tanglebot
Short

BTC Price Targets for next 4 days

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC is coming to climax of the short Sqeeze which was happening for the last 1 week.

I dont think we have the volumes to rally from this point. It has to fall to bounce. And the fall should start anywhere from next 2-3 hours onwards and dont worry the fall will be there for many hours. SO you can wait and buy between the 7600 - 7800 range. Always wait for the fall to stabilize, then only buy.

From there it will Rally upwards and we will meet the downtrend line and I dont think we have demand to surpass that level. Check for the sell zone, If there is heavy resistance in the sell zone then sell and make profit and wait for the next sqeeze and fall of bitcoin .

You can see the similar thing happening on 15 March.
Trade active: The fall have started 1 hour earlier than predicted. Now if you see the volume, it is not enough for a bounce. So it has to go further down. There should be high volume for all the whales who shorted at 9000 to close their positions (Big Whales have shorted BTC for days around that price range). Relax and come back after few hours, the fall will need many hours to stay and you will not miss this opportunity. It is going to be spectacular :)

PS: Stay away from day trading during these periods, RSI double bottoms or MACD strategies wont work in these periods and you may loose money.

Stay with the plan and you will make 15-20%
Trade active: RSI is almost sold in all the higher timeframe charts etc 1D. SO if the 8150 - 8300 hold as strong support for the next few hours, then it may not go down to test 7800. I checked the exchanges and sell volumes are very less, which shows accumulation in progress. Also it will complete the inverse head and shoulders which started in 19 March.

You may close position now with a stop loss of 8100
Trade active: Going down smoothly.

Whatever goes down will come up.

The bigger the fall, bigger will be the rally. Have a fun ride :)
Trade active: Downward target reached. Seeing the low RSI in all timeframes, I dont think it will go down to 7600. Price will be bouncing in 7800 - 7900 ranges and will go up. But the rally will be short lived, I dont think it has the bull power to reach 9000. I will be selling again around 8300 to 8500 .

From there, there is a big chance to face lots of resistance and price may go to an all All time Low (even below 6000).
Trade active: So while everyone predicted a drop to 7500, I told it will only go 7800 - 7900, I also bought my BTC @7880. Now The next target to watch is 8430. I will be mostly selling and shorting my positions at 8430 +/ 2% . Subject to the market stats at that time. Lets see. If anybody followed these and bought at the exact positions, then please like this :)
Trade active: Check my latest idea -
BTC did not have the bull power to even reach 8430. So expect to go further down. Now may be the death cross will be the catalyst. Lets wait and see.

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