E55

Huge target $4000 stays - I told you

BITFINEX:BTCUSD   Bitcoin / Dolar
Patience is key and this is why I said wait for clear sings of an uptrend.
Just look at the volume , there was nothing. Buyers were too weak for me to begin a new rally. And stop getting bullish because of a small uptrend. After a huge drop there will always wait a bigger correction for us, this is the normal circulation of a market.

Now here we are. The question is now: Is this the end of the structure?
My answer is: We don't know.
Let's see if we can break the bottom. If yes next big support is waiting at around $7000-7500.

I am bearish and will stay bearish until we see the bottom. No upmove in the world will stop me.

I wish you good luck my bears.
Komen: IF we go down more it is very likely that we see a pullback at $8700-8750. Nothing special. RSI oversold and needs a regeneration.
Komen: Looks like Bitcoin going higher. I see $500 potential to the upmove before it goes down.
Komen: This probably will go one more time up sharply to ~8800$ to complete an ABC pattern. Would like to show it, but have only my phone with me. If I am right we will test $7200-7500 area. Stay prepared.
Komen: *if I am right we will test $7200-7500 area after that.
Komen: Wait until we go below $7900, look for a bounce and a flat if you want to take the trade. But after a breakout of a flat put a stop loss below the previous impulse to stay safe. I won't take it because I don't like to trade corrections.
Komen: Doesn't look like we will see $8800 but possible. Nevertheless we should break $8400, so if you are in put your stop losses with the move.

This will be another huge fall.
Komen: When we break $8800 with confirmation I will look for buys. This would mean we will have a bull run until we see the drop.
Komen: Perfect prediction. We broke $8400 and didn't see $8800. Now we closed daily candle at ~$8300 what is a bearish sign.
I will post new chart when we reach $7500-7200 because target stays like mentioned in the idea above.
Komen: Currently too many people are waiting for a huge drop in my eyes. Now I see a structure which would mean a bull run until we see the crash. Later I will post the idea.
7.2k<BTC<7.5k :)
Balas
Disagree. Not yet. It's - BTC -not done with this downturn quite yet. Time will tell.
Balas
You the man! Thoughts on recent price action?
Balas
Agree with your last idea. Too many bears, might be a bear trap for a short squeeze and a subsequent bull trap for the last leg down
Balas
Agree with your last comment. Don't know your idea but one possibility I'm thinking is going back up from 7300 for a triple top double zig zag, then back down. Lol... sounds f'g stupid when i read it back!
Been following your ideas with interest. Thanks
+1 Balas
Good Call so far. Well done.
Next Trade points For day traders Saturday
Balas
Well done with the updates.. much appreciated
Balas
Our algo says $3,200 let's see if it overshoots your $4,000 target. Thanks for the posts.
Balas
E55 london55555
@london55555, I would not be so sure. At the last crash nobody thought that we would see a reversal at 6000. Usually something happens that nobody expects. That's pure psychology.
Balas
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