Hello everybody,
Today's update is quite interesting.
Bitcoin seems to have found its final destination of this move/pump.
Just over EMA 55 /EMA 21 on the daylie and 4 hour funny enough ( no coincidence )
But it looks bearish, looks like an rejection, but we cant know for sure given the circumstances overall.
A test to the green line/retracement/EMA 55/EMA 21 and support there would be bullish and opening up for a test of the 10.000 usd resistance.
So everything can happen here. Both 1000 usd up and 1000 down.
If BTC goes below EMA 55, EMA 21 then we would see it as a final rejection and time to say hello to 8000, 7000, 6000, 5000, 4000, and likely even lower this time around.
Have a lovely day everybody and stay positive.
Confucius_The_Great
Today's update is quite interesting.
Bitcoin seems to have found its final destination of this move/pump.
Just over EMA 55 /EMA 21 on the daylie and 4 hour funny enough ( no coincidence )
But it looks bearish, looks like an rejection, but we cant know for sure given the circumstances overall.
A test to the green line/retracement/EMA 55/EMA 21 and support there would be bullish and opening up for a test of the 10.000 usd resistance.
So everything can happen here. Both 1000 usd up and 1000 down.
If BTC goes below EMA 55, EMA 21 then we would see it as a final rejection and time to say hello to 8000, 7000, 6000, 5000, 4000, and likely even lower this time around.
Have a lovely day everybody and stay positive.
Confucius_The_Great
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Both the Stoch and RSi have been rejected from the overbought zone on the 4 hour chart.
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I would say based on the indicators that this is a confirmed rejectetion. :)
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Ups, my prediction always come true. BTC is going DOWN!
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Or, really close to =) Crazy close!
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In the end BTC ofc got rejected as predicted. The whales just had planned a last fake move to the upside to empty the bitcoin maximalists pockets before the dump came. ( I assume/imagen that only that kind of people buys BTC at these prices - The Q1 2020 TOP )
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I'm pretty tired. Let me correct ( cant edit or delete the former post) it looks like this was a rejection. But within the last hours BTC got bought up to over EMA 55....so it actually may not be the final rejection but it looks like it =) I admit it is annoying as hell with all these fake moves and that is why the whales do it. To mess us up mentally so they can profit from the bad trades we will perform as a result of being mentally off when the final move comes.
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I assume that we will bee a huge dump/dump in the future due to the historically low volatility on the daily timeframe-
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bee = see
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Dump / Pump. Damn i'm tired. Sorry.