BTC Blood Path - The Aftermath
Updated
First of all I would like to apologize for the bad quality of my current chart due to how much I feel exhausted.
However This is a wild shot forecast for the expected BTC market next move after today's blood path which cam as a result of the Chinese authorities latest decision which is related to Chinese based exchanges regulations.
In this one I count on what I like to call (Market's Memory) and The Human Psychology which has a great effect on the market future movement, and in doing so I'm neglecting everything we know about fib levels etc.. .
According to MHO, I believe we almost found the new support for BTC (within $3,100 - $3,200 range) according to the past strong support points BTC was showing before the latest price surge which began a month ago (Market's Memory), yet a confirmation is needed to test if this theory is right (hopefully) or wrong.
Disclaimer: The market predictions and ideas I post are of my point of view and depends on what I see (according to the market strength and prices movements), it's subject to human error/price manipulation. Trade carefully, do your own homework.
My twitter: twitter.com/CryptoSyndrome
However This is a wild shot forecast for the expected BTC market next move after today's blood path which cam as a result of the Chinese authorities latest decision which is related to Chinese based exchanges regulations.
In this one I count on what I like to call (Market's Memory) and The Human Psychology which has a great effect on the market future movement, and in doing so I'm neglecting everything we know about fib levels etc.. .
According to MHO, I believe we almost found the new support for BTC (within $3,100 - $3,200 range) according to the past strong support points BTC was showing before the latest price surge which began a month ago (Market's Memory), yet a confirmation is needed to test if this theory is right (hopefully) or wrong.
Disclaimer: The market predictions and ideas I post are of my point of view and depends on what I see (according to the market strength and prices movements), it's subject to human error/price manipulation. Trade carefully, do your own homework.
My twitter: twitter.com/CryptoSyndrome
Note
Let's call it a success, happy trading everyone.Note
BTC is forming H&S (reversal pattern)pbs.twimg.com/media/DKgFY_aWAAIFeo3.jpg:large
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