The market could do anything at any time.
consider your bullish and your bearish scenarios and plan accordingly
norektorinos
RED AND YELLOW DOODLES AREN'T ACCURATE THEY'RE JUST A GENERAL IDEA
FIND YOUR OWN LEVELS
If you need help finding them feel free to ask
(full disclosure - personally i'm still bullish BUT that's just me.)
Careful with longs here this diamond top might break us back down
look at light blue fib levels for stop loss targets/short entries
however...
something interesting popped up
the Stoch-RSI on the RSI says the RSI wants to go up more
so
plan accordingly???
Nope.
Can't make me.
I'm not saying it again.
said it way too many times looking at all the alt charts, you're not getting me here, Bitcorn.
Last time i said it you almost screwed me and went down further to make it a bigger pattern.
Not this time.
nu uh.
its follows a theory i had the other day saying that we come back to lower 7k levels in a week to test the bottom one last time, potentially creating a true double bottom.. or we break right through and create new lows.
but really all this this chart is saying is that we're gonna redo all this panic again in a week.
Cool.
I really hope not, but let's see how it...
ya boi just learned trend based fib retracements and i was practicing on a coinbase chart for BTC and saw this.
..so yeah.
short into long might be a good play here, however the price is respecting that trend line that a lot of people are looking at...
So in other words. The market is exactly at a point where reckless longs and shorts will get absolutely R E K...
Interesting development.
On my xbt chart we broke the trend line and are currently at a point of control
there's STILL a CHANCE we could break down, always, but you already knew that.
So if you're long, set up your profit targets and your stop losses.
if you're short best of luck to you.
I'm personally bullish and in a long but my best wishes to you bears out...
