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This is what I am looking for short term. An other view doesn't make sense for me right now.
But I will only enter in a clear up-trend, because of the low volume and risky situation. Also I am watching for divergence in the daily chart . If there isn't one, then it would mean we will go down very far.
But let's see. I wait for clear signs and it will be exciting if support holds.
Good luck.
But I will only enter in a clear up-trend, because of the low volume and risky situation. Also I am watching for divergence in the daily chart . If there isn't one, then it would mean we will go down very far.
But let's see. I wait for clear signs and it will be exciting if support holds.
Good luck.
Komen:
The situation isn't looking good right now. There is no strength, no volume in the bounce. Waiting for clearer signs. Actually I would say we will drive down but let's see.
Komen:
Broke bearish flag.
Broke bearish flag.
Komen:
Because of low volume, non-existing divergence and broke flag - I expect a huge drop. This is why we waited for clearer signs. Now we look for a clear confirmation. but it would surprise me if we turn up.
I can actually concur with this idea. Whilst your bull trap scenario has your followers focussed on the 3000 level you are now saying that they hsve stepped into a bear trap. The bull trap has been pushed forward. At least this is how I interprate this chart.
Balas
And are you comparing your future prediction to 2013-2014 BTC crash or you just forecast this from the flags? Thanks
Balas
@blondengineer, I started to analyse it by my own without looking to other charts. Last days I learned many new things to improve my trading skills and now I want to share them with you.
Balas
On point, thanks for the updates. Do you think your point b will be at 7500 aprox or we might directly to 6000 in your huge drop?
Balas
@blondengineer, It depends on the structure. Right now I would say we will go straight to $6000 or lower..
Balas
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