Bitcoin halving crash

May 11, 2020

I like using inverted graphs in situations like this, because sometimes it shows what people dont want to see. Whats more likely? A drop bellow a trendline which is there since 2017 or breaking a trend line since march 2020?

Inverted RSI with broken trendline and crossing MACD are showing same scenario

Whales could take some more
liquidity and push it once again towards 9K also with halving event.

Be very carefull and happy trading.

May 11, 2020

Note

Also this push up which could grap some liquidity would fill CME futures GAP in our inverted graph

follow me on twitter: @realmarketmage

May 11, 2020

Note

We have started filling the CME GAP and it should do so this week because if the gaps are not filled in the first week, it usually takes months for the price to get there again.

May 11, 2020

Note

I believe we will come to region of ''area of confluence'' which I wrote about on twitter. The level of 9300 is key for us. There are strong resistence, its bottom part of area of confluence and there is 0,618 level of last move.

There will be made a decision of next move.

May 14, 2020

Note

Filling the CME futures GAP