Sat back and watched this pair from my last analysis when I said it would come back to this level...I didn't think it would take this long to retrace here so I believe we will see another push into the 1.20000 - 1.20300 region. This is one to watch for the upcoming week. This is a swing trade with possibilities to hedge throughout the gradual decline, I will be...
My bias on Bitcoin still stands. We will see pull back regions to these blue zones these blue zones will be to launch pad for the real pump...this is just a trailer of what is to come.
What a drop... It was going to happen at some point and I believe this to be the end of the pump (for now). I see one more push up to the 'dead zones' before we really see a classic BTC dump! One huge giveaway of why I thought it was time...lots of friends and family asking how do they get in. If the average person wants to get in at ATH (when it is to late...)...
I was just saying to someone yesterday that $1 XRP isn't going to happen this time round but looking at current price action it's looking very likely. If we break and close above this wedge then the blue highlighted zones are where I think price can go to and reverse from. Overall bias is short but just catching the movements in between. If we can't break then it...
I'm watching BTCUSD very closely now...I think we are at reversal time. There are two scenarios which I see happening form this point...We break the wedge hit ATH and the plummet or we break the channel and plummet. Either way you know my bias, I think this will be Bitcoins final huge drop before surpassing ATH and just going absolutely nuts.
I see one final push from bitcoin before we have a mass dump!
So here we have it...THE "BULL RUN" we have seen some lovely bullish movement the passed week in crypto. BTC has slowed down whilst alt coins still climb...is it fluke? alt season? all of the above?. I believe Bitcoin will see one final gigantic dump before smashing ATH to the point of no return. Why I am talking about bitcoin on LINKUSD? lets see... My theory as...
Those that follow me know I got rkt on my BTC short calls but I still do truly believe we will see a glorious dump before the real parabolic bull run! Call me crazy stupid dumb or whatever you like but I truly believe the price action on LINK will play a major hidden part in BTC reversal...I will post my reasoning soon. If the weekly candle closes outside the...
The weekly close was so important for bitcoin which so many have overlooked. This current movement is a fake out to get everyone long. The market will dump to the zones marked before initiating the bull run!. I believe this dump will be for institutions to gain mass accumulation and to scare other investors away! NO MOON YET...PULL BACKS MUST HAPPEN FIRST. Trade...
Short this pair for the mass dump to $7800... In depth analysis to follow soon...
GOLD ISN'T DEAD YET... -Starting to see accumulation around this area -Corona virus vaccine found but not rolled out yet -Economies still suffering and will continue to do so -Institutions will want more distribution positions before a continuation downwards -Pull backs and untested zones still need testing
MAJOR DUMPS TO COME NEXT IMO. We have still have not closed out of the channel on the weekly which is extremely important.