Mock Up Price Action for BTC I'll Be Tracking Through Next Week
Mock Up Price Action for BTC I'll Be Tracking Through Next Week
Comment:
After observing how last night and this morning went, we've found support at this major trend line as expected. I believe and will be watching for it to play out before I long anything:
- Sat Sun bounce from support and slowly run up towards 22,400
- Mon morning 5am-930am we will peak at or slightly impulse for bull trap above 22,400-22,600
- Mon lunch time into afternoon, slowly round the corner from the morning, and then DUMP.
- Mon afternoon through Wed afternoon, BTC falls to 20,700-21,100 and ranges there in a scary looking way.
- Pump fake up and down type volatility to shake people out, scare them into closing longs, trick the rest into opening shorts, and then Wed night Thur morning after some kind of stop loss targeting and shakeout, a massive pump up
- Turnaround Thursday pump into Fri bullish BTC followed by bullish alts as we continue our merry way upwards towards 28,900-32,600 BTC area as the next big major resistance point and likely market dumping down.
- For speculative trading with futures leverage, I am looking at dipped down strong / very strong support level prices of my favorite "hot coins" that have historically provided massive volatile runs. I never do more than 2.5x leverage out of caution.
- For my main and only thing I care about big money play, I am accumulating large quantities of XRP, spot trading tokens only no leverage, at incremental prices 0.37 down to 0.32 staggered across buy limit orders. XRP is honestly the only thing I care about.
- Past that, more speculative to long term, I am also accumulating CSPR and LINK.
- Very speculative I will be accumulating BAND.
- Sat Sun bounce from support and slowly run up towards 22,400
- Mon morning 5am-930am we will peak at or slightly impulse for bull trap above 22,400-22,600
- Mon lunch time into afternoon, slowly round the corner from the morning, and then DUMP.
- Mon afternoon through Wed afternoon, BTC falls to 20,700-21,100 and ranges there in a scary looking way.
- Pump fake up and down type volatility to shake people out, scare them into closing longs, trick the rest into opening shorts, and then Wed night Thur morning after some kind of stop loss targeting and shakeout, a massive pump up
- Turnaround Thursday pump into Fri bullish BTC followed by bullish alts as we continue our merry way upwards towards 28,900-32,600 BTC area as the next big major resistance point and likely market dumping down.
- For speculative trading with futures leverage, I am looking at dipped down strong / very strong support level prices of my favorite "hot coins" that have historically provided massive volatile runs. I never do more than 2.5x leverage out of caution.
- For my main and only thing I care about big money play, I am accumulating large quantities of XRP, spot trading tokens only no leverage, at incremental prices 0.37 down to 0.32 staggered across buy limit orders. XRP is honestly the only thing I care about.
- Past that, more speculative to long term, I am also accumulating CSPR and LINK.
- Very speculative I will be accumulating BAND.
- If BTC bounces from here and runs to 22,400
- I am going to shave down all of my speculative alt coin minimum bag holds to lower, respectable value
- With freed up funds from shaving, will stage on exchange and then set buy limit orders at staggered lower dip prices from here for XRP, CSPR, LINK, BAND
IMMEDIATE SHORT TERM FACTORS:
- On 30 minute timeframe for BTC with macro trend lines and moving averages... looks like we're poised for a bounce here
- RSI trendline just barely broken
- RSI at 50 chillin neutral
- BTC price bars looking like just regained foothold on moving average ribbons after a shitty day of down and sideways and down
- 12 hours after the shittiest down from today, is typically 'almost' an equal move up in the opposite direction, which is now till 1am central timeframe
REFERENCE: