here is an update at the end of Septemeber (wherever Btc shall be there is big risk of reversal) p.s. its possible we may go just to 23.3-23.5 and then down, i may be 55 vs 45 we retrace from early september until late September
but on the other hand it may blown it to 26K, and then reverse, it all depends what it will do until the end of the month. If we took the trenline without the wicks just the body and if we put FA into it, it makes some sense
yes it is low on info, I am tired of explaining it, this "shit" excuse me for calling it shit, but it is in the making of golden cross, way below both MAs 50 and 200 on daily, so into anticipation of a future golden cross, it should try to touch the trendline, bcs. it has dropped already the likely it is that it shall go up to test the trendline, or at least to go up to some devil point 26.666, where the first line of R. shall be.
cons are that MTGOX shall be released, inflation news, which are already priced in IMO, and September, but it can rally into the start of the month, then we can go down again to the MAs, everything is possible, just that this up movement seems more likely, but it can go down even more not saying it wont. But Tuesday Wednesday was bottom for the past month, and then slightly retracement on Friday until Powel makes the speach, then it should be green into the end of the month this time, and not only after the new candle, same as it was July into August, then dropping in September, hope now its more clear.
zahramosavi855
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thanks but your idea is konfousing
SwallowPremium
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Little bit messy and low on info, but thanks for sharing
cons are that MTGOX shall be released, inflation news, which are already priced in IMO, and September, but it can rally into the start of the month, then we can go down again to the MAs, everything is possible, just that this up movement seems more likely, but it can go down even more not saying it wont. But Tuesday Wednesday was bottom for the past month, and then slightly retracement on Friday until Powel makes the speach, then it should be green into the end of the month this time, and not only after the new candle, same as it was July into August, then dropping in September, hope now its more clear.