Price immediately plummeted 30% into the low $3000 range.
Oct. 31st - Annoucement
Price rocketed ~220%; sending us to our current all time high just shy of $20k
Nov. 17th - Launch
Immediate collapse of ~43% at the time this article is being written.
This was all predicted in my CME Conspiracy Theory here:
Now the question is, where is support?
Is $13,000 the new bottom?
or are we heading to the next support at 10k?
IF the daily closes above $13,000, I would expect a decent bounce none the less.
If the $13,000 level fails, I will close all positions/orders and wait for the next .
Which is appearing to be 10k atm.
Additional possible support levels are also shown on the chart above
IF history repeats itself and one of these two levels are truly the bottom.
Is another 550% possible?
Time will tell will story.
Please trade carefully.
note: I lost a great deal of money in this dip. I refused to follow my own and it has cost me dearly.
Let my lesson reflect onto you. Do not let emotions get in the way. You cannot make the market do what you want. You must be dynamic and react accordingly.
I wish you all luck!
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Trade with caution.
Most importantly watch the daily.
IF we close below support I will likely exit.
TP is 15k