BTC- Bull-trap These two appear to be simllar parabolic dumps

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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BTC - These two graphs appear to be similar parabolic dumps - The RSI setups match also - The current dump distance should hit a target of around 5800.

Different view but again it hits at 5800

Here also 5800

That said Im very sure BTC is going to dump to 5800 . Ill say before the end of this week on May 23rd

however if BTC takes off above 8375 then this call is aborted.
Comment: Here also 5380 is shown as the target,
Comment: That should have read "Here also 5830 is shown as the target"
Comment: ill repeat that this prediction is no longer valid once BTC passes 8350 as the .50 FIb is measured from the 8350 mark
Comment: Also not that if BTC breaks past 8375 then the target now becomes 9700 instead of 5800
Comment: if BTC breaks the pink line and fails to bounce it can touch the 67xx mark -
Comment: Vomiting camel
Comment: This graph makes me suspect that BTC could dump from 87xx as the "head and shoulder" move down is measured from around 87xx - so if BTC moves past 83xx its most likely headed to 87xx where a move down can occur.

yikes :(
Tks, and this is my chart
Looks clever. The majority are long and bullish right now so lets hope we're on the right track.
mycotoxin supremetrejdr
@supremetrejdr, Thanks for sharing your ideas
Nilles supremetrejdr
@supremetrejdr, that's exactly why you should expect a (whale) dump :-).
Thanks for your work, you've done a great work!

However, I see that H&S pattern got rejected and we are moving back to $8k+ price. Check this out:
mycotoxin agent474
@agent474, Thanks for sharing - we did touch the 8K mark but BTC gave up
I think you are right on this one Myco. We shall may take a couple days though looking at my oscillators.
mycotoxin jeremy.jacques79
@jeremy.jacques79, Yes lets hope it works - cheaper coins are always welcome
very nice work!
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