Still following the crash pattern of 2018 and its working VERY WELL.
It's a resume of my previous posts with XRP but I'm switching to BTC because it's more predictable.
Seems that there is a rejection of the daily 200 MA, + bearish daily divergence.
1. So, we might get back to daily 50MA around 36K OR the previous low around 38888.8888888, this low will be called the point A
2. From here we got 2 paths, to B or B' : last time, a retest of the high happened, so we might consider going up to the previous high again now
3. The next wave will go to A again - support becoming resistance, then we will get back to 30k mark
4. The F zone will be a succession of lower highs while 30k will still holds
5. The big dump at the end is when 30k broke, a 50% dump to G, where the low who should be the weekly 200MA
* Carefull, the arrows are not at the good time scale and the dump might happens at the end of year (?)
A beautiful green daily candle closing above the daily 200 MA around 45K might invalid my idea.
So basically, I long this when its low level, around 30k marks and shorting this at point B and D.
After the point D reached, I keep my shorts waiting the big dump.
And of course every alts will follow, but maybe with a different patterns, making lower lows instead of this flat 30k support as Bitcoin has.
I will resume here and make a new idea each time a letter has been reached.
Cheers and good luck.
It's a resume of my previous posts with XRP but I'm switching to BTC because it's more predictable.
Seems that there is a rejection of the daily 200 MA, + bearish daily divergence.
1. So, we might get back to daily 50MA around 36K OR the previous low around 38888.8888888, this low will be called the point A
2. From here we got 2 paths, to B or B' : last time, a retest of the high happened, so we might consider going up to the previous high again now
3. The next wave will go to A again - support becoming resistance, then we will get back to 30k mark
4. The F zone will be a succession of lower highs while 30k will still holds
5. The big dump at the end is when 30k broke, a 50% dump to G, where the low who should be the weekly 200MA
* Carefull, the arrows are not at the good time scale and the dump might happens at the end of year (?)
A beautiful green daily candle closing above the daily 200 MA around 45K might invalid my idea.
So basically, I long this when its low level, around 30k marks and shorting this at point B and D.
After the point D reached, I keep my shorts waiting the big dump.
And of course every alts will follow, but maybe with a different patterns, making lower lows instead of this flat 30k support as Bitcoin has.
I will resume here and make a new idea each time a letter has been reached.
Cheers and good luck.
Comment:
0.5 retracement is slightly below 47k, I'll give my trades some room
Comment:
Only by supposing that the pump is finished, and I said only, but it looks like ?
2 options :
1. The A point was maybe the week before, then we can simply go down to 30k
2. going to the A point and retest of 47k. A point is between 32K and 42K.
Cheers
2 options :
1. The A point was maybe the week before, then we can simply go down to 30k
2. going to the A point and retest of 47k. A point is between 32K and 42K.
Cheers
Comment:
lil update on this one, ill do an other post soon
Targets were BS but we can consider this :
we're sitting at 0.618 fib right now and
- we can be at point A and we're going to retest 50k, then 30k
- we were already at point B and we're going straight 30k
Cheers
Targets were BS but we can consider this :
we're sitting at 0.618 fib right now and
- we can be at point A and we're going to retest 50k, then 30k
- we were already at point B and we're going straight 30k
Cheers
