Current chanel bouncing between 9950 and 9645

Current chanel bouncing between 9950 and 9645

Commento:

BTC needs to exit the channel at 9940 to be taken seriously

Commento:

Trend change coming up in about an hour or so

Commento:

BTC does not do double bottoms very well as they don't get along too well and this next trend change looks a bit unfriendly, So best be careful in the next hour or two.

...Before we all get excited , Im not saying this is what is going to happen. What im saying is this is my interpretation from the current candlesticks.

Commento:

Note ..this upcoming trend change could also be a big move up , yay ! . it looks to be a significant movement and I expect a large movement down or up within the next 2 hours,

Commento:

its a buy

Commento:

its a buy after 9980 for safety

Commento:

There are still two more days of drops so BTC can still drop , so wait for solid confirmation before entering . 10066 gives more confidence of upward movement, its only $100 more so best wait for the confirmation to skip the bull traps .

Commento:

BTC will not cross 10066 it its a fake run

Commento:

im going in . BTC is eyeing the 10484 area first

Commento:

bit of turbulence at 102xx areas, bu

Commento:

Holy Moses, i was just gone for an hour now this crap , took a tiny hit but got out in time

Commento:

The real question is why is BTC dumping if there are not advertised trend changes .
Bear trap perhaps ?

Commento:

looks like this drop can go to 97xx but thats still in the current channel above ...
BTC playing Bear Games ? grrrrrrrrrrrr

Commento:

There is a pretty convincing reversal candle on the 1 hour candle , the reversal candle gives a drop to around 9762

Commento:

Commento:

That was a nicely played bear trap - got caught in that one .
crafty BTC

Commento:

Using the MACD it shows a bearish divergence - indicating a further fall after a climb up .

Commento:

Don't follow me , but im back in . I can see from the channel movement i can sell at the top and buy at the bottom and repeat this pattern

Commento:

We should go up for approx 75 minutes .

Commento:

climbing this channel currently

Commento:

can buy at the bottom of the pink line and sell at the top of the pink line , wash , rinse and repeat this action .

Trade attivo:

Triple top ascending triangle.

Commento:

this is normally a continuation pattern so could break down

Commento:

incoming trend change - to a city near you .

Commento:

ETA: within the next hour

Commento:

BTC is seems to be heading south

Commento:

target 95xx

Commento:

Based on the 12 hour candle , there's approximately 33 more hours of volatile behaviour from BTC left to occur.

Commento:

Ops! forgot to add the "takeoff point " so the the drop distance should actually be between 94xx and 93xxx

Commento:

I could be incorrect but the current upward climb has to be a bull-trap as the drop distance shows as between 94 and 93

Commento:

Now this upward movement is confusing as BTC has to move to 10760 or 93xx.
This is also a "triple doji spinning top showdown" so there has to be a bigger drop

Commento:

perhaps BTC will drop later to 93xx , but i don't think this current move upwards is correct .

Commento:

makes sense - BTC broke out towards the top and is heading to 10760

Commento:

Sneaky BTC was heading to 93xx after all .

Trade chiuso manualmente:

hahaha had me confused also - closing this out too long

Commento:

Not trading advice - but i'll be buying this dip . Just will exit before the 8900 drop

Trade chiuso manualmente