Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Huraian
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Tom Demark count gave a green 9 on both daily and weekly charts. This is a clear trend reversal signal. I expect 2-3 days sideways then the bear trend will start. There is a huge support at 9997 (Fibonacci 0.5). I expect that area will hold. If it does not hold, next major support is at: 8000.
I do not think we will touch below 9997 because of the mass media factor. Bitcoin is getting popular in the whole world and lots of small investors are getting on board.
I personally do not short Bitcoin and I wait for good entry points for long. 10200 will be a real good entry point for long.
Here is my idea for shorters:
Short at: 11818 Take profit at: 10200 Stop loss: 12600
An "idea" one minute after sudden and quite small dip made by some whale realising his profit.
Even school baby is able to read TD Sequential indicator and hope for the best.
Unfollowed. Bye.
EylemCulculoglu
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@ALTER.daemon, Whatever you think.. Come back in 2 days.. and see what happens.
Crypto_Meister
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@EylemCulculoglu, is this sideways going sideways? jk. this has been a fun few days! Keep on posting!
alter.daemon
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@EylemCulculoglu,
Here I am! So, what is happening? What does the notorious "Tom Demark count is giving" you?
jonnylocks
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@ALTER.daemon, Yea, this guy had some good calls. Then this BS. By the way Fibonacci and candle counts are tea leaves man...
anonops05
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@jonnylocks, Can you explain to me what is going on? i'm new to trading and analysis, what did he do thats bs? thank you.
hyipster
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Wow you've just got you 10200 USD last night great prediction this was an epic retracement. What are your thoughts for the next few days ?
EylemCulculoglu
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@hyipster, I would not long BTC at this point.. Bull trend is over.. We can have 2-3 days sideways.. then bear trend will start.
jonnylocks
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@EylemCulculoglu, lol what about the CME catalyst man? Why wouldn't have have an effect?!?
Even school baby is able to read TD Sequential indicator and hope for the best.
Unfollowed. Bye.