:
Good idea would be to take a 5-10x short from ~6750-6800 range, and take profits at the price points indicated in green in the above chart.
Comment:
Woohoo!
We dropped from 6833. Congratulations to all those who followed.
We dropped from 6833. Congratulations to all those who followed.
