Some people are comparing with the $3000 level bottom. Could be, but Im waiting for some confirmations.
This is why $8000 is so important right now, its the level where the "average joe" bought BTC last time. If the Average Joe lost the $7700-$7200 level, $5555 can appear with a click of a bottom.
This is not a trade advice.
There is 2 triangles, possible scenarios.
Im using fibs and triangles. RSI at the top is the best indicator for me, ADX and MA is just confirmation, the price, loves round numbers and fibs areas.
Its not a trading advice, just to remind that the bottom is near!
Like it?! Comments are very welcome.
Have a great weekend!
What to do with that targets? Its up to the "trader".
Some time I will show based timeframe. We are pretty busy this week :D
Tip, always use take profit and stop loss when you enter in a position... You need to know where the price is going and where it cant go... If you are not doing this, you are just gambling.
And another tip, stay away from the "gurus"...
If you give me one reason to be bullish, tell me, and I will cancel all my orders. But be incisive, or, I will dump hard!
Binance US Closing...
Binance opening later with 5 "coins", only?
$10K support in flames!
Hi... im not a teorist, I wont start to type any kind of magical soluction or throw shit in the air.
Im just show my work.
In white lines, its a downside channel.
In Yellow, its a BEARISH Triangle with a 33% HEAD and target to $6000 or $5500.
Teh green line its just a TINY SUPPORT that can work as a dead cat bouce..
The "ALTS" like ADA, ZRX and others are in...
Ok BITCOIN... almost 70% of market share is not for everyone...
Im swing in to $12.222. Watching closely the brekout. If not break, $8.200 is a buy price.
I will try to keep the idea updated.
Have a great week!