Don't get too excited, but it looks like we're on the cusp of another huge dump. :) This up coming wave could bring us all the way down to 162 usd.
The reason why I posted on Huobi and not on another exchange is because hooby has the nicest bat formation. The big wick makes a very nice top and will most likely not get broken. Other exchanges may make a higher top but I think Huobi has set its top in. We are most likely going to start dumping very soon. There's a good chance we consolidate in this range and have one last fart up but it most likely won't bring us very high. Especially on Huobi. This is most likely a good place to start shorting against the trend but watch out for another small leg up.
Note the huge 4H div that is forming on the AO. As soon as the momentum starts turning down the top will definitely be in and it should send us shooting down.
Also, DASH is looking like its on the verge of a huge wave up. Last time bitcoin had a major drop (march 12th) DASH had a major wave up. They seem to be running counter to each other with DASH being bullish and BTC being bearish right now.
www.coinigy.com/s/i/5537b578.jpg
"Successful Trading comes by letting go." To trade successfully we must trust our analysis and keep our eyes off the prize. Sometimes it's more harmful to constantly babysit our trades than to just let go and let them mature on their own. Plus when you let go you are free to do whatever you want, instead of being consumed by every tick of the market and trying to catch every trend.
The reason why I posted on Huobi and not on another exchange is because hooby has the nicest bat formation. The big wick makes a very nice top and will most likely not get broken. Other exchanges may make a higher top but I think Huobi has set its top in. We are most likely going to start dumping very soon. There's a good chance we consolidate in this range and have one last fart up but it most likely won't bring us very high. Especially on Huobi. This is most likely a good place to start shorting against the trend but watch out for another small leg up.
Note the huge 4H div that is forming on the AO. As soon as the momentum starts turning down the top will definitely be in and it should send us shooting down.
Also, DASH is looking like its on the verge of a huge wave up. Last time bitcoin had a major drop (march 12th) DASH had a major wave up. They seem to be running counter to each other with DASH being bullish and BTC being bearish right now.
www.coinigy.com/s/i/5537b578.jpg
"Successful Trading comes by letting go." To trade successfully we must trust our analysis and keep our eyes off the prize. Sometimes it's more harmful to constantly babysit our trades than to just let go and let them mature on their own. Plus when you let go you are free to do whatever you want, instead of being consumed by every tick of the market and trying to catch every trend.