How long this game could go on VOLUME 2? Weekly prediction1

Black line was the previous prediction which turned out to be very accurate.Green line is my new prediction for Btc.This prediction based on indicators (volume,macd,and rsi) and overlays bollinger bands,ema(50,200) and overall market behaviors past 5 months. If they set one or 2 bull traps, there is slight possibility (%20) that this chart could follow red arrow which means we are looking for mid 6000 usd range (couple green candles on daily charts) otherwise this should stay on track.

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First tactical bull trap expected today's candle between 8150-8300 range(could not draw the line well).Then following sharp drop to sub 7500 level(may take a day or two). Unlikely scenario If there is no set bull trap on today's candle there will be one withing a day or two.

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Bitcoins possible plan has changed slightly.Forcefully reaching 8500 level without real volume brought two new possibilities.
1. reaching 8700-9000 level first then extreme drop to sub 7k levels within short period of time.
2. dropping down to sub 7500 fast and trapping traders into trade. As soon as 8100 level get broken again things can get ugly.

Whales no longer friendly. They are creating complicated situations to take traders money.
Be extra careful. Short positions are possible but still to risky.

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You probably noticed double bottom shape on btc chart. Price is going up right? Again this is another bull trap and 3rd one since I have posted this btc idea. Whales looking for more blood. Do not get trapped in!! This can not be bottom.We got at least one ore possibly two downward movement on daily chart. If they set two medium to large sized green candle on daily chart we are definitely going below 7g otherwise 7g idea stands correct for now(First green candle happening as we speak). If you are keen on getting into trade now make sure to keep close eye on the charts(only for short positions(high risk ratio))
Good luck traders :) Almost at the bottom little bit more patience will fill your pockets..

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This sudden drop was good for Btc. They did not extend bull trap. We may have been very close or at the reversal point unless there are more bull traps. This is not a buying advice!! I personally opened short position at 7300(maybe could change my mind into long).

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Bch and Eos also looking hot. Opened small short positions on both as well.

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After time of this call Bch went up over 11% , eos over 21% and btc gained 3.5% . My short positions still open for now.

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I have closed my positions of btc at @7630 and other alts just to be safe at this point. This price could push up but i think whales will try to push down one more time. this is just my gut feeling.

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speaking of witch they just push down woow lol :) I don't even have the crystal ball...

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Did open short position@ 7400 very risky one. No pain no gain. Selling pressure seems down again.

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Now waiting this wave out seems best option here.Good place to buy should be 6950-7150 and catch the next bounce up(possibly not the last downwards wave) .However unlikely but possible to see wave up to 7450-7600range(it is actually bad news.It may mean that we could come down to mid 6g levels). Again this is not buying advice. I am sharing my personal strategy to make some money in bear market. Seems to be working like a charm so far.

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Expecting one tactical short squeeze up exactly in an hour. Another bull trap :

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I guess whales didn't play their usual dirty game. Unless we go up to some extend bottom is limited for now. If Btc goes down further in daily candle I will be looking for entry point,If it goes up I will wait.

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Hopefully you found a good entry point before this bounce. Now most Ta's calling this would go up to $8000 level. However as I was mentioning earlier about 7450-7600 wave up happened at this level this did put us near 40 rsi poins for daily chart so far. We still got 5.30 hours before daily candle closing time.If daily candle closes at this level, this gives us 3 possible options. First option we may go up a bit more towards 7600-7800 range and go down to 6200-6600 level,option 2 we just go down painful from here to 6600-6900 level or 3rd option is to start rally and go up 10g level. 3rd option seem extremely unlikely at this point.Since considering that we are dealing with extremely greedy whales, letting people out this easy seems not probable. Most likely they will take second option(50%) or 1st option (30%) and break people even further and forcing them to sell their btc cheap then push really hard towards 10g range. If candle doesn't close around 7500usd level we will have to reconfigure numbers accordingly.

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Daily candle did not close over 7500 which is good news for bulls :) We are back in bear channel. Possibly Option 2 will like to come in play today or tomorrow. However MACD indicator daily chart upward cross about to happen(This could mean start of a new rally). This situation was done on purposely by whales. Extremely tricky situation.Unless you are extremely risk taker, I would stay away from trading until direction is obvious. It can go either way. But I still lean towards %60 bearish play here.

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So a bit complicated situation here. Most TA starts chanting 3k-5k doomsday stories again. This is getting embarrassing already. My personal opinion bitcoin is not week just a dormant stage for past couple of days.Whales doesn't let price to up or down drastically. They are however trying to mentally break people. My personal opinion based on experience they might very well be accumulating at this phase so they can drive Btc value up with a short squeeze. My BTC,BCH,EOS positions are still open since may 28th. Not rushing into closing the positions yet. Better to stay clam than listening nonsense bitcoin will hit 3K stories.

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I closed my last positions on june 9th. Btc sits at 6240 range at the time of writing.Hard to tell whose driving price down . However this was my initial prediction. Should be great time to get in before we see another bounce. We may be at the bottom or not, bitcoin requires bounce at this point. I did open bitcoin @6220,bch 815 and eos 9.2 positions. Very aggressive entry but hey no pain no gain. This is not an advice. This is my working strategy in the bear market so far.

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End up selling 90% of my positions with average of 9% profit. At this point it is not clear weather we are going up or down. But I did not want to stay in this trade any longer. I will be looking for re-entry point but it looks like Btc may try 6100-6200 range or painfully fluctuate in 6100-6800 range.Canèt see the necessary volume to push up 8k level yet. Not sure so not taking risk!