Everything that goes up must come down - Murphy Law
Like you can see in the graph SHORTS on Bitfinex are very low, and from the past you can check that most of the time when SHORTS hit this area...they are going up and BTC is going Down...
i would be happy for BTC if the story not repeats again but i care more wisely invests than be sinked in a BearTrap.
Most of the time in past years i always detected Pumps if you check my others analyses, but today i predict more a dump. if you are a scalper you can still scalp market and use your stop loss,
no matter for you if BTC up or down, but if you are a long wave investor and want cumulate more BTC, i suggest you to wait and be very cautious.
Like i said before sometimes the best way to win money is to not trade at all and wait.
So if this story happens we have 2 crucial points where we can buy BTC.
8000-7500 BTC is supported by Weekly Pivot and EMA50-EMA100 Days.
6000 would be a safety buy zone for me as BTC is supported by EMA200 Days.
BTC can also go dipper but i don't see it going under 5000$ (Trend Triangle Support).
i will add a picture with the normal chart to make everyone understand about Supports Zones.
Happy Tr4Ding!
Like you can see in the graph SHORTS on Bitfinex are very low, and from the past you can check that most of the time when SHORTS hit this area...they are going up and BTC is going Down...
i would be happy for BTC if the story not repeats again but i care more wisely invests than be sinked in a BearTrap.
Most of the time in past years i always detected Pumps if you check my others analyses, but today i predict more a dump. if you are a scalper you can still scalp market and use your stop loss,
no matter for you if BTC up or down, but if you are a long wave investor and want cumulate more BTC, i suggest you to wait and be very cautious.
Like i said before sometimes the best way to win money is to not trade at all and wait.
So if this story happens we have 2 crucial points where we can buy BTC.
8000-7500 BTC is supported by Weekly Pivot and EMA50-EMA100 Days.
6000 would be a safety buy zone for me as BTC is supported by EMA200 Days.
BTC can also go dipper but i don't see it going under 5000$ (Trend Triangle Support).
i will add a picture with the normal chart to make everyone understand about Supports Zones.
Happy Tr4Ding!
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Far View
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watch out bears wake up
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Obsolete now as SHORTS are uping while BTC is uping also.
EMA50-100 Green and Orange Lines - 8000-7500$
EMA200 Red Line 6000$
Trend Triangle 5000$