Current chanel bouncing between 9950 and 9645
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BTC needs to exit the channel at 9940 to be taken seriously
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Trend change coming up in about an hour or so
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BTC does not do double bottoms very well as they don't get along too well and this next trend change looks a bit unfriendly, So best be careful in the next hour or two.
...Before we all get excited , Im not saying this is what is going to happen. What im saying is this is my interpretation from the current candlesticks.
...Before we all get excited , Im not saying this is what is going to happen. What im saying is this is my interpretation from the current candlesticks.
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Note ..this upcoming trend change could also be a big move up , yay ! . it looks to be a significant movement and I expect a large movement down or up within the next 2 hours,
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its a buy
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its a buy after 9980 for safety
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There are still two more days of drops so BTC can still drop , so wait for solid confirmation before entering . 10066 gives more confidence of upward movement, its only $100 more so best wait for the confirmation to skip the bull traps .
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BTC will not cross 10066 it its a fake run
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im going in . BTC is eyeing the 10484 area first
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bit of turbulence at 102xx areas, bu
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Holy Moses, i was just gone for an hour now this crap , took a tiny hit but got out in time
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The real question is why is BTC dumping if there are not advertised trend changes .
Bear trap perhaps ?
Bear trap perhaps ?
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looks like this drop can go to 97xx but thats still in the current channel above ...
BTC playing Bear Games ? grrrrrrrrrrrr
BTC playing Bear Games ? grrrrrrrrrrrr
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There is a pretty convincing reversal candle on the 1 hour candle , the reversal candle gives a drop to around 9762
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That was a nicely played bear trap - got caught in that one .
crafty BTC
crafty BTC
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Using the MACD it shows a bearish divergence - indicating a further fall after a climb up .
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Don't follow me , but im back in . I can see from the channel movement i can sell at the top and buy at the bottom and repeat this pattern
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We should go up for approx 75 minutes .
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climbing this channel currently
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can buy at the bottom of the pink line and sell at the top of the pink line , wash , rinse and repeat this action .
Trade active:
Triple top ascending triangle.
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this is normally a continuation pattern so could break down
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incoming trend change - to a city near you .
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ETA: within the next hour
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BTC is seems to be heading south
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target 95xx
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Based on the 12 hour candle , there's approximately 33 more hours of volatile behaviour from BTC left to occur.
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Ops! forgot to add the "takeoff point " so the the drop distance should actually be between 94xx and 93xxx
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I could be incorrect but the current upward climb has to be a bull-trap as the drop distance shows as between 94 and 93
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Now this upward movement is confusing as BTC has to move to 10760 or 93xx.
This is also a "triple doji spinning top showdown" so there has to be a bigger drop
This is also a "triple doji spinning top showdown" so there has to be a bigger drop
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perhaps BTC will drop later to 93xx , but i don't think this current move upwards is correct .
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makes sense - BTC broke out towards the top and is heading to 10760
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Sneaky BTC was heading to 93xx after all .
Trade closed manually:
hahaha had me confused also - closing this out too long
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Not trading advice - but i'll be buying this dip . Just will exit before the 8900 drop
Trade closed manually