mycotoxin

HODL and do not panic - We are going up in a channel

POLONIEX:BTCUSDT   Bitcoin / Tether USD
794 4 11
HOLD and do not panic - We are going up in a channel explaining the up and down extremes
Comment: if we go past that long tail of the candle numbered 3 the we can accelerated down. But the projected fall is 9600 with the max being 8600. Then its back up again,
Comment: will drop to 88xx
Comment: i missed the tripple doji on the 7 hour candle . Thats about a 1500 drop downwards.
This candle wraps up in 5 more hours. We can expect a fall to the 8xxx area between now and the next 5 hours

Comment: oops wrong graph - here it is

Comment: the direction of the drop is determined by the body of the candle after the doji . The 7 hour candle is moving below the Doji so the direction of the movement will be downwards .

Note this is a 7 hour candle so it can change direction and move upwards past the Dojis in the next 5 hours also which will take it to 11465,
Comment: Note:
There are many Bull trap and Bear trap signals currently being generated in the crypto markets. during this correction . The only way we can reliably tell a coins direction is when it breaks past a resistance point.

BTC currently needs to confirm its direction by crossing the 10560 esistance and it has to do so within the next 3 hour and 30 minutes.
This is because the 7 hour candle wraps up at this time and this candle has 3 dojis assigned to it. The 3 doji formation is very rare but it tells us that strong movement and a decision is going to be made during the next 3 hours and 30 minutes when this candle wraps up and it could be an up or down movement.
Comment: One hour to go then the 7 hour candle decides where we go , it appears to be curving and Im HODLing and expecting an upward move to 11450
Comment: BTC getting ready to move to 10227
Trade closed manually: failed miserably
So about $6-9b of real cash in the market in a $500b market cap. The race to get your money out is on :D.
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i rarely panic but this red thing is leaking down on my keyboard
+1 Reply
Why are you using the BTC / Tether Pair? Tether has already been outed as a scam coin that actually does not have a $1 Reserve for every tether coin.

This is not an accurate representation of the dollar value of BTC?
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mycotoxin derronpocci
@derronpocci, Great question, thats what I trade with as its the BTC option on Bittrex
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