I am calling it again, short on Bitcoin, short term top is set
I am calling it again, lets see if i get it right for a third time in a row, I am especting a big wave doen again now, It starting to weaken a bit, it lacks a a big bounce from the 9900 just now, wich confirms this pattern for me to almost 100%. i dont know yet untill where this drop will take us, dont now how strong the buying hype still is, but this looks a good trade with a stop around the high at 1150/1200.
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To stay in the extreme negative it has to stay beneath the red line, It's hanging on a support now, if it even drops below this one, it will fall much more and very fast
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To stay in the extreme negative, it has to stay under this channel now, otherwise it will consolidate, probably
To stay in the extreme negative, it has to stay under this channel now, otherwise it will consolidate, probably
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Eventually it went back in, slowing down the drop. It has to stay under the new red area, the bearish flag gives us a target of around 10.400
Eventually it went back in, slowing down the drop. It has to stay under the new red area, the bearish flag gives us a target of around 10.400
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There is no buying power at all at the moment, so as we say in dutch, silence before the storm? But Bitcoin has suprised me many times already, so i do keep options open ofcourse, but normally this is a slam dunk :)
There is no buying power at all at the moment, so as we say in dutch, silence before the storm? But Bitcoin has suprised me many times already, so i do keep options open ofcourse, but normally this is a slam dunk :)
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What confirmes my theory (for me) is that all other coins drop also, including BCH! This one should be, as some say, a big threat for Bitcoin and moved contrairy for a while, but because this one also drops together with Bitcoin, it meens the overal sentiment on crypto's is scaring allot of people now, at least making them doubt and think twice about all the free money in crypto land
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And it again it's getting enough support! I am out now, with almost even money. I think it will get pushed higher from here
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But i do have to compliment myself ofcourse :), i have called a short term top with a down wave of 300 to 500 points, 3 times in a row now. I think i deserve a medal now :)
Were you see the 2 cirkles, it should have dropped at least to the second one, i have almost never seen it like this. For me this means somekind unnatural buying support. So i think it will go higher from here, but there is obvious selling pressure at the tops. Could these be the same persons providing that support to create the possibility to unload there Bitcoin at the highest prices. That's what i thought about the move up from the lows, a few days ago. This is still possible now, but another scenario (less short term thought) is that it will make a new ATH, to attract more people to the Bitcoin and it's un endlessly higher prices. For i cant really say with confidence wich way it will go the coming 2 days. Bigger picture says correction again, smaller time frame says up. Waiting for new signals
Were you see the 2 cirkles, it should have dropped at least to the second one, i have almost never seen it like this. For me this means somekind unnatural buying support. So i think it will go higher from here, but there is obvious selling pressure at the tops. Could these be the same persons providing that support to create the possibility to unload there Bitcoin at the highest prices. That's what i thought about the move up from the lows, a few days ago. This is still possible now, but another scenario (less short term thought) is that it will make a new ATH, to attract more people to the Bitcoin and it's un endlessly higher prices. For i cant really say with confidence wich way it will go the coming 2 days. Bigger picture says correction again, smaller time frame says up. Waiting for new signals
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I am short now at 11330
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The highs are getting less and less high, volume is getting less, and the 11.400/11.450 is a very big resistance. Dont stare blindly to that cirkle, it's just to give an impression of what is going on. A drop below the 11.200 would confirm the first lower low on this time frame, and where the next support should be 11.00.
The highs are getting less and less high, volume is getting less, and the 11.400/11.450 is a very big resistance. Dont stare blindly to that cirkle, it's just to give an impression of what is going on. A drop below the 11.200 would confirm the first lower low on this time frame, and where the next support should be 11.00.
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I have added at 11.430. My stop is around 11.550 now, It is showing some strenght now, But it has not broke through that resictence.If it is able to hang around this level for a while and not get sold off quickly, than chances are getting bigger that it will break through the 11.500 and make a new attempt for the high. For the down wave i expect, it's worth to add at this point, only 100/150 points risk for 500 and up to 2000 points maybe.
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