Dear followers,
It looks like BTC is following my original predictions to the bone. The logic behind the predictions were explained in my original post (link below). For those didn’t follow me, you are welcomed to go back and have a look of my previous TA on BTC.
The only difference in this updated post is that I have highlighted 2x potential reversal points of the short-term uptrend. As you can see, the risk of this trade is high if you want to go for long. If you are a risk averse person, the best option will be to wait for the rejection between $10139.1 - $10393 and place short positions.
Please note this is for education purposes only
Taiwan Bear
It looks like BTC is following my original predictions to the bone. The logic behind the predictions were explained in my original post (link below). For those didn’t follow me, you are welcomed to go back and have a look of my previous TA on BTC.
The only difference in this updated post is that I have highlighted 2x potential reversal points of the short-term uptrend. As you can see, the risk of this trade is high if you want to go for long. If you are a risk averse person, the best option will be to wait for the rejection between $10139.1 - $10393 and place short positions.
Please note this is for education purposes only
Taiwan Bear
Most of the top traders on TV are at this moment, trying to figure out WTH is wrong with BTC. It seems like the bull flag break out to the downside, piercing through EMA20 & EMA50 as if they don't exist. Then, when you think BTC is about to drop below $8000, it then suddenly jump back up. Well, what I am seeing is the formation of a symmetrical triangle. I was going to wait for a better confirmation signal to see if we can close the next 2x 4hr candle above the bottom of the symmetrical. However, as I am about to go to sleep, I thought I will give you a quick update so you don't just keep wondering.
Let's see what will happen in the next 2-3 4hr candle. I will give you a proper update then. Good night ;).