Hi All,
I have been listening to some mentors lately like most people should do, and see their perspective/s.
This posting is based on 1 of them and it makes a whole lot of sense and here is why.
I'm keeping it brief and to the point, regarding the chart:
> 10K is a significant line for a number of reasons and it has been shown on the chart many times by the movement to support this price
> Buying under 10K seems to be looked at as an opportunity. As it could be seen (like the tweets I have seen, the last time to buy BTC in the 4 digits).
Some have waited to the bare bottom to buy (green zone) where as others couldn't wait and bought above this price.
> The blue arrows signify attempts or activity around the 10K as for the same reasons
> Eventually the pressure on 10 K would give as per the reality now.
> Large formation is a bearish descending Triangle
> There might be 1 last try at the Green Zone, to reach the 10K before going down for more losses.
As stated in my previous post, the buy zone is between 9300 (or Weekly 21 EMA) and 9500.
Conclusion:
I'm looking at the overall movement to be bearish for more reasons than just this, as per some posts that gave reasons from a Bearish perspective.
So what to do, go short until you see others make the 1st move, 1st breakout, get confirmation and then jump in if required.
This above analysis was summarized by me based on the recent presentation of Crypto Sniper, a legend, charitable (for sharing) and a funny man.
My advice, you should follow him.
Cheers,
SSari.
Correction to the chart > colored zones
Continuation of previous post
Super Macro level post
Using the accumulation \ distribution index to see a different perspective + other indicators
I have been listening to some mentors lately like most people should do, and see their perspective/s.
This posting is based on 1 of them and it makes a whole lot of sense and here is why.
I'm keeping it brief and to the point, regarding the chart:
> 10K is a significant line for a number of reasons and it has been shown on the chart many times by the movement to support this price
> Buying under 10K seems to be looked at as an opportunity. As it could be seen (like the tweets I have seen, the last time to buy BTC in the 4 digits).
Some have waited to the bare bottom to buy (green zone) where as others couldn't wait and bought above this price.
> The blue arrows signify attempts or activity around the 10K as for the same reasons
> Eventually the pressure on 10 K would give as per the reality now.
> Large formation is a bearish descending Triangle
> There might be 1 last try at the Green Zone, to reach the 10K before going down for more losses.
As stated in my previous post, the buy zone is between 9300 (or Weekly 21 EMA) and 9500.
Conclusion:
I'm looking at the overall movement to be bearish for more reasons than just this, as per some posts that gave reasons from a Bearish perspective.
So what to do, go short until you see others make the 1st move, 1st breakout, get confirmation and then jump in if required.
This above analysis was summarized by me based on the recent presentation of Crypto Sniper, a legend, charitable (for sharing) and a funny man.
My advice, you should follow him.
Cheers,
SSari.
Correction to the chart > colored zones
Continuation of previous post
Super Macro level post
Using the accumulation \ distribution index to see a different perspective + other indicators
Comment:
fib.fan's and fib.pitchforks are the best
Comment:
Look out for similar reversal pattern, eg. bullish divergence as extra help
Comment:
I didn't expect it to go down that quick. Nether the less, a good call. However at the macro level, the target is in the high 5K range. Scary.
Comment:
Trade closed: target reached:
target reached.
Comment:
Bouncing off the weekly 55 EMA
Comment:
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
