Playing Out As Predicted

4 Sep 2020

Good Afternoon Everyone, here is a quick analysis as I'll link my post from last night in here as well. Bitcoin tanked as we all know and last night i mentioned we wouldn't tank 15-20% in a single day to expect a rally to at least 10,400 before making next move when we where around 10,150-10,200. Well 12 hours later and here we are above 10,400 so whats next? For bears between 10,400 and 10,500 for me is a key area where we could reverse and continue the trend back down. This Bart Pattern can end in 2 areas, either we already bounced off it last night/ maybe we test it again or we hit the bottom support line around 8800-9k. For Bulls you need to break and close a daily above 10,600 for me to turn really bullish. Quick Summary- Oscillators have cooled and starting to reset so expect consolidation for alittle while longer but keep in mind this will move fairly quickly once we break consolidation so be prepared, Thank You For Your Time and Ill Post More Updates Later Today.