Btc-short
Broke out. All you fudders out there could've been shorting...... And making money. But instead you choose not to.
I pay money to use this premium service. I do not care about your opinion. Here's my TA so take what you can get.
Have fun and buy the dip. I would set buy orders below 30k just to see if it will go lower over the next few days, if not then I'll buy at 30k which isn't a horrible entry after all it is only half of ATH of $65k whatever.
Bitcoin FUD Leaked Conversation - Real or Fake? Scenario EvolvesHere in the charts is the possible scenario about the FUD Leaked Conversation calling for $25k, can't find it but if somebody has it post a link in the comments. User was "anonymous" and calling the recent $30k price drop to liquidate a big player.
Not sure if this is true, as I called the $30k price target with the Wyckoff distribution pattern I posted here on Trading View also, just hit play and check the target line. Props to Market Cipher which also gave me the confirmation needed it was time to take profits. Long story short, the article called for a symettrical triangle to develop and eventually dump to $25,000. Well here we are, symettrical triangle developing. Real or fake?
Don't loose your head but expect further downside.Focus on the higher time frames, they show the clearer picture, the lower time frames will trip you up. We are going down further and the market is searching to make a higher low in relation to the long term uptrend we are in. We will not go down in a straight line and there will be plenty of opportunity. Don't loose your head, focus on structure of the market and don't act in fear.
Good luck trading.
Strictly opinion and not financial advice.
2 Options from my point of view (PA+RSI)Hello people!
This is not the financial advice nor any expert view as most of You is more experienced and educated than ME so bear that in mind! Thanks.
As I see it we have two options after what last dip hasnt seen some bigger volume to push the price higher and turn the sentiment into more bullish thing (Yellow circle 1, denied path of green trend).
O1 - We will move sideways for sometime until some huge investment takes place. Then we will start our next rocket flight.
O2 - One more sell off to the 43k support with a medium fast dip creating the local bottom followed by huge rise (Yellow circle 2, quick price action with purple line, bull continues).
As for RSI there is still some space to drop on weekly chart to the long term supports. (Cant post the pictures cuz of low reputation :( ... oh well)
Lets see what Bitcoin does next. Be aware of big players moving the price in high pace and with big differences.
Be happy with your trades and stay safe.
Cheers!
BTC SHORT INTO LONG-EWI will be taking a short off of the 0.786 retracement/weekly levels based on a confluence of two Elliot wave counts-on being a c wave of a correction of the impulse down and the other being the end of wave 3 of the impulse up. Therefore profit taking 1 will be quite quick at the 0.382 and I will be waiting to see the reaction at these levels to decide whether or not to enter a long position on a different account. If we fall through this support them my target will be the monthly level and I will take a long off of that level. If we bounce off of the 0.382 (PT1) I will enter a long for the 5th wave of impulse and then enter a short, and then enter a long as this will be part of a bigger impulse move
RED DOT CONFIMED ON THE MONTHLY CHART BTCAny trigger waves bearly happened on the monthly, but when it does it is rather significant. The chart is also lining up with my Elliot wave analysis and the fib retracement, just a waning to see. just look at the previous red trigger waves that were at the top. be very weary