BTC PUSHED IN THE CORNER... WIN OR FAIL ?
WHAT DO U VOTE ?
WHAT DO U VOTE ?
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The buyers definitely want to go out of there... important moment now...
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Buyers tried... but what's new... FAIL ! Thought last hope was a H&S formation after the bounce, but didn't even go for a nice right shoulder... looks like BTC was in a hurry and left the scene again.. last possiblity is a double bottom, could have formed already, or not yet.. but I doubt it..
Looking horizontally, it will probably go for a total FIB retrace from the last low on FEB. 6. That should be enough support to go up again, but... that descending trendline as I repeated so much, is a pain in the ass !
I can almost not believe it would go as far to the next support levels of 4000 and 2500 usd... but that would make a nice ABC correction of-course.. 8-|
Looking horizontally, it will probably go for a total FIB retrace from the last low on FEB. 6. That should be enough support to go up again, but... that descending trendline as I repeated so much, is a pain in the ass !
I can almost not believe it would go as far to the next support levels of 4000 and 2500 usd... but that would make a nice ABC correction of-course.. 8-|
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I don't like to give advice for trading strategies, because you should follow your own, but if you have a lot of time and coffee.. catch that 'falling knife'... and no limit orders... in and out... it worked already for me.. otherwise.. stay out !
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funny.. I talked about the 'bermuda triangle'... seems Bermuda is a safe haven for crypto :)
www.ccn.com/bermuda-...tract-entrepreneurs/
www.ccn.com/bermuda-...tract-entrepreneurs/