BTC AS 3Y AGO? 16-17 Dec'17 : THE BIG RISE AND THEN THE FALL
Hello, as usual BTC likes to surprise us. There is something weird to this sudden pump, but as I said in my last idea where I was expecting the retracement, the trend has to be ridden until it lasts. I mentioned some levels to be carefully watched. To me, it seems like a pump due to early shorter liquidation.
Interestingly, even if it does not mean anything actually, in 2017 the pump lasted on the 15th od December, on the 16th there was the all time high, and then the fall from the 17th on December. Funnily enough, exactly 3 years later, we could be in the same situation.
As you can see from the chart, btc reached different extension targets, and the today's candle as of now is not that beautiful. We are very distant from the Moving Averages, well out of the Bollinger Bands, beyond the 3 Elliott wave target. We have a bearish divergence of the RSI lasting for months. So, ride the trend but prepare your Stop Losses. This pump surprised me but we can be at the end. If in the next days, should the pump be confirmed we could go anywhere from 25k to 30k. Honestly, I don't believe that. Let's see if will be a retest of 20k only (too good to be true) or we will witness the well-needed healthy retracement
Interestingly, even if it does not mean anything actually, in 2017 the pump lasted on the 15th od December, on the 16th there was the all time high, and then the fall from the 17th on December. Funnily enough, exactly 3 years later, we could be in the same situation.
As you can see from the chart, btc reached different extension targets, and the today's candle as of now is not that beautiful. We are very distant from the Moving Averages, well out of the Bollinger Bands, beyond the 3 Elliott wave target. We have a bearish divergence of the RSI lasting for months. So, ride the trend but prepare your Stop Losses. This pump surprised me but we can be at the end. If in the next days, should the pump be confirmed we could go anywhere from 25k to 30k. Honestly, I don't believe that. Let's see if will be a retest of 20k only (too good to be true) or we will witness the well-needed healthy retracement
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Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427