Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Big dump expected
Why ?
- Clear WXYXZ formation - Moonboys all over the place - More Liq on the downside than the upside - Path of least resistance - Last run up was around 8 days, same cycle as right now - We are at the top of the channel
If you don't believe me just wait the next days and open this chart back up.
Remember, you are warned
Comment
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Stoploss hit, followed by a dump. Simply re-enter the trade, and put your SL above the previous high
Comment
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BULLISH SCENARIO, with an alternative account.
Comment
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Possible Fractal, not the exact same situation but may give us an indication of where we are going
Hi dud, I followed you, it is a very nice analysis, actually, I saw it coming from other Engel, and then I saw your idea, and it was a bull's eye!
or bears eye ;)
KoopmansTrading
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@josque, Thank you very much, hope you got profit out of it. Cheers
josque
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@KoopmansTrading, yes a humble one...
I'm an ex stock market trader, I'm just trying to see if I still have it,
I have a question about the position of your X's?
why did you choose to put them there?
KoopmansTrading
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@josque, Every move in this structure has been Made of 3 small waves wxy into a big one. I put the big X there Because it was exact 1.618 of w to x. Also a clear distribution cycle was clear. Thats why I thought this would be the outcome. However I got the reputation I needed to talk, so this Will be my last time posting charts.
or bears eye ;)