BTC LOOKS LIKE IT MAY CONTINUE IT'S DOWN TREND. IT'S CURRENTLY AT A CRITICAL AREA AND IT'S UNDECIDED WHETHER THE BULLS WILL TAKE OVER . MY GUESS IS THE BEARS WIN THIS NEXT ROUND AND WE GO DOWN HARD.
I'M SHOWING A STRONG SUPPORT AT $4900, WILL BE GOING LONG AT THESE LEVELS. AT THESE AREAS, NO STOP LOSS AS IT CAN BE TRIGGERED BY A MASSIVE WICK. MORE OF ACCUMULATION IF IT GOES LOWER, SO START SAVING FIAT :)
IF BULLS WIN THIS ROUND, LOOKS LIKE WE MAY GO UP TO $7100.
IF BEARS WIN, WE MAY GO DOWN HARD.
-TRADE SMART.
-CRYPTOCURRENCY IS HERE TO STAY.
-DON'T BE GREEDY
GOOD LUCK TRADING,
I'M SHOWING A STRONG SUPPORT AT $4900, WILL BE GOING LONG AT THESE LEVELS. AT THESE AREAS, NO STOP LOSS AS IT CAN BE TRIGGERED BY A MASSIVE WICK. MORE OF ACCUMULATION IF IT GOES LOWER, SO START SAVING FIAT :)
IF BULLS WIN THIS ROUND, LOOKS LIKE WE MAY GO UP TO $7100.
IF BEARS WIN, WE MAY GO DOWN HARD.
-TRADE SMART.
-CRYPTOCURRENCY IS HERE TO STAY.
-DON'T BE GREEDY
GOOD LUCK TRADING,
Bounced right on the diagonal support AND right on the "MUST STAY ABOVE THIS LINE" call!!! can it get any easier?
Now, possible scenarios:
1. this down wave was a wave 4, and now we're headed up towards wave 5. if so, expect a minimum wave 5 of around $6800 for a double top.
1a. it can also go very high... but not past 10k lol.
2. I'm still thinking bear trend and this is a fake pump. Watch closely that the candle doesn't go below the "MUST STAY ABOVE THIS LINE". This Wave 4 is 50% retracement which is quite a lot, but still w/in reason and valid. if you bought right at the line with a tight stop loss, good job!
Think Macro and Micro,
Good Luck Trading,