Hi All,
As promised, I am writing this post to reveal the secrets on BTC – “$4436 BETWEEN 12-14 APRIL”.
I was going to wait until the price retraces back to test the top of the downtrend channel , but unfortunately it ain’t look like it’s going to happen. So, I thought I should post it right now to help those who are still going for long. If you have been following me the whole time, you should already knew that my goal is to share my ideas to help others.
So, what am I revealing you might ask? Let’s start talking about the mid-term trend line (yellow) that the whales created in which they want you to believe that it is indeed a valid trend line. In fact, right at this moment, there are still a lot of traders think that the trendline is going to hold and BTC will start a new bull run from here. IT’S JUST NOT GONNA HAPPEN. As you know, there have been a lot of bad news within the past couple of months (Tether, SEC, Binance hack, Mt Gox, Google banning ads...etc). People's confidence has been damaged significantly and I believe the whales are planting the seeds of a bigger correction, that is, a correction to at least $4436.
The next point I am going to mention is something that I am admiring the whales as their whole setup is clever, but yet all makes sense. In order to make it all make sense and to rebuild the confidence of traders, the whales are going to make the price to drop to a reasonable price so people think that it is a good price to start a new bull run. As you might have seen from a lot of TA posts recently, many traders are now calling the $3k - $4k bottom price. However, what they provide in their TAs is only a rough figure and the only reason is that we are still in a downtrend channel . Plus, they have no clue about the date that the drop is going to happen.
Amazingly enough, I have some information that I can’t share at the moment which, indicates that the bottom will most likely occur between the 12-14th April.
In terms of the price level, if you look at my posts for the recent drop on ETC and the crash on SPX, they both dropped to the 1.272 – 1.414 fib retrace. As well, if you have noticed where I set my Fib Reference Points for the first set of correction for BTC, you can see that I have set the low point at $9000 as this is really the price point where the surge to ATH started. BTC also dropped to 1.272 retrace. And if you have a look of the graph where I labelled “100% rise” & “50% drop”, I think the same will happen again. In fact, BTC is at around $8000 right this moment, which means that the likelihood of it dropping to $4436 is high.
As a result, I would expect the price to drop to the 1.272 retrace @ $4436 between the 12-14th April.
So, what am I going to do next? I will wait for a retrace, ideally around the $8200 - $8800 mark, and start shorting all the way until BTC hits around $5200. Why not $4436? Because if you look at how I draw the dotted line on my graph, there is a lot of support between the $4400 - $5000 price range. For me, I am not interested in finding the perfect bottom. $5200 to me is very nice profits. Then, I will place my buy positions within the $4400 - $5200 price range.
If you feel you are missing out when BTC hits $6000 because you think $6000 is going to be the perfect bottom, you are welcomed to place your buy positions at $6000. I am only providing a pattern that I see which indicates the price drop to $4436. Of course, I might slightly change my buy/sell target according to the RSI level, but my ultimate target is $4436.
If you have been following me, you would have bought right at the bottom of the recent dip, sold most of your positions with 20%+ profits when I said I sold 75% of my positions. I have also mentioned that the retrace was only short-term and that my ultimate target has always been $4400.
Let’s make profits altogether!
Taiwan Bear
*Please note this post is provided for informational purpose only. It is not a financial advice to buy/sell*
As promised, I am writing this post to reveal the secrets on BTC – “$4436 BETWEEN 12-14 APRIL”.
I was going to wait until the price retraces back to test the top of the downtrend channel , but unfortunately it ain’t look like it’s going to happen. So, I thought I should post it right now to help those who are still going for long. If you have been following me the whole time, you should already knew that my goal is to share my ideas to help others.
So, what am I revealing you might ask? Let’s start talking about the mid-term trend line (yellow) that the whales created in which they want you to believe that it is indeed a valid trend line. In fact, right at this moment, there are still a lot of traders think that the trendline is going to hold and BTC will start a new bull run from here. IT’S JUST NOT GONNA HAPPEN. As you know, there have been a lot of bad news within the past couple of months (Tether, SEC, Binance hack, Mt Gox, Google banning ads...etc). People's confidence has been damaged significantly and I believe the whales are planting the seeds of a bigger correction, that is, a correction to at least $4436.
The next point I am going to mention is something that I am admiring the whales as their whole setup is clever, but yet all makes sense. In order to make it all make sense and to rebuild the confidence of traders, the whales are going to make the price to drop to a reasonable price so people think that it is a good price to start a new bull run. As you might have seen from a lot of TA posts recently, many traders are now calling the $3k - $4k bottom price. However, what they provide in their TAs is only a rough figure and the only reason is that we are still in a downtrend channel . Plus, they have no clue about the date that the drop is going to happen.
Amazingly enough, I have some information that I can’t share at the moment which, indicates that the bottom will most likely occur between the 12-14th April.
In terms of the price level, if you look at my posts for the recent drop on ETC and the crash on SPX, they both dropped to the 1.272 – 1.414 fib retrace. As well, if you have noticed where I set my Fib Reference Points for the first set of correction for BTC, you can see that I have set the low point at $9000 as this is really the price point where the surge to ATH started. BTC also dropped to 1.272 retrace. And if you have a look of the graph where I labelled “100% rise” & “50% drop”, I think the same will happen again. In fact, BTC is at around $8000 right this moment, which means that the likelihood of it dropping to $4436 is high.
As a result, I would expect the price to drop to the 1.272 retrace @ $4436 between the 12-14th April.
So, what am I going to do next? I will wait for a retrace, ideally around the $8200 - $8800 mark, and start shorting all the way until BTC hits around $5200. Why not $4436? Because if you look at how I draw the dotted line on my graph, there is a lot of support between the $4400 - $5000 price range. For me, I am not interested in finding the perfect bottom. $5200 to me is very nice profits. Then, I will place my buy positions within the $4400 - $5200 price range.
If you feel you are missing out when BTC hits $6000 because you think $6000 is going to be the perfect bottom, you are welcomed to place your buy positions at $6000. I am only providing a pattern that I see which indicates the price drop to $4436. Of course, I might slightly change my buy/sell target according to the RSI level, but my ultimate target is $4436.
If you have been following me, you would have bought right at the bottom of the recent dip, sold most of your positions with 20%+ profits when I said I sold 75% of my positions. I have also mentioned that the retrace was only short-term and that my ultimate target has always been $4400.
Let’s make profits altogether!
Taiwan Bear
*Please note this post is provided for informational purpose only. It is not a financial advice to buy/sell*
Comment:
The red trendline has been violated a number of times now. For those people who is still going for long, if this level does not hold, the next support is around $6400-$6700. I would expect a small retrace between that price range.
Please do set up an exit strategy if things go unexpectedly.