myceliium

Thoughts on Current BTC Moves...

myceliium Updated   
BITMEX:XBTUSD.P   Bitcoin
Wrote most of my thoughts on the chart in a rush. Lets see how this pans out.
Comment:
s3.amazonaws.com/tra...shots/i/iqUlXkjX.png

Here comes the channel test. BTC should meet resistance here but if it breaks, onwards and upwards
Comment:
s3.amazonaws.com/tra...shots/b/Bp8s9RQX.png

I realize i forgot to add a target for bounce failure so here it is.
Comment:
Not enough bounce to break through to target
Not enough panic to fall to max pain
Perhaps BTC might just sideways for a while...
Comment:
Looks like Bounce was just delayed and Target is still in sight
Comment:
s3.amazonaws.com/tra...shots/s/skENdfDw.png

Target may not be hit because of delayed bounce. Just need to dial up the FOMO meter a notch...
Comment:
s3.amazonaws.com/tra...shots/3/30RFxjC1.png

BRB, turning the FOMO meter up to 11...
Comment:
Target Hit. Not exactly where I place it but hit nonetheless. Maybe next time ill draw a bigger target.... =]

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.