Hello friends! Let's start to consider the current situation. The day before yesterday, our stop at no loss worked, we opened it at $4200 and closed at the same level, it's a shame, but that's okay, considering that such a strong impulse happened yesterday. What has changed since yesterday's growth? NOTHING! I would even say the opposite, that everything has worsened and it has become more and more obvious. We now have two scenarios, the first more bloody with a fall to $1800-2000. It will be activated at the close of the week and in the case of pinbar formation. The second scenario will be activated if the weekly candle does not close with a large shadow and then we will only have a correction to the level of $3600.
In any cases, DO NOT FOMO, such manipulations have already been a dozen times since the beginning of 2018. I called this idea like this because I see that euphoria has begun, and this is the most dangerous situation! "Buy when there is a blood on the streets and sell when the euphoria"!
We will open a short this week, but today it is early and dangerous to do it! Most likely there will be a pump to the level of $5600-5800, and then the manipulators will take profits and the weekly candlestick will close with a big shadow, so for now the level for the shorts is $5600-5800! I will keep you updated!
Comment
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Great opportunity for shorts. We expect the week to close, if MA200 buyers do not breakout, we will open a short.
@AlphaTrader_, Like your cooment! Because you and your comment are proof that it will be))
This pump was made so that the crowd would think so)
jkramerjj
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I've been waiting for your perspective! Say "NO" to FOMO.
Markets_Mastermind
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I will buy Bitcoin only if I see a big hammer hitting a huge support line!!!
AIMORAN
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@ydrama, Good idea!
Jefe
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If we calculate the duration from start of bear market to "second version" for 2015 cycle, it comes down to 588 days. If we assume we are currently at "second version" that comes down to 479 days. The current bear market should be longer than the previous one, not shorter. Besides, people are still way too bullish.
BlockchainYahoo
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Based on your chart looks like bitcoin is a buy at 1700. Wow that would really scare many bulls including me...
LijiLe
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nice
UnknownUnicorn3511625
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micmuc
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Nothing more than a small panic retrace for Bitcoin, but for Ethereum indeed it has been a bit more.
I think we'll see Ethereum catch-up on Ethereum over the next 24 hours (as happened on Tuesday), whilst Bitcoin will move sideways.
Then subsequent step rally stage towards Bitcoin 8400 and Ethereum 390. I've got little doubt this actually is going to happen.