This is how I see this next 3 days going. None of the end points are meant to be exact values, simply the direction and roughly estimated End value for that time frame.
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It is starting to look like their maybe a fake rocket up after the weekly close followed by the dip if the dip dont happen instantly after weekly close. The chance of the 8 hour candle after weekly close not being red is slim, i expect the next 2 to be atleast slightly red candles
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Alternatively a fake run up may be picking up as we get closer to this close and then a few mins before weekly close we drop back to target area and close and then drop more
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Close where I expected followed by a fake pump as expected and dipping below close now as expected.
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8h closed a little lower then expected but like I said I just rough estimated the 8h close.
Their is a slim possibility where we go much much lower and stay down below here for around a week before heading back up but I doubt that happens. A close of the 12h or the 8h below $9600 would be the red flag. The further below $9600 they close, the bigger the chance of us not going back up for at least a week
Their is a slim possibility where we go much much lower and stay down below here for around a week before heading back up but I doubt that happens. A close of the 12h or the 8h below $9600 would be the red flag. The further below $9600 they close, the bigger the chance of us not going back up for at least a week
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The second 8h candle is about to close right on track. As long as it is above $9600 things are looking great for us to move upward almost immediately. 1-2 hours after this 8h closes in 20mins i expect us to start moving quicker upward.
Beware of the fake dump, always have good margin not like the hundreds of people that just throw away their money by getting liquidated from a fake $100 dump. I always use max 20% of my stack on a position and set a order for 10% more at -$100 and 10% at -$200 to catch any fake dumps. The rest is all for margin so that if a crazy $400-$600 quick Dump happens im not forced to close with huge losses or liquidate.
Beware of the fake dump, always have good margin not like the hundreds of people that just throw away their money by getting liquidated from a fake $100 dump. I always use max 20% of my stack on a position and set a order for 10% more at -$100 and 10% at -$200 to catch any fake dumps. The rest is all for margin so that if a crazy $400-$600 quick Dump happens im not forced to close with huge losses or liquidate.
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This dip is no worry, was just a chance to add to your position. We should come backup and close 4h at $9650+
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The 2 key targets for day close are $9700 and $9900
If we close below $9700 then the number of possibilities is too great to bother mentioning but almost none of them are us going up. We will go sideways or down.
If we close below $9900 but above $9700 then chances are much more likely that we go sideways and chop up and down $200-$300 for 5-6 days.
If we close above $9900 which is still the highest probable outcome then we almost definitely go up to $12k+
If we close below $9700 then the number of possibilities is too great to bother mentioning but almost none of them are us going up. We will go sideways or down.
If we close below $9900 but above $9700 then chances are much more likely that we go sideways and chop up and down $200-$300 for 5-6 days.
If we close above $9900 which is still the highest probable outcome then we almost definitely go up to $12k+
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I still find it hard to believe we will go down further right now. Wo although it would be kind of unusual, i believe we will still go up but it has to happen by day close today.
The 200MA has never been closed below on the 4h chart during a bull run, likewise, no 4h candle has ever closed above the 200ma during bear season. We are now sitting on the 200MA at $9520 so I doubled my position and will close it only if we close below the 200ma on a 4h candle
The 200MA has never been closed below on the 4h chart during a bull run, likewise, no 4h candle has ever closed above the 200ma during bear season. We are now sitting on the 200MA at $9520 so I doubled my position and will close it only if we close below the 200ma on a 4h candle
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If you feel like making a gamble. You could long right now in 9300s. I once again doubled my position bringing my open into 9400s. Im counting on us jumping up within next 33mins to close the 4h on the 200ma
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It did not do what i was hoping but I was lucky enough that it went up enough to where I closed with little loss when it turned back down. I will not be posting any new ideas for a few days because I will be taking a brake to avoid letting this confusing action effect my decisions.
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Not going to make a new post for this since its just a small piece of thought for now.
I had originally said in this post that we would have to go down and then sideways for atleast a week if we did not close Monday at $9700+ minimum and we did not close at $9700+ so we fell and are going sideways. My prediction remains the same rough timeline. We should finally Be corrected at the 4hr timeframe as of day close in 4 hours. We are already corrected at all time frames below 4hr.
So this is almost over imo. I predict a floor of about $8300. We have to go lower and lower for each higher time frames correction.
Once i have a detailed prediction I will make a new post with all the details but for now, I will just say we may hit the floor as soon as Saturday night and start slowly moving up as the corrections finish or we may not floor until Sunday-Tuesday, too many paths atm. The longer it takes though the bigger chance that we see a big spike up right after we touch the floor. For $500+ in a hour or less
I had originally said in this post that we would have to go down and then sideways for atleast a week if we did not close Monday at $9700+ minimum and we did not close at $9700+ so we fell and are going sideways. My prediction remains the same rough timeline. We should finally Be corrected at the 4hr timeframe as of day close in 4 hours. We are already corrected at all time frames below 4hr.
So this is almost over imo. I predict a floor of about $8300. We have to go lower and lower for each higher time frames correction.
Once i have a detailed prediction I will make a new post with all the details but for now, I will just say we may hit the floor as soon as Saturday night and start slowly moving up as the corrections finish or we may not floor until Sunday-Tuesday, too many paths atm. The longer it takes though the bigger chance that we see a big spike up right after we touch the floor. For $500+ in a hour or less
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I take that back, we hit the low i believe. I took someone else's word for the 50% retracement but just decided to chart it myself and 8448 is the low and we hit 8438.
I would suggest opening a long
I would suggest opening a long