bearish scenario that will crush current ATH seekers
200wma is the target, fall below and the world will never be the same again. pop off the top, trigger stop loss and dump. feds win why did i title this "i bet the next drop comes with another global wave of covid19"? just watch this space, to be able to remove hyper inflated money you need a catalyst and just like the first drop was smoke screened by the covid19...
taken from 12h up to monthly this is all the S&R for bitcoin including key ema and all script sets. safe to say if it breaks up it could be the most bullish move ever seen however down seems the easiest path...
scriptA = just confirmed bearish turn scriptB = below trend line and below 50 rsi scriptC = bearish if the price can reclaim the yellow diagonal then we may see a push up however without closing above the clouds it will be a short lived pump.
whack bang in the middle, we are set to be 6000-7000 forever haha, buy the break out...
3 month candle set to close in a few days: above upper blue = support below lower blue = resistance we are also below the 7ema which we only dropped below momentarily 2018/2019, long wick recovery on 14ema in this current candle but coronavirus making markets uncertain
scripts have been flagging downside for a while, after 1 glorious long call in 1999 is it time for Disney to topple over and drop 100? both scripts are preparing sells, to make use of these calls see tradingscripts.best
we are approaching a critical point in the chart that will define how we move for the next year or so: breaking this section could send us to mid bull rejecting this section could send us down to mid bear a reaction at either mid points could send us to either ultra spectrum crucial times, lots of hype and momentum but i feel new cash is needed to push us...
just for fun but looks like another x4 is imminent...
im just poking and hoping here, but that 10th feb sure looks interesting for the corn...
Fibonacci lines up almost too perfectly with the cme gap meme... i do wonder
xrp is making great gains for those who traded near the bottom (as per my previous charts) we are at some resistance here now: - 200dma - monthly 7ema however this is just the start of the big wedge breakout (line charts shows clarity). will xrp ever surpass btc in terms of stature - faster and cheaper transactions with real world uses... would you bet on it?
im not saying doom and gloom but there is a snap back coming: - rsi above key value - strong divergence present - similar date range of previous 2 div pumps - at resistance - "bullish at the top / bearish at the bottom"
you know the score, weve done this before :-)
fakey head and shoulders at top and bottom to generate liquidity for the abc up and now the abc down... doesnt mean we wont see >11k this year tho ;-)
would mean a possible dump to support followed by some grind and lift off. 'if'
Both script A & B still point down, a few weeks above $10500 would change my mind and scripts may flip to bull. see tradingscrips.best for more info on the scripts
Script A is on bullish test to see if can go higher, as it drops into cloud this produces early sell sings (S1), no impact yet as can still recover but one to watch if it drops below for an S2... interested in these scripts? see tradingscripts.best