fraclehe
Short

BTCUSD Warning!! A drop is very likely to happen

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are getting close to a high resistance zone in 7600-7650 area. Short term bearish wedge and midterm downtrend line converge, and the loss of momentum is obvious too. A drop is very likely to happen, targeting 6800 zone which wasn't reached in the last drop and it's needed to fulfill fibos and a healthy retracement.
Jun 01
Comment: Wedge broken downwards!! Good time to open shorts at pullback
Jun 11
Trade closed: target reached
So what is ur opinion on the next move @fraclehe of BTCUSD Kindly respond
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fraclehe ELKIDDY
@ELKIDDY, Please refer to the latest idea published! :) THanks

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more divergences. and check out this fractal. i used the preceding fractal to predict the price drop of the last top within 1 hours from 36 hours prior!
+3 Reply
AzeeKhalid MilkBread
@MilkBread, do you still BTC May drop ?
Because on daily we are bullish
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MilkBread AzeeKhalid
@AzeeKhalid, as you sure we did a small drop. I had a theory it would be too perfect bouncing off the channel resistance and thought the whales would capitalise on a fake breakout, especially if we still want to consider the 6th of June a signifcant date. I am watching the cmf today to see if the selling pressure and price on the 1hr continues diverging. It has a slight and steady divergence but still continues the up and down of each candle.
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MilkBread MilkBread
@MilkBread, are you see** we did a small drop
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MilkBread MilkBread
@MilkBread, as**
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AzeeKhalid MilkBread
@MilkBread, Thanks for responding
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AzeeKhalid MilkBread
@MilkBread, @MilkBread, Alright am gonna follow you here on Trading View :).
How about you join our small group here > t.me/CaerusChatbox

I reluctantly closed my position(s) because of so much uncertainity .......
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