Big drop on Bitcoin in the next 3 days Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Feb 2, 2019 7:05 PM

Pattern: Descending Channel with trigger Lower Highs.

Signal: Short near the next Lower High (marked by the Channel Up).

Target: 3170 (1% added on ever Lower High drop).

Harmonic Patterns Wave Analysis Bitcoin (Cryptocurrency)BTCUSD btcshort bitcoinshort cryptos cryptosignals

Comments

AlanSantana

⋅ Feb 3, 2019 12:00 AM

Bitcoin goes in favor of the bulls (WIN)

PatienceIsParamount

⋅ Feb 3, 2019 2:27 AM

Boon2

⋅ Feb 4, 2019 10:31 AM

BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.

BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.

milanjelic

⋅ Feb 3, 2019 4:56 PM

Bulldragon

⋅ Feb 3, 2019 12:09 PM

i agree on this idea

Watch out for another bart down!

GettingAnotherMillion

⋅ Feb 3, 2019 8:40 AM

Kind of agree TradingShot. Good job

mbc47

⋅ Feb 3, 2019 5:44 AM

Good observation. I have called this possibility superdump for the superball

mbc47

⋅ Feb 3, 2019 5:56 AM

Here is my strategy:
- setup long for 3200; the dump will happen 3-5 AM for US
- wake up early the next 4-5 days and watch like a hawk (I may fail thin one)
- if we see a big wick up that is good sign, but we need to see price jumping above 200 MA, and 200 EMA

If we got stopped by 200 MA on Weekly on the way up - Oh my..BTC goes Downnn, like 2xxx or 1xxx - then we take our time, and you look for divergence
We need to build up a momentum to break up, not going to be easy in this case