As I have already interpreted in the last idea, it does not look good for Bitcoin. Now there is a breakout from a bearish flag and I'm just waiting for a confirmation. Since I'm almost certain that Bitcoin has no chance to go up again (no volume, no divergence, bearish breakout), my short term target would be $7500-7000.
Cheap coins are waiting for us.
Good luck.
Cheap coins are waiting for us.
Good luck.
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There we go, I meant down we go. I hope you guys see how I improved my trading skills last days and I will get better.
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Strong support at $8800. Could bounce one more time to $9500 until is goes down.
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It was just a joke guys. There is no sign that this will go up again. You see the small correction like we did before? I expect a huge red candle. Lets see what will happen after 1D candle close. :)
It was just a joke guys. There is no sign that this will go up again. You see the small correction like we did before? I expect a huge red candle. Lets see what will happen after 1D candle close. :)
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Daily candle closed below 8800 very bearish sign. I wish you good night and have fun dreaming of cheap coins :)
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Wow what a unexpected strong bounce with big volume in it. I will update later with clearer signs.
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We don't make FOMO because of a small ''pump''. If you look at the structure then we just make a bigger ABC pattern, nothing special. The greater the correction, the greater the upcoming impulse.
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For people who cant stay calm because of a small rise, here you get the scenario I am looking for right now, which can change every time. My joke is becoming true: ''Strong support at $8800. Could bounce one more time to $9500 until is goes down.'', onlx that the strong support was at $8500 :D.
By the way: I am still bearish as ****, nothing has changed. We will get our sales.
By the way: I am still bearish as ****, nothing has changed. We will get our sales.
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Note: It should be 38.2% retrace, sorry for that.
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1h candle closed perfekt at my target. Now the question is: Do we get a hard drop or a corrective flag. If we get a hard drop my idea will occur. If we form a flag, Bitcoin will rise one more time.
RSI is nearly over sold.
Let's take our eyes open :).
RSI is nearly over sold.
Let's take our eyes open :).
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I just want to make it clear that a flag does not equal 100% upmove. I repeat one last time I am still bearish. I will not change my opinion just like others, just because we have risen by a few dollars. Before that we had a strong dump and people still looked for a reason to be bullish and still do. Before I have no bullish mark, I remain in my opinion.
By the way: Last update I meant overbought.
By the way: Last update I meant overbought.