Bitcoin Fill $11.7k Gap. Inverse Head & Shoulders, Triple Bottom
Been watching my analysis from yesterday. Here's some more stuff..
1) Possible Inverse Head & Shoulders (or triple bottom) WITH.... Fuel. Undersold & seller exhausted & lots of sideline fuel via buyers awaiting the $7,700 and below (that looks so far to not happen) will forced to be in or miss the retest to $9k or above. There is a good chance it has enough from to break that neckline if it prints the last right shoulder...
2) THE KICKER. This is printing right below the 200 daily MA. The one Everybody is watching. Any break from a IH&S or triple bottom would print a HUGE fake out. One that would bring in more rounds of good buying.
3) There is a gap in $11,700 that will sooner or later get filled. If we do indeed print an IH&S and it breaks up, Bitcoin will likely head up to $11,700 over the next month(s). CME ALWAYS fills their gaps sooner or later. You ever see a rich person with bad tires that need replacing on their car?
4) In this case; XRP and XLM will likely print a successful MACD weekly cross and with the huge bull'ish divergences in the weekly, XRP and XLM will likely be followed by some quick, fast, and unpredictable big pumps sometime next week.
My Trading:
I entered the market before I posted my last predictions, and I butt clinched all the way through yesterday.
I knew one thing and that is Entries Are Never Obvious. Entries actually always look bad and horrendous and like a terrible idea at the time.
However, no matter where you enter, you will always butt clinch at some point, whether that's trying to catch the bottom and clinching til it pumps past it, or when it comes to re-test your price.
Entry At Reversal Point: Front load the butt clinching, once clear, you're good to go.
Entry At Various Confirmations of Reversal (most traders): Front load the butt clinching until it clears, then butt clinch again later when price comes to retest their entry. Bots and algos will ALWAYS retest where the 90% mass majority enter at confirmation points. Then butt clinch through any fakeouts. Then once and if that clears, unless you are at a support zone, it might retest again later down the road.
I'd rather watch charts one or two days, then can delete the app off my phone than to watch charts every single day, but that's just me.
Anyways; good luck trading. And always have plan if this trade fails.
1) Possible Inverse Head & Shoulders (or triple bottom) WITH.... Fuel. Undersold & seller exhausted & lots of sideline fuel via buyers awaiting the $7,700 and below (that looks so far to not happen) will forced to be in or miss the retest to $9k or above. There is a good chance it has enough from to break that neckline if it prints the last right shoulder...
2) THE KICKER. This is printing right below the 200 daily MA. The one Everybody is watching. Any break from a IH&S or triple bottom would print a HUGE fake out. One that would bring in more rounds of good buying.
3) There is a gap in $11,700 that will sooner or later get filled. If we do indeed print an IH&S and it breaks up, Bitcoin will likely head up to $11,700 over the next month(s). CME ALWAYS fills their gaps sooner or later. You ever see a rich person with bad tires that need replacing on their car?
4) In this case; XRP and XLM will likely print a successful MACD weekly cross and with the huge bull'ish divergences in the weekly, XRP and XLM will likely be followed by some quick, fast, and unpredictable big pumps sometime next week.
My Trading:
I entered the market before I posted my last predictions, and I butt clinched all the way through yesterday.
I knew one thing and that is Entries Are Never Obvious. Entries actually always look bad and horrendous and like a terrible idea at the time.
However, no matter where you enter, you will always butt clinch at some point, whether that's trying to catch the bottom and clinching til it pumps past it, or when it comes to re-test your price.
Entry At Reversal Point: Front load the butt clinching, once clear, you're good to go.
Entry At Various Confirmations of Reversal (most traders): Front load the butt clinching until it clears, then butt clinch again later when price comes to retest their entry. Bots and algos will ALWAYS retest where the 90% mass majority enter at confirmation points. Then butt clinch through any fakeouts. Then once and if that clears, unless you are at a support zone, it might retest again later down the road.
I'd rather watch charts one or two days, then can delete the app off my phone than to watch charts every single day, but that's just me.
Anyways; good luck trading. And always have plan if this trade fails.
Trade closed manually:
Failed trade.