MrPipa

MrPipa

Good risk reward play here. I was initially looking a bit deeper but now have considered this to be more appropriate area to take. Long entered at: 27450 TP: 30250 SL 26840

MrPipa

Pretty self explanatory. Way overextended with a big fat div printed. Target 18100

MrPipa Updated 

Everyone waiting on the Fed speech today. This is where I look for the markets and crypto to create a divergence. Markets down Crypto up

MrPipa Updated 

Everyone is waiting today on the feds policy speech. Speech is likely negative, traders taking year end profit. Its been decided IMO.

MrPipa

Everyone scrabbling and repositioning. Everyone going into cash. Everyone keeps looking lower. All we did was test the expected June lows and get a lot of assets into an oversold position. October should will bullish.

MrPipa Updated 

Bears are starting to lose momentum, look for bulls to take over for a brief period as they consolidate in this range.

MrPipa

Just posting this idea for myself basically... We should should bottom this month where there will be another reversal to the upside. For now I am thinking 29200->50,000 then die.

MrPipa

Either we break and go down pretty hard into May or this gets somewhat saved by going up this weekend. GL

MrPipa Updated 

I believe were on the verge of seeing a big breakout to the upside starting anytime this or next week. If we can manage to clear 47k, my target would be approx 52000 where we should see a rejection back to 46xxx before running into May with a HH @ 53xxx Drawing is my vision for April-May and how I am interpreting what I am seeing at the present moment. GL

MrPipa Updated 

I am thinking short term, this looks like a lot of sense to me. However I do except a weak bounce and then a break at some point.

MrPipa Updated 

I believe we can see 49k in a few weeks. As for this week we need to hold off the bears, if we can get a sudden rush of buy orders we potentially can see 43k pretty fast before trickling back down andt setting up the higher target. If we can hold this 37.5 k area by daily close, I'd say things are looking more optimistic.

MrPipa Updated 

This might take a few weeks until we reverse again to the upside. In the mean time I expect us to drop potentially to 39800 before we retest upper resistance.

MrPipa Updated 

We are likely to break 40000 this week where we should test the mid 37k range.

MrPipa Updated 

My Shorter Term Analysis of the next few weeks. We have reached near my 1.618 fib and now we are starting sub wave 2 to 33xxx

MrPipa Updated 

Everything is pointing north.. there is barely any reason to think this idea will play out. Yet my comfort level being bullish here is very slim to none. Something big is going to happen in the next 24-48hrs. If we fall we could of likely top already at 63100, but I think there is room for 66k before falling. So playing devils advocate and gonna watch the show,...

MrPipa

It’s a stretch but if we fail here.. I can see a downward channel or bull flag developing.

MrPipa

Look to add to your existing positions when btc hits 46700-49000

MrPipa

This is clearly a bear trap for me and we gonna squeeze up again before falling apart.