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wargolynch
Apr 4, 2020 1:00 PM

BTC/USD - Daily - Retracement opportunity Short

(BTCUSDT+BTCUSD)/2Binance

Description

-Rejection from major resistance
-Shoting star candles
-RSI hidden bear divergence
-MACD normal bear divergence

===> -20% potential to next demand zone at 5300
Comments
Spocks-Beard
worked out well..
CoffeeChillTrader
Not sharing any ideas again bruh?
wargolynch
@TheDReysSQ86, Just shooting blanks. So many they're already profitable.
parissap
it can happen specially in crypto, nice job btw
wargolynch
@parissap, You learn a lot in two years. Plus what you're trying to imply is not even relevant.
COVID:
>Dropped back to an ultimate demand zone (see Volume Profile) after a 1 year -85% bear market was clearly finished and a new bullmarket started 1 year beforehand ; apparent superwick.
>Huge weekly volumes on the drop but also on the recovery.
NOW:
>Dropped back to a less important support after a shorter -75% and 200d bear market; no apparent superwick.
>The ultimate demand zone is starting at 12k (see Volume Profile) which is also the start of the monthly MA100 (newer longer cycles could mean laggier indicators); but an absolute retest of this zone is not expressly required.
>Strong volumes on the drop but still lower than COVID; no volume on the recovery.
>75' like inflation (see USCPI).
===> Different contexts. If that was the bottom it's unlikely to recover as fast imho.

Me too, I could go back to your history and look for wonky analysis... Oh wait, it's not even necessary to go back so far in time! The premium membership must be so useful btw... :)
"Especially in crypto"? Dude that's just about volatility, you can find crypto-like charts in stocks...
Sur ce...

Now is different since BTC did not perform as well and does not need to drop -95% in order to retest or almost retest the current macro demand zone.
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