180829 Everything is pointing $7.3K
Güncellendi
It was a boring sideway market for a while.
I am a quite lazy person who cannot post everyday in eng public forum in my summer vacation period :D
Anyway, back to the chart, I think most likely we got rejected really hard at $7,280~$7,350 (and put some short order at that level)
I managed to hold in the channel, but 4hr chart RSI implies we are going down to hell after one more little wave up.
I don`t want to show you EW counting on current situation, cuz actually it is useless in current spot.
I would rather use ABCD pattern + R3 in pivot point + next resis level
On the long term view, It might go to the long term trend line(red one) around 20% ish?
But, even if we got there, it most likely go down also...
Let`s see in bigger frame
There are 2 EW counting
#1. (most bearish people think)
This counting shows correction is finally END!! in $4.8~4.9K
#2.(Devil`s scenario)
However, If I were whales who want to get CHEAPEST btc, I really try to make this,
In this case, next stop might be just below 5K and will not go lower than $4,850
If we break down $4.850, this blue counting will be invalidated
I keep contending #2 scenario.
The reason is very simple:
These whales are merciless, cruel, and want to kick out 95% individuals
If you want to make money, you have to think like a devil :D
I am a quite lazy person who cannot post everyday in eng public forum in my summer vacation period :D
Anyway, back to the chart, I think most likely we got rejected really hard at $7,280~$7,350 (and put some short order at that level)
I managed to hold in the channel, but 4hr chart RSI implies we are going down to hell after one more little wave up.
I don`t want to show you EW counting on current situation, cuz actually it is useless in current spot.
I would rather use ABCD pattern + R3 in pivot point + next resis level
On the long term view, It might go to the long term trend line(red one) around 20% ish?
But, even if we got there, it most likely go down also...
Let`s see in bigger frame
There are 2 EW counting
#1. (most bearish people think)
This counting shows correction is finally END!! in $4.8~4.9K
#2.(Devil`s scenario)
However, If I were whales who want to get CHEAPEST btc, I really try to make this,
In this case, next stop might be just below 5K and will not go lower than $4,850
If we break down $4.850, this blue counting will be invalidated
I keep contending #2 scenario.
The reason is very simple:
These whales are merciless, cruel, and want to kick out 95% individuals
If you want to make money, you have to think like a devil :D
Not
It managed to hold B point in ABCD pattern ($6,900)
Therefore, it is more likely to go up till at least $7,180+
(My order is still $7,270~$7,310 though)
Not
time to go up
Not
I will short at 7,300 or 7,500
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.