Hey, this is to payback all the good work made by @botje11 ! Calling out tops and supporting the community you should all follow him and read his regular update live action stream on TradingView with some clever thoughts on the Whaaaales!
Here, I have built somehing that MAY be very helpfull to analyse the crowds and the Algo! This is basically a "ratio" replication of the last crash that occured last December. Will help you SEE how target can play out and the paths that it can take. BE Carreful out there, this may NOT play as you see it here and might even become bullish but I doubt it.
Grey Lines is where I have taken my retracement from last drop. Red is O.23 Green is 0.38 Blue is 0.55 Orange is 0.68
So far the bounce played out perfectly even if I missed by entries by few hundreds maybe it'll get there.
Key takeover, LADDER you BUYS ! LADDER your SHORT ! and something I have discovered recently LADDER your STOP LOSS! :)
This could be a very realistic outcome. Fooling and frustrating the bulls AND the bears (out of the market). I like it. So these wave are the same Bitcoin made in December? Could you share the dates? i would like to see both pictures
@Amikoin, I see the resemblance. Difference the moves are bigger, also in %. But further, it looks really alike. I would be annoying for both sides, which normally is the most realistic options
Amikoin
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@botje11, Yes, I agree, but give a sense of how the action could play out, everything happens at a lower fib level and FASTER so far (first jump @ 0.23 & second @ 0.382) initiated a first short position, hope it'll get a bit higher so I can fill up more. It's supposed to hit 10200 but I have some doubt it can go this far