UPDATE!!! BOTTOM NOT IN! Last pump to $4100 before BULLTRAP!
Hello..
comparing BTC to the last bulltrap.. i can see again another Bulltrap forming.
Reasons:
I expect the pump tomorrow.
Price will propably fall down to $3915 and then pump to $4100
After that i expect a big rejection which will lead to a sell off!
comparing BTC to the last bulltrap.. i can see again another Bulltrap forming.
Reasons:
- Too much resistance on the upper side
- NVT still didnt show oversold market (i trust this indicator)
- Its too early for a bullmarket
- Lower lows means higher highs
- We are STILL in the big falling wedge (Which i will show in the comments)
I expect the pump tomorrow.
Price will propably fall down to $3915 and then pump to $4100
After that i expect a big rejection which will lead to a sell off!
Comment:
Reason why i dont think that we have seen the Bottom and why i think BTC will DUMP to $2500-$2800 after the Bulltrap!
I trust the NVT Indicator. This indicator does always show the perfect opportunity when to start buying BTC and when to sell BTC.
Green means, market is oversold
Red means, market is overbought
I trust the NVT Indicator. This indicator does always show the perfect opportunity when to start buying BTC and when to sell BTC.
Green means, market is oversold
Red means, market is overbought
Comment:
Another idea why i think, price will dump again is, that we are still in the big falling wedge (Blue upper and lower line).
I think, there will be another small triangle inside the wedge (Yellow upper and lower line)
It would match perfectly to my prediction that BTC will fall to $2800-$2500
I think, there will be another small triangle inside the wedge (Yellow upper and lower line)
It would match perfectly to my prediction that BTC will fall to $2800-$2500
Comment:
Heres another idea/TA made by @eloquentplatypus
You can see, there is still a bit space on the bottom on the chart.
You can see, there is still a bit space on the bottom on the chart.
Comment:
As i was expecting.. we dumped again below $4100.
Actually i forgot to mention on the first post, that we got a pump range between $4000 and $4200
But with the actual dump, we are again back in the BIG FALLING WEDGE!
We got 2 Options now:
1. Price will move a big up and down and create another Triangle (Like mentioned in one of the screenshots before)
2. Or we will see another BearFlag
Actually i forgot to mention on the first post, that we got a pump range between $4000 and $4200
But with the actual dump, we are again back in the BIG FALLING WEDGE!
We got 2 Options now:
1. Price will move a big up and down and create another Triangle (Like mentioned in one of the screenshots before)
2. Or we will see another BearFlag
Comment:
Another indicator using 3MA's.. looks the same as before.. seems like we will have another dump today ;)
Comment:
UPDATE: Bullflag still in play!
Price may pump to $3890 which was a strong support line and is now a resistance lane.
If it gets rejected, price may fall down to $3450.
But there are a few Support lines before $3450.
So if you go short, may "laddered take profit" orders at 3650, 3550 and 3450.
Short Order 3850-3900
Take Profit 3650-3550-3450
Price may pump to $3890 which was a strong support line and is now a resistance lane.
If it gets rejected, price may fall down to $3450.
But there are a few Support lines before $3450.
So if you go short, may "laddered take profit" orders at 3650, 3550 and 3450.
Short Order 3850-3900
Take Profit 3650-3550-3450
Comment:
Sorry, of course i mean BEARFLAG
Comment:
BEARFLAG UPDATE 2.0
We are still in the beautiful Bearflag!
I updated some things and added another SAFER short position, which
Short:
3850-3900 Its possible that bulls will try to test the resistance line at 3900
3750 Is a safe position.. if lower flag line breaks.. this would case a huge dump.
Take profits still the same 3650-3550-3450
We are still in the beautiful Bearflag!
I updated some things and added another SAFER short position, which
Short:
3850-3900 Its possible that bulls will try to test the resistance line at 3900
3750 Is a safe position.. if lower flag line breaks.. this would case a huge dump.
Take profits still the same 3650-3550-3450
Comment:
UPDATE:
We are still in the bearflag!
The price is super squeezed by the bears and bulls.
No indicator can tell, to which direction we may break out.
We have 3 possible ways:
1. Test the upper Falg lane at $3900, and fall deep down
2. Bullish: If Bulls break $3950, this would be a bullish sign for the short-mid term. Price could test again 4.2k zone or break up to 5k-6k. But that does NOT mean that bearmarket is over. 6k Zone could lead to another huge sell-off.
