A RISING WEDGE AND IT IS A CARBON COPY OF POST DECEMBER 22 CRASH.. LOOKS LIKE THE FALL IS IMMINENT AS VOLUME IS DECLINING AND THE PREVIOUS FIB SUPPORT NOW HOLDS AS A STRONG RESISTANCE.
Comment
⋅
This is a riskier trade which is based on the assumption that there might be another final capitulation leg for wave C around 7600-8200$ depending on the exchange..
My recent target has been reached btw and closed the trade..this one in case you want to take it to the next level..trade at your own risk !
Im betting for holding the lows , the fractal is very similar , and the dollar can go lower still , and all the people are expecting bitcoin going much lower , and when all the people expect something , it not happens
elshanti
⋅
@GordonCripto, well when everybody were expecting it to go higher at every ATH since last year it was still goin higher but nobody knew how much high it was shocking everytime it went to ATH..so this time everbody know it is a correction etc.. but they still dont know how low it can go and everytime they think correction done..it dips even more then fear and panick kicks in just like greed and hype at ATH run..
UnknownUnicorn1864491
⋅
interesting - any update please?
kenzboard
⋅
Tethers ftw
Rich_Rec
⋅
I see it getting worse before it gets better as well. I'd really like to see a clear bottom. I've cashed out and will be looking for the best point of entry to present itself. Nothing worse than having 25 different alt coins in 4 different exchanges and trying to find cover in tether every time there's a shake up.
elshanti
⋅
@Rich_Rec, nobody can call the tops and the dips the best way is to accumulate weekly ? or whenever there is a panick sell or an anticipated dip like yesterdays ..that way you cost averaging ,minimizing the risk and always have capital availability to a possible oppurtunities along the way..the same applies for cashing out you cash out at ATH(s) along the way to the top..
@elshanti i also have a bad feeling about this. Market is too vulnurable atm and i think its gonna visit the bottom again before 20/1 ends. If not then the rally has started.
elshanti
⋅
@Acel, yes IMO it will take time to recover like january-march 2017 .. heavy and long crash periods not so easy to recover..even if rally starts any moment I suspect it will take us to ATH.. I am expecting similar market scenario to last years begining even a little bit longer may be to April-May until we take off !