Please read my last analyses for more info, where you can also see i predicted the right shoulder of this big . But even more why this drop is very different than the others before.
The green line is the most scenario, i expect to happen. It's on a very big around 14.500 (a level i have mentioned for weeks now). If this gives enough support, than everything could still be good and the price could go up again. But it has to rise hard and fast again to gain new momentum!
So everybody got f..ked again, realy really hard, who have been trading with leverage!!! Because of things like this, i just think this whole crypto (trading) world is a big joke. Not the tech!
This far my green line scenario is still in play. But i still espect an even bigger H&S, jut look up my previous analyses. The coming 2 days it could get back to the 15K/16?! I have closed my shorts at 12.750, 4.500 points profit :) Good luck!!.
Green area is a but, blue is the max for this drop, under the blue are is very weak, than it wil drop to at least 10K.
I expect a maximum drop to the 13K lows, from there another rise to 15K and at best 16.000. Between 15 and 16K i will load up my short position for another big drop to below 10K. But things can change ofcourse!!
So far a peefect drawn picture :) To be clear, i am not going long at the green area, it's a good level to close shorts and wait for a rebound to around 15.500 to go short again
In the green area now
I am going long now at 12900 with a short stop
Its still possible that it will go up again to the 15K/16K level, but it's getting less likely now. 13.200 is the first (small) resistence
Thank you, i will post some more, but if views and likes stay behind i will probably stop. Untill then, good luck :)
Thank you very much, at least someone who appreciaties my analyses :). People here only want to read positive story's about cryptos i think and don't have the need for winning trades.