Hey, normaly i hate comparing previous things that happened in the past but this one is really really very similiar for me so many things would fit if this occurs.
So we could get maybe today a sharp drop [] to 3400-3500 and bounce back to 3800-3900 the last dump also lasted for 3 days you can see in the chart 3 candles. And tomorrow we could go further down like 2950-3000 there is some previous structure also very good support, Goldmansachs is predicting 4800$ if we bounce at the basisline of the bollingerband their prediciton would get true.
I will keep this idea updated.
- rakim
discalimer: This is not a trading advice if you follow any trades you act on your own resposibility.
Comment
⋅
I compared the price drop of both they are almost the same i adjusted the support line a bit.
Comment
⋅
correction incase it drops of course. So we should max expect that it could wick down ,i will post later some good entry points which we could get
Comment
⋅
This is something we should consider last time the price rised 214% this time ''only'' 130% so it could be that the price dont drop that harsh like last time
So i suggest buying here :
disclaimer: if you follow any trades you act on your own resposibility.
Comment
⋅
It made the owl pattern again , short explaination what a owl pattern is:
A owl pattern is basically just a double top it looks to me like a owl hence the name,my theory is everytime before btc really goes down it test the last high almost the same or maybe a bit higher. I will cosnider this in the future.
I think the next daily candle is key to determine any movements.
Comment
⋅
Shorted it twice now.
Comment
⋅
closing the short taking a loss here but it aint worth it
Comment
⋅
bounced at the bollingerband as i described in the chart.
Comment
⋅
Btc looks exhausted to me possible not so see 4.8k sorry friends.
Comment
⋅
The idea went well but honestly i didn't believe in it by myself my guts said no my TA said yes and here we are now this idea is now closed there won't be any updates anymore. I will post lateer a new chart for possible short entrys, it's here btw. still possible to wick up to 4970$.