UnknownUnicorn1824771

XBT BULLISH FOMO IS JUST A FACADE

BITMEX:XBTUSD.P   Bitcoin
REDACTED XBT INTRA-DAY BREAKDOWN - 14/03/19

WHAT HAS OCCURRED SINCE OUR LAST XBT (BITMEX) INTRA-DAY BREAKDOWN ?

Our previous analysis of XBT ON THE 24TH OF FEBRUARY ENDED WITH THE FOLLOWING CONCLUSIONS:

TO SUM UP :
1. SHORT CALLS WERE GIVEN AT 4127$ IN REAL TIME ON OUR PRIORITY DISCUSSIONS.
2. THE TARGETS FOR THESE SHORTS WERE 3870$ AND 3700$ RESPECTIVELY.
3. NOW, I ASSUME FURTHER BEARISH ACTIVITY UP AND UNTIL 3550$ FOR SUPPORT TO BE FOUND.
4. THIS IS IN LINE WITH BEARISH PREDICTIONS FOR BTC/USD TO SEE SUPPORT AT 3650-3700$.
5. A CONTINUED CALL FOR THE NEXT MOVE WILL BE GIVEN ON OUR PRIORITY CHANNEL IN REAL TIME AS BEST AS I CAN.
6. DO NOT RULE OUT THE ABILITY FOR XBT TO FIND SUPPORT AT EITHER 3610$ AND 3550$ TO ASCEND TOWARDS 3900$ ONCE AGAIN THEREAFTER.

REVIEW :

1. AFTER SHORT CALLS WERE GIVEN AT 4127$ IN REAL TIME ON OUR PRIORITY DISCUSSION AND ALSO OUR PRIORITY CHANNEL.
2. OUR FIRST TARGETS OF 3870$ AND 3700$ RESPECTIVELY WERE ACHIEVED.
3. THEN WE FORECASTED THAT WE WOULD SEE FURTHER BEARISH ACTIVITY TOWARDS 3610$ AT THE MINIMUM.
4. OUR SECOND BEARISH TARGET WAS 3550$ BUT WE ARE YET TO ACHIEVE THAT.
5. I INFORMED PRIORITY MEMBERS TO CLOSE THEIR SHORTS AT 3610$.

We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.

TO CONCLUDE:
1. WE FEEL THAT PRICE REJECTION WILL OCCUR.
2. 3750$ IS THE MAIN PRICE FLOOR AT THE MINUTE AND IN ORDER TO BREAK MAJOR SUPPORTING TREND LINE, THIS LEVEL NEEDS TO BE BROKEN.
3. BREAK OF 3800$ WILL BE THE FIRST SIGN OF SHORTS BEING VALIDATED AND WILL MEAN INVALIDATION OF SHORT TERM WEDGE BUT NOT A BREAK OF MAJOR SUPPORTING TREND LINE.
4. THEREAFTER, SHORT TARGETS ARE TO 3610$ FIRSTLY AS THIS IS THE FIRST ZONE OF MAJOR RESISTANCE AND A BREAK OF THIS ZONE WILL LEAD TO 3427$ SUPPORT BEING ACHIEVED.
5. THE LAST POSSIBLE SUPPORT ZONE FOR THIS MOVE BEING INTERVENED BY THE BULLS IS AT 3550$ WHERE HISTORICALLY BULLS PICK UP PRICE ACTION.
6. FINALLY, DO NOT FOMO, 4050-4100$ IS THE MAXIMUM UPSIDE POTENTIAL IN ANY GIVEN SITUATION AND THIS WILL ONLY BE VALIDATED BY A BREAK OF 3920$ AT THE TIME OF WRITING.

** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **

PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.