Maybe a little bit hard for BTC go below 5000, I don't know.
The future of BTC depends on the height of rebound when the short 5th wave is finished. If it stops at 7600, we will have Head&Shoulder structure, then we can say, see you below 5000. If it's more stronger, touch 8000 at the up track, that would be another story. Good luck.
Maybe we will wait for some days to let the path getting clear, I have exit all my short positions, and waiting for another good chance. Enjoy the weekend.
As many of you know crypto is not my field and I would rather leave this to the experts, after many requests from previous btccny idea (see below) falling just shy of 100 cny from out 9k target we came close but no cigar. On the macro side CNY buyers have put the moon path on pause for the second half of January - 5841.68 is the flip, if we don't put our fists...
Bitcoin 159 days of sideways ahead. Price will bounce between that levels $984 and $728. Happy new Year!
Great opportunity to short the bitcoin right now, risking only 0.75% to get 20%+
traders, as most of you saw the previous btc short got stopped for a cool 25k (related ideas) still covering from 720, and added again at 623, if this fails will close 720 for small p and wait for kneejerk up to flibbr's infamous 1000 level to go HAM loading up on S again no mass adoption... no B2B transaction capabilities.... no proprietary moats.... incoming...
Bitcoin: Short position; target 650 if wave 3. If wave C target; 400
Results September 1st. s21.postimg.org s21.postimg.org Fellow crypto traders, ________________________ These are the last week results. We had a tough market to deal with, lots of flat periods. ________________________ I admit I have not been socially active on TradingView at all. As a paid pro-member I've been using the platform to develop serious...
Fellow crypto traders, I admit I have not been socially active on TradingView at all. As a paid pro-member I've been using the platform to develop serious strategies, not to waste time on drawing lines, or do Social Media like stuff. I'm not into that at all... I'm an actual nerd, social in a different way... I've been very happy with the testing...
Traders, The stage is set. no mass adoption... no B2B transaction capabilities.... no proprietary moats.... incoming competing coins all = lower btc price Likes and comments always appreciated thanks guys. #moneylong www.tradingsignalreviews.com
Fractal highlighted is strikingly similar, though the quarterly premium is $10 short of what it was in the first instance. 4h close above triangle is suggesting strength and markets curiosity to retest top of range (4800cny). One should wait to observe how daily closes before entering. As for me, I bought the break/retest of the support/resistance wall.
Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.