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mycotoxin
May 19, 2019 8:57 AM

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

Bitcoin / U.S. dollarBitstamp

Description

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.

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Here also 5380 is shown as the target,

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That should have read "Here also 5830 is shown as the target"

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ill repeat that this prediction is no longer valid once BTC passes 8350 as the .50 FIb is measured from the 8350 mark

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Also not that if BTC breaks past 8375 then the target now becomes 9700 instead of 5800

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if BTC breaks the pink line and fails to bounce it can touch the 67xx mark -

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Vomiting camel
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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.

Comments
PensiveElephant
yikes :(
MCuong2332
Tks, and this is my chart
supremetrejdr
Looks clever. The majority are long and bullish right now so lets hope we're on the right track.
mycotoxin
@supremetrejdr, Thanks for sharing your ideas
Nilles
@supremetrejdr, that's exactly why you should expect a (whale) dump :-).
agent474
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, Thanks for sharing - we did touch the 8K mark but BTC gave up
W3rN0tAl0n3
I think you are right on this one Myco. We shall see....it may take a couple days though looking at my oscillators.
mycotoxin
@jeremy.jacques79, Yes lets hope it works - cheaper coins are always welcome
superbinge
very nice work!
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