ProwdClown

.786 FIB @ $5,898 Likely Before Reversal to Downward Pressure

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Simply wanted to post a chart to click "Play" for in the future to see how my TA ( Technical Analysis ) in my video publications played out.
Comment:
Comment: Here's a look at chart with indicators and possible peak of upward pressure to end on May 1st when looking at this 3-Day TF.

Here's a look at Godmode in 3-Day TF only: It's POSSIBLE we may have already seen the top. However, we need to wait a few more days to know for sure in my opinion.
Comment: WWOOWW, I get some much needed sleep; then wake up to news like this: "The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall."

https://www.coindesk.com/bitfinex-ny-pro...
Comment: We are likely about to see another SIGNIFICANT drop this weekend. The indicators are looking rather "mean" currently. This BitFinex/Tether episode WILL have a negative affect on crypto prices over the next several weeks. This negative news and its affects will take some time to filter out of the crypto trading community. All of this news means we will not continue with more upward pressure till May 5th or 6th. The drop to FIND "support" has begun NOW in my opinion. I will provide a video publication within the next hour or two. About to fix a pot of coffee.

Comment: You can't help but wonder if this is it (time to find support) due to recent Tether news. The Phoenix ARI has begun to go down in the 2-Day TF. Stochastic RSI also falling.

Many investors especially chinese or asian traders or business types...like to begin new cycles on new moon which is 5th may in this case.
+1 Reply
Very nice work I couldn't agree more... the only thing hard to calculate is the fear of missing out. Which will definitely be in play.
+1 Reply
ProwdClown AdamFleish
@AdamFleish,

Thank you, Adam!

Stay Awesome!

; )
Reply
It is awesome!!
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