mycotoxin

Someting odd about current BTC movement, theres a drop missing

POLONIEX:BTCUSDT   Bitcoin / Tether USD
504 views
Maybe i have my bear hat on to tight , but if we look at the right angle triangle in the middle we have covered distance 'A' which is a drop to 6126.
The next drop should be 4179 but BTC has gone the opposite direction and ignored drop 'B' which takes us to 4179.
- So we have a missing drop to 4179 which BTC is ignoring and has wandered off to higher pastures .

But Im sure BTC will come back and execute this drop later on and we have to be on the lookout for this drop .
This drop may take place in a few days or next week but BTC does not forget and will come back and hit this 4179 drop ,
Comment: take profits it dips below 7300 as this can become a 4 k drop

Comment: : Folks Im going silent for a while - until I see that 4k drop . Theres no point in posting graphs if it does not reflect what occurs. So either my methodology is incorrect and I need to review or something is aims . I will not further any graphs - But for we can enjoy 1 to 4 days of uptime . It will take us to the weekend.

Thanks you and have a great week
Trade closed manually

Comments

You have to take into account Fundamentals and many other aspects... just doing TA alone does not cut it in this market.
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mycotoxin ultranemesys
@ultranemesys, hahaha
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mycotoxin mycotoxin
@mycotoxin, sorry thats not even funny
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Thanks for your effort.. What I think that who were selling in huge lots and trigger downward movement is the same with who does what we see in this bullrun. He (or them, group of whales whatever) runs when he wants and stops when he wants. Disgusting manipulations are going on.

He may want to push it down to 4000; it is still possible.

What we do is to gamble about the next action of this finicky market maker. Everything is possible.


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asdfghghj asdfghghj
@asdfghghj, In order to make money in this market you don't need TA, you just need to take risk and enter/exit often. dance baby dance
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mycotoxin asdfghghj
@asdfghghj, haha this is true , all always goes back up
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mycotoxin asdfghghj
@asdfghghj, Thanks , I want to watch for a while and see how this plays out .
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idiot -.-
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Good post. BTC closed below EMA 200. Does that mean little force to sustain the reversion? Can you change during Asia day?
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mycotoxin gusccbb
@gusccbb, BTC seems to have run out of gas ,,
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