Executed perfectly. You must now buy!!!
Güncellendi
PREVIOUS CHART: 
Although it took some days. Here we are. My blue line followed slowly but perfectly and my buy zone completely wicked.
To patient swing traders, I salute you!
I have now removed previous resistances, fibonacci retracements and predicted price path as we are now at block 0.
So! Lets get to it:
<All RSI/MACD on all time frames looking great except on weekly and monthly.
<Support holding at 6750. Buyers coming into place.
<+20k BTC sold very fast. Meaning big players are expecting a long squeeze most likely, although this can not happen without perma bulls buying "the dip". We see 30k+ longs vs a little over 21k shorts. I expect longs to increase.
<Horizintal resistances at 73 and 71. Watch that area. I havent set sell targets as we are bottoming out and need to determine the markets mood. Although I expect for sll time frames to reach an eventual top and follow down with the remainder of the bearish weekly/monthly. So, if market goes up slowly and struggles at that range, short. In the scenario i described we will most likely fly right under our 6k range support that we have now tested 3 times. It gets weaker and weaker.
I believe the true bottom will be around 4.5k. Although we must wait!
Swing trade to maximize profits.
I shall keep you posted!
P.S: if you want me to chart ither cryptos leave a comment and follow!
Although it took some days. Here we are. My blue line followed slowly but perfectly and my buy zone completely wicked.
To patient swing traders, I salute you!
I have now removed previous resistances, fibonacci retracements and predicted price path as we are now at block 0.
So! Lets get to it:
<All RSI/MACD on all time frames looking great except on weekly and monthly.
<Support holding at 6750. Buyers coming into place.
<+20k BTC sold very fast. Meaning big players are expecting a long squeeze most likely, although this can not happen without perma bulls buying "the dip". We see 30k+ longs vs a little over 21k shorts. I expect longs to increase.
<Horizintal resistances at 73 and 71. Watch that area. I havent set sell targets as we are bottoming out and need to determine the markets mood. Although I expect for sll time frames to reach an eventual top and follow down with the remainder of the bearish weekly/monthly. So, if market goes up slowly and struggles at that range, short. In the scenario i described we will most likely fly right under our 6k range support that we have now tested 3 times. It gets weaker and weaker.
I believe the true bottom will be around 4.5k. Although we must wait!
Swing trade to maximize profits.
I shall keep you posted!
P.S: if you want me to chart ither cryptos leave a comment and follow!
Not
I forgot to include this! Although our likelihood of falling under 6k for the next couple of days is low and I have been quite accurate in the past, do know that this is a game of math and logic. And the ilogical can happen. We have tested the 6k range 3 times now. Always excercise cautikn by putting a stop loss where you feel comfortable just in case.
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.