Waiting for BTC Short - price for the bounce

25 Sep 2018

What is the price for that hard drop to be followed by a bounce?
Im posting up the prices from a historical perspective.

Since it happens very quickly, one must put the buy price in before it happens and then sell at the bounce top for a quick short.

Good luck

25 Sep 2018

Nota

Zoom in image

25 Sep 2018

Nota

Have you noticed the higher lows and lower highs since August this year. Hence the bottom is getting higher. Potentially the next low is around 6320

26 Sep 2018

Nota

26 Sep 2018

Nota

In both cases, RSI shows overbought conditions.

27 Sep 2018

Nota

Fib 0.618 acting main resistance. Rejected once at 6535 and it went down to 6325, it is important to see if it a) gets rejected again and how low it drops b) if it breaks through, how the follow up (volume) looks like. Its a waiting game at this point.

27 Sep 2018

Nota

Possibly another perspective

27 Sep 2018

Dagangan aktif

27 Sep 2018

Dagangan aktif

My hypothesis using Fib. and wedge and H&S indicators

27 Sep 2018

Dagangan aktif

Observing higher lows in the 4 hrly

28 Sep 2018

Pesanan dibatalkan

At the last price hike I see it as market manipulation at this point. My theory >
As many of us expect the price to drop and have another bottom, we mostly hold back buying. Those who are patient wait.
The bears, who's job is to entice and then sell, for that handsome reward.
The way I see at this point, it is a physiological game and sure I can be wrong.
Those who fear of missing out (FOMO) will jump it as they see the price run away and when there is enough of them in the queue buying or trading, the bears will hit. Otherwise how are the bears going to gain more when the range is already close to the bottom and there is a strong support there waiting.
I will wait to see more data come in before going in, at least a drop to the next support line or fib 0.5 to 0.618 or MA20