If we do continue coming down deeper than $7,350, I'm not seeing a lower low than $6,515. I'm actually expecting a higher low.
Those of you who joined the LIVE Stream last night; thanks for joining in! Look forward to seeing you there again soon. Those of you who did not make it; we would enjoy having you there next time.
Those of you who joined the LIVE Stream last night; thanks for joining in! Look forward to seeing you there again soon. Those of you who did not make it; we would enjoy having you there next time.
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This is INSANE.... 32,660 Margin Long contracts on Biitfinex vs. 6,933 Short Contracts on Bitfinex.Nota
I pretty much knew we were coming down to probably around $7,350 but it has currently come down a bit lower than that. It's POSSIBLE we may not immediately go back up to test $8,000 before falling down to our "Higher Low" I mentioned in the LIVE Stream last night. We may continue falling to our "Higher Low" now. We will have a better idea very soon. We are currently seeing SIGNS of exhaustion in the 6h TF but not confirmed just yet. If we can get a good solid move upward if and/or when the 6h exhausts, we might get a test of $8,000. Otherwise, we are likely going down now to find our "Higher Low." I'm going to provide another video update within a couple of hours.
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More details about the 4h TF:Nota
Look at the details in this 2-Day TF: Note the White 200-MA in this 2-Day TF. Note the Green FIB at approximately $6,149. We could be heading down to that Green FIB at $6,149. So, it is POSSIBLE for a LOWER LOW. I don't want to be biased by making a flat statement insisting on a HIGHER Low. We COULD very well make a lower low at $6,149.Nota
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A look at my PRIMARY (Over-All) FIB Levels in the 3-Day TF. You will see the price for each Primary FIB Level to the right side of the chart:Nota
If my Analysis is correct, we are looking at the $16k's by mid to late April, 2020 and mid $20k's by end of August, 2020. However, we could consolidate back down to the $16k's in September/October, 2020 before heading off to even higher highs.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.