Hello dear traders
After today's fall, we tested the 6300 zone and it looks like it will continue to move in a falling wedge formed from January - a reversal pattern. At the same time we are moving to the support line. Most likely after the test of this line we will fly up. I showed a long-term vision of bitcoin movement. There are many factors that talk about long-term growth, so fasten your seat belts and we are getting ready to stand on the runway.
On October 12, I will start my first webinar, where I will give my full vision of the situation on crypto market.
After today's fall, we tested the 6300 zone and it looks like it will continue to move in a falling wedge formed from January - a reversal pattern. At the same time we are moving to the support line. Most likely after the test of this line we will fly up. I showed a long-term vision of bitcoin movement. There are many factors that talk about long-term growth, so fasten your seat belts and we are getting ready to stand on the runway.
On October 12, I will start my first webinar, where I will give my full vision of the situation on crypto market.
Trade active
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30 min don't miss 2nd exclusive webinar by Mr.EXCAVO: link in profile status
@TheDudeForex, context points to him being short with TP if $5,000 (his identified support line). Personally I’m bullish, though I share a Bearish scenario with a TP between $5k and $4.8k in my own analysis. Also share two Bull scenarios.
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- The three stars in the chart seem to be similar.
- There was a price increase due to the Tether problem yesterday.
- I think that issues are creating charts, and issues are needed to make charts. I think this rise is tending to the latter.
- If today's and tomorrow's closing prices are held to a certain extent, as the idea suggests, we can expect to see price increases on the October 26 CME expiration date.
CBOE(4.18.) Closing price < CME(4.27.) Closing price
CBOE(7.18.) Closing price < CME(7.27.) Closing price
CBOE(10.17.) Closing price ?? CME(10.26.) Closing price
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Agree,
Allow me to share my updated View On BitCoin (16 Oct 2018)
BitCoin is going UP as we expected and our TP1 hit.
Stay with LONG.
Now I am standing with LONG as $6,000 region holds.
EP Long anywhere before $5,800
SL $5,720
TP1 $6,780 (Hit)
TP1 $7,020
TP3 $7,390
All the best.
Allow me to share my updated View On BitCoin (16 Oct 2018)
BitCoin is going UP as we expected and our TP1 hit.
Stay with LONG.
Now I am standing with LONG as $6,000 region holds.
EP Long anywhere before $5,800
SL $5,720
TP1 $6,780 (Hit)
TP1 $7,020
TP3 $7,390
All the best.
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