Hello..
comparing BTC to the last bulltrap.. i can see again another Bulltrap forming.
Reasons:
I expect the pump tomorrow.
Price will propably fall down to $3915 and then pump to $4100
After that i expect a big rejection which will lead to a sell off!
comparing BTC to the last bulltrap.. i can see again another Bulltrap forming.
Reasons:
- Too much resistance on the upper side
- NVT still didnt show oversold market (i trust this indicator)
- Its too early for a bullmarket
- Lower lows means higher highs
- We are STILL in the big falling wedge (Which i will show in the comments)
I expect the pump tomorrow.
Price will propably fall down to $3915 and then pump to $4100
After that i expect a big rejection which will lead to a sell off!
Nota
Reason why i dont think that we have seen the Bottom and why i think BTC will DUMP to $2500-$2800 after the Bulltrap!I trust the NVT Indicator. This indicator does always show the perfect opportunity when to start buying BTC and when to sell BTC.
Green means, market is oversold
Red means, market is overbought
Nota
Heres another idea/TA made by eloquentplatypusYou can see, there is still a bit space on the bottom on the chart.
Nota
As i was expecting.. we dumped again below $4100.Actually i forgot to mention on the first post, that we got a pump range between $4000 and $4200
But with the actual dump, we are again back in the BIG FALLING WEDGE!
We got 2 Options now:
1. Price will move a big up and down and create another Triangle (Like mentioned in one of the screenshots before)
2. Or we will see another BearFlag
Nota
UPDATE: Bullflag still in play!Price may pump to $3890 which was a strong support line and is now a resistance lane.
If it gets rejected, price may fall down to $3450.
But there are a few Support lines before $3450.
So if you go short, may "laddered take profit" orders at 3650, 3550 and 3450.
Short Order 3850-3900
Take Profit 3650-3550-3450
Nota
Sorry, of course i mean BEARFLAGNota
BEARFLAG UPDATE 2.0We are still in the beautiful Bearflag!
I updated some things and added another SAFER short position, which
Short:
3850-3900 Its possible that bulls will try to test the resistance line at 3900
3750 Is a safe position.. if lower flag line breaks.. this would case a huge dump.
Take profits still the same 3650-3550-3450
Nota
UPDATE:We are still in the bearflag!
The price is super squeezed by the bears and bulls.
No indicator can tell, to which direction we may break out.
We have 3 possible ways:
1. Test the upper Falg lane at $3900, and fall deep down
2. Bullish: If Bulls break $3950, this would be a bullish sign for the short-mid term. Price could test again 4.2k zone or break up to 5k-6k. But that does NOT mean that bearmarket is over. 6k Zone could lead to another huge sell-off.
3. Bearish: If Bears break $3745 (Which is daily 21&55 EMA), this could lead to a ddeper fall to 3650-3550-3450
Nota
So, what can we expect in the next hours/days?There are a few scenarios which i will share with you and post a "Screenshot" for each idea.
A. Most likely to happen:
We had such price action already back in december 2018. In my TA i compare the pricemovement with december. Most people will tell me "fractals dont work". Yeah, they work rarely, but anyway bulls will have to retest resistance line at 3900-3950. If this is being rejected, i will expect another bigger dump.
B. Likely to happen:
Since 4 months BTC moved inside a symmetrical Triangle (Yellow lines). If Bears are able to hold the price below $3815-$3800, then we can expect the real dump in the short term.
C. Least likely to happen:
The least likely scenario is, that we will slowly bleed down to ~$3500 and then have the big dump to $2500.
Nota
A. Most likely to happen: We had such price action already back in december 2018. In my TA i compare the pricemovement with december. Most people will tell me "fractals dont work". Yeah, they work rarely, but anyway bulls will have to retest resistance line at 3900-3950. If this is being rejected, i will expect another bigger dump.
Nota
Correction:not 7/7..
Its 6/6 predictions correct!
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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.