Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Dear Ladies And Gentlemen!
Let me start telling you, that even though I believe we will go down short term, we are having a bullish Global Market Sentiment. I will claim, that it's likely that we will enter a BULL MARKET within 3 months.
Here are the reasons - we have for a long time seen:
-Increasing Global Market Cap -Dropping BTC-Dominance -Increasing Global Market Volume
Also take a look at this simple Volume Analysis:
So even though we just established, that the Market Sentiment is overall bullish, I don't think we will go through the ascending triangle now. Too many people have become bullish now, and it would be good for the hiding bears/whales to dump BTC a bit and shake things up, and THEN we will move up again after hitting my dotted line and blue rectangle, which also is equal to 61.8% retrace.
This idea also support our Elliott Wave idea. And at the same time EVEN though we will go down to around 3,7k it will not ruin the overall market sentiment. We are just taking a detour.
Are you ready?
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Comment
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Let's take a closer look - I've now see many Top Traders have the first Elliott Wave counting. This is wring, my ladies and gentlemen.
According to Elliott Waves rules and guidelines, Wave 4 IS ALLOWED to retrace down in 1st wave territory with a WICK.
BUT Wave 4 is NOT allowed to retrace 50% or more of wave 3!!
Mine is one the right - and so far we are still following my idea - we are about to create that C-Wave down.
Let's see if we continue to do so.
Comment
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BTC drop INCOMING! As you can we are caught in a Head & Shoulder formation, which means we will most likely go down.
Also look at the MACD Histogram, that tells us that the bears are getting more and more momentum.
For weeks now I've been convinced that the ascending triangle has room for 1 more fall from 3600-3700 and for weeks everytime I thought BTC was overbought and prime for a fall, it rallied instead. I'm not longer in the belief that this dump will happen. There is NO sell volume at all!!!! BTC will NOT fall below 3900. I think we would be LUCKY to see a retrace under 4k at this point. 3700 is NOT going to happen. Not possible. I bet 1 BTC that BTC won't fall below 3800 (Coinbase chart) which is a $300 dump. Not happening!!
@RichiRichi, Honestly, I would like it to happen, see on more BIG dump but after not seeing any drops at all since really the beginning of this month, I've lost hope. I will welcome a huge drop maybe BTC 5%-10% drop (will lvoe it) but I don't think it'll happen.
TechnicalGurukul
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You back when you can't trade in markets & tell people to join ya paid group lmao
Samedwin
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$3600 here we come... then 6k baybay!!!
WangLai
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Dump is coming
VladimirBashovski
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Hey, nice to meet you again, but dont make people loose money! We are headed to 1500 at least!
Good luck to all
Crypt0J1m
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Well well well..Look who's back. Glad to see it! When moon sir
jy2tradez
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Dump this weekend
Tony_2Trades
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I hope you are right this time! I am planning on buying at $3800 on down.