Short this!!!! I can't say this enough, a large bull trap is being played out and everyone is being blinded by greed, hard greed. Now this may look a bit confusing from the picture but basically, we hit the .65-.618 fibonacci retracement on the way back up which we also did in July of 2018! Now this was a cause for concern at first, but then also i noticed the pattern is the amount of the drop both hits the .236 on the retracement fibonacci retracement placement! Now what does this mean? It does not mean the price MUST go down, but it is very distinguishable that it might. What is also scary is the market sentiment right now. The majority remains extremely bullish, and the majority lets face it, is usually wrong. Let me know what you think of this in the comments, would love to hear some collaboration for this!
I wish you good luck trading!
-Trader Demo
<3 Space Peso
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So I have noticed this ascending triangle formation over the past few hours, and may break up, I have labeled where i think the price will react and went to enter a long and confirmation of a movement in price. I still believe this will be a bull trap. Stay safe!
DIvergenThere is also downward trend on the indicators i use to predict trend movements against a rising price for the last 18 days so its close to Turing in downward direction for a small pull back before we move into bigger moves in late June , july time frame. Its going to be a crazy next 3 years of roller coaster up and downs folks get ready . My advice if you dont have at least 5 years of proper training online courses or class room courses then i would just buy every month same day of the week at the same time within a few hours what every crypto currency you would prefer and hold it for a min of 3 - 5 years, small amounts. may thing is to start learning what this is all about the technology of blockchians, the security implications, use cases, the differnet protocol;ls used by different projects and coins. its a big learning curve. so enjoy everything you need is on youtube. go search for it.
seba26-77
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BorisPoff
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Talk about confused.
Majority of the participants is still bearish, including the author of this post. Thankfully he doesn’t offer specific targets and stop loss levels as some other bears here that were spectacularly taken out in the last few weeks.
Although he is right in one thing - majority is usually wrong.
demoxbt
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@BorisPoff, Was merely stating a pattern I saw and wanted to protect anyone who might become trapped, have a nice day.
BorisPoff
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@TheRealDemo, no, you said “Short this!!”
Care to give targets and stop losses?
demoxbt
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@BorisPoff, If you want a detailed report about buying and selling go look at another chart, I point out things on this account that many others don't post. There's plenty with targets.
BorisPoff
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@TheRealDemo, there are short calls dime a dozen here. A LOT of bears, you included, still calling lower. Some are braver, giving numbers, getting slaughtered. That’s all.
demoxbt
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@BorisPoff, If I end up knowing the exact swings before they happen, you will be first to know.
BorisPoff
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@TheRealDemo, I don’t think so. Best we will get is, and I quote- “Short this!!!!” Funny thing - many still do. That’s what the herd does, at the bottom. Just like people going long at 19,000. You said it, majority is usually wrong. So, please short with the rest of them. Thanks.