As you can see from the chart above, I have one higher target listed as a potential for this move, but the entire yellow box region is a BULL TRAP are of extreme danger - so be very careful!
I see us as being in a corrective (upward) wave and I do NOT see this as a continuation of our previous Jan Bull move. Right now, I believe that our BEAR MOVE is not finished yet.
Generally I do not trade these in between moves. I look for the bigger market swings. Sub-waves like this one can be extremely tricky to get in or out of successfully and can slaughter even the best, most seasoned traders.
As I posted in a recent BTC idea we are squeezed between TWO BIG MARKET FORCES pushing us both higher and lower at the same time. What this means, and what I've been saying all year is that we will get BOTH and the result will be a lot of volatility. This means Bitcoin can make equally big moves both up and down for my next time frames. There ARE pivot points. I use Astrology to find these for the BIGGER market moves (not the small sub-waves - nobody on earth can do that!).
BOTTOM LINE: If we stop in the YELLOW BOX then we are going down, down, down and this move up is just a BULL TRAP.
We MUST BREAK ABOVE THE HIGHER GREEN LINE (also our most recent Feb. peak) with EXTREME FORCE in order to invalidate this idea. This is the law of nature. Even with all the manipulation in Crypto (and we all know it is legendary) Laws of Nature still apply. The manipulators can bend those laws, but they cannot break them.
I see us as being in a corrective (upward) wave and I do NOT see this as a continuation of our previous Jan Bull move. Right now, I believe that our BEAR MOVE is not finished yet.
Generally I do not trade these in between moves. I look for the bigger market swings. Sub-waves like this one can be extremely tricky to get in or out of successfully and can slaughter even the best, most seasoned traders.
As I posted in a recent BTC idea we are squeezed between TWO BIG MARKET FORCES pushing us both higher and lower at the same time. What this means, and what I've been saying all year is that we will get BOTH and the result will be a lot of volatility. This means Bitcoin can make equally big moves both up and down for my next time frames. There ARE pivot points. I use Astrology to find these for the BIGGER market moves (not the small sub-waves - nobody on earth can do that!).
BOTTOM LINE: If we stop in the YELLOW BOX then we are going down, down, down and this move up is just a BULL TRAP.
We MUST BREAK ABOVE THE HIGHER GREEN LINE (also our most recent Feb. peak) with EXTREME FORCE in order to invalidate this idea. This is the law of nature. Even with all the manipulation in Crypto (and we all know it is legendary) Laws of Nature still apply. The manipulators can bend those laws, but they cannot break them.
Comment:
I meant upper PURPLE LINE which is also where the most recent Feb high happened.