3. Bearish: If Bears break $3745 (Which is daily 21&55 EMA), this could lead to a ddeper fall to 3650-3550-3450
We are still in the bearflag!
The price is super squeezed by the bears and bulls.
No indicator can tell, to which direction we may break out.
We have 3 possible ways:
1. Test the upper Falg lane at $3900, and fall deep down
2. Bullish: If Bulls break $3950, this would be a bullish sign for the short-mid term. Price could test again 4.2k zone or break up to 5k-6k. But that does NOT mean that bearmarket is over. 6k Zone could lead to another huge sell-off.
3. Bearish: If Bears break $3745 (Which is daily 21&55 EMA), this could lead to a ddeper fall to 3650-3550-3450
Comment:
So 2 hours later we went down after i shared the upper TA.
Dump has been rejected by the bulls at $3650, but it was NOT the real dump which we are expecting. I think the trigger for this dump was the 4hourly "Death Cross" between the 21EMA and 55EMA.
Dump has been rejected by the bulls at $3650, but it was NOT the real dump which we are expecting. I think the trigger for this dump was the 4hourly "Death Cross" between the 21EMA and 55EMA.
Comment:
So, what can we expect in the next hours/days?
There are a few scenarios which i will share with you and post a "Screenshot" for each idea.
A. Most likely to happen:
We had such price action already back in december 2018. In my TA i compare the pricemovement with december. Most people will tell me "fractals dont work". Yeah, they work rarely, but anyway bulls will have to retest resistance line at 3900-3950. If this is being rejected, i will expect another bigger dump.
B. Likely to happen:
Since 4 months BTC moved inside a symmetrical Triangle (Yellow lines). If Bears are able to hold the price below $3815-$3800, then we can expect the real dump in the short term.
C. Least likely to happen:
The least likely scenario is, that we will slowly bleed down to ~$3500 and then have the big dump to $2500.
There are a few scenarios which i will share with you and post a "Screenshot" for each idea.
A. Most likely to happen:
We had such price action already back in december 2018. In my TA i compare the pricemovement with december. Most people will tell me "fractals dont work". Yeah, they work rarely, but anyway bulls will have to retest resistance line at 3900-3950. If this is being rejected, i will expect another bigger dump.
B. Likely to happen:
Since 4 months BTC moved inside a symmetrical Triangle (Yellow lines). If Bears are able to hold the price below $3815-$3800, then we can expect the real dump in the short term.
C. Least likely to happen:
The least likely scenario is, that we will slowly bleed down to ~$3500 and then have the big dump to $2500.
Comment:
A. Most likely to happen:
We had such price action already back in december 2018. In my TA i compare the pricemovement with december. Most people will tell me "fractals dont work". Yeah, they work rarely, but anyway bulls will have to retest resistance line at 3900-3950. If this is being rejected, i will expect another bigger dump.
We had such price action already back in december 2018. In my TA i compare the pricemovement with december. Most people will tell me "fractals dont work". Yeah, they work rarely, but anyway bulls will have to retest resistance line at 3900-3950. If this is being rejected, i will expect another bigger dump.
Comment:
Comment:
B. Likely to happen:
Since 4 months BTC moved inside a symmetrical Triangle (Yellow lines). If Bears are able to hold the price below $3815-$3800, then we can expect the real dump in the short term.
Since 4 months BTC moved inside a symmetrical Triangle (Yellow lines). If Bears are able to hold the price below $3815-$3800, then we can expect the real dump in the short term.
Comment:
C. Least likely to happen:
The least likely scenario is, that we will slowly bleed down to ~$3500 and then have the big dump to $2500.
The least likely scenario is, that we will slowly bleed down to ~$3500 and then have the big dump to $2500.
Comment:
I also found something interesting in the "BTC Shorts Chart", which may be an indicator for a bigger incoming dump.
Everytime when the Shorts were on a lower level then it caused huge dumps in the near future.
Everytime when the Shorts were on a lower level then it caused huge dumps in the near future.
Trade closed: target reached:
Actually ALL ideas were correct here!
Im impressed!
7/7 predictions correct!
Newest idea for the next move is:
Im impressed!
7/7 predictions correct!
Newest idea for the next move is:
Comment:
Correction:
not 7/7..
Its 6/6 predictions correct!
not 7/7..
Its 6/6 predictions correct!
Compare the 20EMA with the 50MA.
You will see that, everytime they crossed, there was a small pump followed by a huge selloff.. This may happen this time again.