Sometimes we have to understand that water goes to the easier way on short term, BUT the storm is almost over, and very soon we will start the bull market.
Although, MAs 100 and 500 are not stable yet, so the easier way is down, for now, after that last short wave we will have buy area, at around 5.700.
This is what "The Moving Water"- my new trading perspetive is saying.
We are still improving it and testing it, but it has been doing great job.
Excitement and Panic are always the enemy!!!
GOOD LUCK. GOOD PROFIT.
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Just hit the strongest resistance and the ma 500.
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Can you see the wall?
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tried really hard to break the wall, but could not go through.
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Hi followers, bulls are trying really hard to get the price up. But price still did not close over MA 100 on daily chart.
I recommend to wait until tomorrow, to see how it goes.
good luck. good profit.
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The short term did not work, because a BULL TRAP was spotted, and the price went to almost 10K, like the chart below. So, I canceled this chart.
Good Thing the MOVING WATER spotted the BULL TRAP.
Thank you for following.
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So, only for short term the bearish momentum did not work because of the bull trap. But BTC is still falling, bull trap is over and now it is going down for real.