Why is McAfee saying 15k in June?
Weekly EMA50 is holding up the EMA3. This means that BTC will most likely wiggle around for a week and if it's not a little bit above in the end of it (sunday 3 June), this idea gets invalidated. There seems to be a squeeze (bollinger bands enter keltner channels, std settings) in 2 weeks, meaning we will most likely see some price action then.
This is a possible and positive long scenario only and keep in mind that you should be prepared for the worst. I do have some short scenarios running parallell to this one. Not trying to piss the bears off intentionally :) I'm one of you, just keeping my mind open.
Disclaimer:
Never make decisions based on others TA. This one included.
Always do your own work, always make your own decisions.
Bear at heart, bull in mind.
Always have two scencarios (minimum).
This is educational theory and not fact, this
may therefore change at any time.
Love to see your comments.
Weekly EMA50 is holding up the EMA3. This means that BTC will most likely wiggle around for a week and if it's not a little bit above in the end of it (sunday 3 June), this idea gets invalidated. There seems to be a squeeze (bollinger bands enter keltner channels, std settings) in 2 weeks, meaning we will most likely see some price action then.
This is a possible and positive long scenario only and keep in mind that you should be prepared for the worst. I do have some short scenarios running parallell to this one. Not trying to piss the bears off intentionally :) I'm one of you, just keeping my mind open.
Disclaimer:
Never make decisions based on others TA. This one included.
Always do your own work, always make your own decisions.
Bear at heart, bull in mind.
Always have two scencarios (minimum).
This is educational theory and not fact, this
may therefore change at any time.
Love to see your comments.
Comment:
Well we do know that when misery is high btc goes up. And I wouldn't be more happy if it dropped to the 3.5k or whatever, doubling what I got without shorting. But I set up to find "why 15k?" and see if some TA supported it and. yeah. found it pretty easy so I believe it's plausible. Hence the publication. If i thought it was complete bullshit it would have gone into the trashcan.
Comment:
The link here is not my TA, it's from Prestoned. high skills, very talented trader, that taught me alot. He is ultrabearish now, proper hardcore mode on. And this is his bear thoughts (which cannot be ignored either).
Comment:
EMA3 on EMA50 is strong. remember thou that this is a weekly chart, and I will let it have some room to wiggle as long as it goes up before the weekend. 6.9k is therefor _possible_ if it goes up again. But tbo. Thats below the 7k. psy-barrier. So bears might take over.
Comment:
Adding this to the evidence chain.
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And we bounced! I got in 10h ago.
Comment:
Entry points.
BTC@7087
ADA@0.181
BTC@7087
ADA@0.181
Comment:
Well as said. It was a weekly chart. EMA50 has held up EMA3. Fantastic.
Comment:
Interesting how this will place out. Honestly looks bad. And good. At the same time. I do see a _need_ for a move today up or the only thing that saves the day is EMA3 over EMA50 as the weekly ichi cloud will be pierced.
There ARE signals for a jump up. Need to reach 8.5k to be very safe. And that is also top of BB on daily. The 12H squeeze could help and some say they see inverse SHS on bottom. So. Lets see.
There ARE signals for a jump up. Need to reach 8.5k to be very safe. And that is also top of BB on daily. The 12H squeeze could help and some say they see inverse SHS on bottom. So. Lets see.