RACEACEACE BTCUSD POTENTIAL BOUNCE WARNING 7100-7050 to 7600
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The price is / already has crossed below the red 2/1 on lower t.f's and is BEARISH on lower t.f's. On higher T.F's it is approaching this red 2/1. I am now at my computer so I have had a chance to make my Gann Fan precise.
HERE IS THE WARNING:
Once the price reaches near the 7100-7050 range, which is the 3hr red 2/1 Gann fan line, it can put in a nasty bounce up to 7600's, which is where the blue 1/1 is currently situated.
This does not mean to enter a long trade. This means around 7100-7050, traders should seek confluence to either 1. exit short trade or 2. to short higher.
On November 27, 09:00 UTC (LABEL "1.0") the price exhibited such a behavior of a nasty bounce from the red 2/1. The current Red 2/1 zone is labeled as "2.0?"
It is my personal rule to never enter a long trade below the blue 1/1 - but you can do what you want with your money.
Failure to put in a bounce in the 7100-7050 range up to 7600 = enjoy the short scalps.
1. Lower T.F:
2. SUPER LARGE T.F FRACTAL PLAY:
Here is a recap of my super large t.f fractal play: It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom , but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky. If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
INVALIDATION:
PLEASE NOTE: RESISTANCE ESTABLISHED AT 6500 WOULD INVALIDATE THIS SUPER LARGE T.F FRACTAL PLAY
3. SUMMARY:
Right now: Only lower t.f short scalps (in and out) BUT at around 7100-7050 be CAREFUL and evaluate the situation. A massive pump is possible at that level - do not get rekt. Until the price makes a lower pivot low and establishes resistance at 6500, we cannot go COMPLETE BEAR MODE.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.