Hello everyone,
periods of no movements are dangerous, because they are mostly followed by unexpected strong movements! BTC is in such a period now – sideways with no decisions.
I think the most likely movement will be a sell-off down to the region between 4.850$ and 3.200$. A perfect landing and turn around would be 4.335$.
I have adapted my count: huge 1-2 setup from all-time-high to the expected turning point with a ending triangle, as you can see in the chart above.
Surely, there is a possibility that btc will break out now or crashes down to 2.000$, but this I do not expect.
Be careful now – decision in front! Hopefully as expected, because that level would be a perfect entry point for a strong uptrend (in the first move up to 9.990$).
Please leave a comment or a message, if you have any questions!
Take care
tgo
periods of no movements are dangerous, because they are mostly followed by unexpected strong movements! BTC is in such a period now – sideways with no decisions.
I think the most likely movement will be a sell-off down to the region between 4.850$ and 3.200$. A perfect landing and turn around would be 4.335$.
I have adapted my count: huge 1-2 setup from all-time-high to the expected turning point with a ending triangle, as you can see in the chart above.
Surely, there is a possibility that btc will break out now or crashes down to 2.000$, but this I do not expect.
Be careful now – decision in front! Hopefully as expected, because that level would be a perfect entry point for a strong uptrend (in the first move up to 9.990$).
Please leave a comment or a message, if you have any questions!
Take care
tgo
HK-Capital-Management
