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umur.ozkul
Jul 1, 2018 8:23 PM

KEY short. Drop in regression band with a possible H&S Short

BINANCE:KEYBTC15

Description

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Key is dropping. There are 2 possible support levels. Current order book is validating the lower support level for trend reversal

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First support reached

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There is still a head and shoulders possibility

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It reacheched a support level now (358). It is trying to stop there

If support fails, the lowest support it will go down to is 268

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Waiting for support confirmation

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Still not confirmed...

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Still crashing.
There is a pattern
1 small rise
2 small drop
3 possibly bigger rise
4 crash!

Each episode is approx 7 hours. Killing the traders that believe the bottom is found.

Trade closed manually

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End of short. Out of Regression Band
Trend AnalysisKEYBTCkeybinance
Comments
ReneEin
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Hi! How low it will go? what do you think?
umur.ozkul
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@ReneEin, It reacheched a support level now (358). It is trying to stop there

If support fails, the lowest support it will go down to is 268
ReneEin
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@umur.ozkul, how u see key next couple month?
umur.ozkul
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@ReneEin, I cant say anything that far.
In the short term, it will make a bubble upto 600 and than crash again. Long term is beyond TA
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