We have a much lower drop than expected because there are so many stop losses and liquidations in this circled "Stop Hunt" area (which WALLST investors are taking full advantage of). However, we are meeting with two hidden support lines (pink and purple) and converging with the Weekly 150-EMA. It may not look like much, but this is HUGE support and the big players know it!
Don't let the talking heads fake you out. This is phycological warfare right before Christmas when no one is at their computers to trade. I cannot wait to see what happens in the next couple weeks.
Where is the bottom? Somewhere around 22,500 but be conservative and don't try to be first in, you should wait for the signs of reversal. A lot of folks will wait for the 21,000 support with the 200EMA but this incorrect, and they will miss out on the fake-out!!
Merry Christmas
-racethahair
Ps. checkout my BTC charts where I successfully called the bottom at $3150 before anyone else!
Don't let the talking heads fake you out. This is phycological warfare right before Christmas when no one is at their computers to trade. I cannot wait to see what happens in the next couple weeks.
Where is the bottom? Somewhere around 22,500 but be conservative and don't try to be first in, you should wait for the signs of reversal. A lot of folks will wait for the 21,000 support with the 200EMA but this incorrect, and they will miss out on the fake-out!!
Merry Christmas
-racethahair
Ps. checkout my BTC charts where I successfully called the bottom at $3150 before anyone else!
Comment:
Please like and follow as I will be updating this idea with each confirmation of the reversal
Comment:
So far so good. DJI has its fourth BEST day ever, less than two weeks after DJI's best day EVER. You should wonder why you heaven't heard the talking heads mention this..
Comment:
Give yourself a pat on the back if you made it through that nasty stop hunt, perfectly called!
Comment:
Now shorts are getting liquidated, this is how the game works folks... I hope you followed my advice, but if you haven't yet, better get on the train. Your first loss is your best loss, so take it and go long. Pride is the killer of profits, trade the chart, not your emotions.
