trident_71

trident_71

That's the same type of correction we had in 2018 from 19500 to 6k. So we've got a really low risk opportunity for short here.

trident_71

Here I try to compare 2014 LTCUSD correction structure with what BItcoin has now. This suggests that we should have another move down to 2k. I believe that behaviour of cryptomarket is cyclic and every cycle has its clear signs. Still can't see any signs of real capitulation that I mentioned in my very first idea. Let's see what Bitcoin prepared for us.

trident_71 Updated 

Crypto charts are full of patterns but look at this. Litecoin tries to tell us that we've reached our bottom? If you look closer Litecoin repeats Bitcoin 2010-2014 price movement. Just compare 10-14 Bitcoin chart with available LTCUSD one. I used to successfully utilize LTC as a secondary indicator to understand where we are in a current Bitcoin cycle and forgot...

trident_71

So we are close to finish our bear nightmare. It's going to happen in 1-3 months in case we won't get any structure deviations. Thus bitcoin suggests us many ways of future price movement but I would like to consider this one. That's one of the most frequent ways of pullback after such bearish a-b-c corrections. It usually comes with some triangle crap and then it...

trident_71

BITSTAMP:BTCUSD As a bitcoin trader with experience of more than 6 years I remember many corrections and bottoms. During such events I was scrolling through many sites to understand market sentiment and almost everytime bottom was coming I got a feeling inside myself that something big happens and that we're getting to T-junction where we will be close to...