Bitcoin is at a crucial step of it's pattern which has been on since November. We are looking at 2 points of potential bounce which is coming up in few days.
First bounce at firm support of our pattern will be $6,900 - $7,000
Upon break out of that pattern we will move to our support at ranges $6,500 - $6,100
Overall there should be absolutely no indicators to panic since we are just completing our pattern. If we look statistically, then yes, there is over 60% probability of us dropping below this pattern to newer lows, however crypto currency almost never follow regular stocks market patterns, meaning that you should not worry.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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We are going straight for that support, let's see if we get bounce in between.
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Insane dump - just wow
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$750 in 24 hours - this is very interesting in terms of it's pattern. At this point we have dropped below our support line. Without quick recovery we will go to our $6,500 - $6,100 targets today or tomorrow
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This is a great opportunity to short Bitcoin
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Here is a quick look closer to what we are seeing. This is not major support break if we recover today.
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GIVE A LIKE IF YOU SHORTED YOU BITCOIN
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RSI is undersold, so short term sideways movement or a bounce may occur within 24 hours
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We are looking bullish again. Market is crazy guys, but uptrend is possibly starting. Tight SL if you want to invest. Enjoy it!
Trade active
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We want to see $6,700 hold through 24 hours to confirm firm support
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I see this pattern which brings our bullish indicators up and gives over 55% - 70% chance of upward break
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We are closely watching this area now. If we break below $6,700 which is our current support level, we have several targets ahead - short your BTC if we drop below. Also keep in mind that RSI indicators a healthy bounce upwards, where as the bears are fighting for Bitcoin to be at lower levels. Current chances of us dropping below that area today would be around 55%
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We are still above $6,700 support - looks good as of right now - let's see how it will go overnight
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If we continue upward traction, next target would be $8,400
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Very nice movement here
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Look at new chart we published for more information will close this trade
you idiots. no one knows shit on trading view. everyone here is an effing scrub. "its a good time to short" no shit, its going down. what awful advice. I hope no one listens to this fool. it must not be hard to earn the PRO tag on Trading view.
Henry_Cleaver_Trading
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@ducksauce88, the pro tag is a subscription level buddy.
kitkat16
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@ducksauce88, this guy uses colorful charts but he's a fucking beast. Have been following him for a long time and his calls are very, very good.
You sound like someone who's desperate to get their shorts through. I hope you're ready for the other bull scenario.
Lambo89
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please bounce come i need to pay my bills :")..
ipser
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Buddy, we are already in hell and homeless
CryptoManiac101
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@ipser, Well you should not have invested anything you weren't willing to lose in crypto... Very ignorant to do that haha
apelord
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this was obviously a fractal (check the timestamps)