As for now, 200 need to be re-tested as FIBO 61,8.
Now for LONG, and at higher levels closing all positions.
I'll keep post updated.
This is Bear fishing. Do not buy now!!
I would be very carefull right now.
But alts are now bleeding as hell.
Maybe this is just another manipulation to others to sell. In this moment i'm really scared of what is about to happen. Because the movement is really precise as i expected it. If BTC drop to 4500$ people will be very scared to jump back in.
If we close below 9000$ again, it's obvious that we will see 6000$ level again.
If we broke above this level we would likely see 10 500$.
If we did not we will be pushed towards 8919.
In this position of market news, new people getting in, the volume of buying is too high and brutal. People and bull won't let it down. Bears for now have low hands.
Let's see how it really goes.
If you can see we reversed with BTC from my levels to 8610 right now.
Just as was expected.
We could see some high pumps on alts like XRP,ADA,ZRX or IOTA.
But this momentum is showing me clearly my prediction was clear and we will go to 4500$.
Do not say i didn't said it.
As you can see, my idea are getting some serious respect from BTC.
For today, Bitcoin is showing that he is weak again. Sustating at weekly resist and likely to be pushed below. Volume of bears are getting back.
There will be last pushback higher for today and as i expect we will close below WR and will push lower straight to 8000 in few days for new consolidation zone.
From where we will push to 6600$ atleast. If BTC will show again that he is not strong enough and will need to find new bottom he will go around 5000-5500$.
Be carefull gays.
Good luck with trades.
We are likely to come to 8800 level.
If we get through ->6650 here we come.
Below MA,EMA and EMA.
Close below 8800 means we are likely to come to 7800.
We had a further decline of 7100 from where we headed to find higher low around 6800 where is also 1.27 aligned.
We touched short-term up-trend and pulled back up.
From 4H perspective we are still in EMA/MA channel so we don't have confirmation for further bullish momentum. Even tho before daily candle looks kinda bullish and we are having crossover on 1H. This still doesn't confirms we are headed to 7,4-7,7k.
We may get back to the short term up-trend re-test and get back up, or flash crash just from here to re-test 6669-6650.
Right now, market is again becoming overlonger as BTCUSDSHORTS are getting rough days.
I think market should stabilize at some point between those 6669-6650 levels.
Both scenarios counts with 7,4-7,7 as a top. So if we flash crash or pump from this place we know what to do.
start DCA short from 7550-7750.
Long 6000 with S/L at 5700.
Hard long around 5,2k.
(Long term trades)
For our current daily opportunity we had short with around 6900+- which i halfed and re-opened back at 7100. And take profit just today at 6800.
Next intra-day opportunity will be announced soon.
For now staying flat.
The way I see this is : What would be the scenario that would destroy most people?
My answer is: Make things look very bearish, then pump like mad leaving a maximum amount of people (mostly traders and weak hands) looking at the train leaving the station.
This is only my view and I could be wrong, as I could be right.
PS: if we break 9500 RIP shorters