BTC one step at a time to lower lows :). Still Bearish.
I have enough confirmations that we are at bearmarket now as i have been since the beginning i started to publish. One small correction to 10k from 6,5k cant change that :). We are correcting 2017 prices.
So what happens next. We broke the channel floor and started to go down. Our first small A (or W) -Wave is done leaving us just below the channel. I see is going sideways for a day or two so that we can form a bearflag like i predict in this chart. It's not necessarily 100% like that and i cannot say when it breaks but i definately see that we will go down. So what is my roadmap for short term trading.
1. Waiting for B(X-wave) to go 9400-9600 regions. And then ill move to short
2. Short until 8600 or keep shorting depending what indicators we have
I still keep updating my bigger chart which i linked here. Make a note that in my big chart i have very big ABC retracement series. That is actually WXY. I marked it as ABC to keep it simple for beginners to understand what that is. And its NOT WXY for this rise from 6.5k to 10k. Its retracement from 2017 bullrun as is this whole downtrend we started at the end of 2017.
Ill keep posting
So what happens next. We broke the channel floor and started to go down. Our first small A (or W) -Wave is done leaving us just below the channel. I see is going sideways for a day or two so that we can form a bearflag like i predict in this chart. It's not necessarily 100% like that and i cannot say when it breaks but i definately see that we will go down. So what is my roadmap for short term trading.
1. Waiting for B(X-wave) to go 9400-9600 regions. And then ill move to short
2. Short until 8600 or keep shorting depending what indicators we have
I still keep updating my bigger chart which i linked here. Make a note that in my big chart i have very big ABC retracement series. That is actually WXY. I marked it as ABC to keep it simple for beginners to understand what that is. And its NOT WXY for this rise from 6.5k to 10k. Its retracement from 2017 bullrun as is this whole downtrend we started at the end of 2017.
Ill keep posting
Comment:
So we are still in A (W) wave. Entered to shortposition. Closing short at 8600
Comment:
Still holding on to my short. If it pumps to 9400-9800 regions i will ad more to my short position. It should be clear by now even for the bull's that even in the most bullish scenario the retracemt has begun.
Comment:
Seems like B is about to start. Lets see where this bounces
Seems like B is about to start. Lets see where this bounces
Comment:
Updated this 12 hours ago and it seems to follow this snapshot pretty accurately. So we have fininished the A Subwave of B-wave and about to start B-Subwave of B-wave which will go slightly down, so dont get scared. Id say bout 9100-9200 levels. From there we will start Subwave-C of B wave which will take us approximately 9400-9600 levels. And then the storm starts!!!!!!! :)
Comment:
Add to that: Dont get confused, my ABC is marked as WXY
Comment:
Referring to my last snapshot: Orange X just started. Right on time. shouldnt go under 9k. estimate 9100-9200 then back up 9400-9600 before the crash
Comment:
Definately something major is happening "soon". Volume is very very very low. It doesnt need much money for someone to love the market with this volume. Be cautious! I will adding more to my short position below 9k or above around 9500 depending which hits first. If we go below 9k we wont hit 9500 again atleast for a while
Comment:
Love=move. :). Typos.....
Comment:
So it took 5hrs something to happen from my post. If this doesnt go below 8950 we are in that orange small X wave that i predicted in my last post. I predicted it to happen little bit sooner but better late thatn never. If it does go below 8950 we have already done that orange small X wave. I dont think we have. Im waiting for that bounce to above 9400 where i stack some more to my short and getting ready for the BIIIIIIIG C (Y)
Comment:
Should bounce soon. Because this B(my orange X) was so extensive the last subwave of this upgoing correction will possibly end near 9400, not 9600. So be very cautious when over 9300. I will post an update when i go short.
Comment:
And as you know, im in short position. It seems that the C wave started.
My target:8050
My target:8050
Comment:
Still wondering that B wave. It was so dim. But still valid.
Comment:
Possible solution in snapshot here. Just because im wonderin that dim B it's very possible that we are still in wave A or just finished it below 8900. Correction is not over. that much is clear and we are going to atleast to 8k even in the most bullish scenario. This is purely my opinion.
So to this snapshot. Ive marked this as WXY but you can also mark it as ABC if it makes it easier to picture. I well aware the differences of ABC vs WXY so no need to give critics concerning that (different sub waves etc). It's irrelevant at this point. Targets are relevant. B- wave (X in my pic) is usually a wave to give the final trap to bulls before drop. Now the B was pathetic if it really occured so this is how i see a perfect bull trap (orange X) where first we go down to 8k and then we annihilate shorts by going back to over 9k and then the storm breaks.
But as i always say. One step at a time
So to this snapshot. Ive marked this as WXY but you can also mark it as ABC if it makes it easier to picture. I well aware the differences of ABC vs WXY so no need to give critics concerning that (different sub waves etc). It's irrelevant at this point. Targets are relevant. B- wave (X in my pic) is usually a wave to give the final trap to bulls before drop. Now the B was pathetic if it really occured so this is how i see a perfect bull trap (orange X) where first we go down to 8k and then we annihilate shorts by going back to over 9k and then the storm breaks.
But as i always say. One step at a time
