Kerstin_Ohlsson

A classical reversal instead of a false diamond break

KRAKEN:XBTUSD   XBT / USD
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On Monday morning we show quite a confident downside break consolidating well below $11.5 that we mentioned as a sell trigger on Friday. With a deep Fibo retrace of 61.8% we can expect more price move down the hill, and surely a shallow retrace will be on that way. The best thing to do today would be perhaps to put in your short stop orders from the current low. The price is unlikely to get back to $12K now, however we are to be prepared to one more market visit to that landmark. Enjoy your week start!


Kerstin Ohlsson
Xena Exchange Swinger

Comments

But but.. you said 13K just this weekend? lol
+6 Reply
@vicsp, You were probably inattentive to what I wrote on Friday
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vicsp Kerstin_Ohlsson
@Kerstin_Ohlsson, I don't know.. Maybe I was too attentive watching you getting REKT
+5 Reply
@vicsp, yes exactly! just checked the last few ideas, 6 ideas on a row gone wrong and when finally changed to bullish forecast, Bitcoin dropped hard. ouch!
+2 Reply
vicsp Poukitoun
@Poukitoun, Since it's a 50/50 scenario if the price goes up or down I have to say that she's on another lvl when it comes to bad forecasting. And ofc she gets supported by girls here, not bec she's good, bu bec she's a girl.. smh
+1 Reply
its gonna be slow moving crash
+2 Reply
Nice update
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ferGOD ferGOD
@ferGOD,

We are working on Wave 4. If this level holds then we could say Wave 4 is complete and the Bulls are still in control. We may be going up to complete Wave 5 soon. Ifthis plays out as expected we should start climbing out from here.... If my count is correct we just completed Wave 4 and are starting Wave 5 UP! So long as the price of Wave 4 does not start making candle closed 4 hour or 1 day closes below the top of Wave 1 (Closing price) the Bulls are still in the game. I guess we will all find out soon enough....
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Nice call Kerstin right on que. Also check out my analysis of the coming week and let me know what you think. Do you believe BTC will go below the $10k psychological buyer support?

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Cool! Like your work

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