SO as you know I don't usually post 4 hour charts and they are not as reliable and for timeline wise it may be quite off. On my last post I warned people about 50% crash that may happen as quick as days! So far all I can read on the twitter pager or other Ta's writing about 100k reversal , we are still in bull market, hodl , Dimond hands etc. This scares me the most. Even Cz asking people to hold but bnb price is down from $700 to $270. And market looks really week. We are in most violent 4 hr downwards parallelish channel that I have seen past 7 years and it is directly pointing 23k-$25k region unless we break it upside and test it back. So my advice is it to be very very careful here. People denying that we are entering the bear market but to me %54 drop from the the very top to bottom looks like it. In a real bear market people usually denies first which costs them a lot $$$ then people panic and usually sells near by the bottom. All the signs are there. ******AGAIN this could be clear manipulation***** and they have done it before so I gave few other options. In case if we deviate from last defense plan we should always have plan B and plan C. I am just hoping 30k will hold but if doesn't 20k zone will be last defense. But we should ideally bounce from 23k-25k zone. Testing 20k could be very costly if we fail, there may not be good comeback for extend period of time like 2018-2019 hell zone. This 20k zone also happens to be peak for 2018 rally. So literally last defense line before the abyss of void!
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
My last prediction also turned out to be very accurate.
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
My last prediction also turned out to be very accurate.
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We are out of the triangle and retest has been done. It looks like it is not going to fail. A bit early guess but I entered back into action. I feel great about it this time! Again I could be wrong and this attempt may fail but everything looks great.
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Btc following the best possible continuation similar to green line with a higher magnitude. However this action can sprint up like purple line. bears attacked the price action at low 40k which was a huge strategical error on their end. Now they can not defend $42k as efficiently. Bulls are raging so attempt to 42k may happen sooner than later. But now Bulls have much higher chances to break 42k compared to yesterday due to greedy bears early attempt.
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2 minutes later I post my last comment price shoot up above 39k :) Purple line continuation might happen sooner than I though.
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We are following the same shape as purple line as I predicted. Last move is for trapping over exited bears. I am very confident otherwise we would not see easy drop like that at this region. 36.5-37k should be very bottom and we should see quick rise above 40k after that. Not even worried about this non sense drops. Icahn Capital will be buying a billion to a billion and a half dollars worth of #bitcoin and #ethereum soon enough! Let them sell all they got :)) Some people got to regret right!
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****Be Cautious **** Heavy fud wave hits the market again.
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Another organized effort to lower the price on Binance .Somebody chasing with 400 btc on Binance constantly. This is so obvious manipulation. Buyers are getting exhausted.
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I have good feeling that 34k maybe holding ok for now. Second attempts at 36k may happen sooner than later. Fear index is really high but moment like this anything can happen due to less people trading. But things looking positive at the moment.
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On 4hr chart upper resistance line broken up and I was waiting for retest to get into the action. We seem to be bouncing from the old resistance line. Retest seems to be succeeding. Great sign for short term outlook.
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Short term target has been reached!!
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I closed my position @37200 with good profits! We are approaching daily resistance Ema10 which is @37600usd , ema50on 4 hr chart stands at 37300 usd range and formed a head and shoulders pattern on 15 min chart. This is only short term prediction not suitable for long term direction. So for the short term direction could be down from here!
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Another problem is that I like to point out is class 21'. Some prominent Twitter influencers insulting people who invests in Btc and they think that is not smart at all. This is exactly like cutting the branch that you are sitting on it. Alt coins can not grow without BTC bringing fresh money into the market. That is why they crash when Btc goes down. It looks like class 21' needs more lessons in a way that only BTC can teach them. Alt coins namely ether needs to chill and allow BTC to grow or we are testing 30K sooner than later.