3 more freshly deployed white soldiers about to unleash hell on the BTC bears
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candle # 3 is still forming and has to complete for the action to follow through.
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11 minutes left on the clock for that candle ,
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Thats only candle # 4 , and it can count till a 9 so BTC has a good shot at the 93xx resistance
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BTC should cut through 9300 like a hot knife through butter . Those are some big candles
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Note: the 2 hour candle will hit a 9 in 30 minutes , so there may or not be a 1 to 4 candle pull back at this time ( thats up to 8 hours of pull back time if does pull back). The candles dont always pull back on a 9 but for planning purposes its useful to know it may occur.
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2 hour candle just hit its 9
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Possible reversal back down to 8939
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Those three soldiers are planning something ..
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Looking closely at this retrace it has an alternate path which n which drops it to 6k. The problem with a 6k drop Is BTC is not a fan of double bottoms so it could slip further to 5k . We can tell if it is a 6k drop as BTC will move past 86k. BTC It has no business at 86xx today on its current path , so if 86xx appears it may signal a bigger drop coming that said i think ill wait on the sideline
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why im on the sideline now :
a) futures close today and its been very quiet so far b) Chinese new year tomorrow c) BTC has two alternate paths after dropping to around 89xx . one path to 6k the other to 10k .
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Everyday BTC gives us a new puzzle to solve - add you feedback guys . The More brain cells working in unison the quicker we can figure this out.
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now im very confused ..how can This upward move past 9300 be possible ?
a) theres very high resistance at 9300 b) theres a double top. c) 45, 90 , 1 and 2 hour candles are on a 9 . d) theres been no retrace to 8900
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This downward movement makes a bit more sense -
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The absolute minimum drop has to be 90xx
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that's the minimum not the maximum .
Giao dịch được đóng thủ công
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Guys my apologies I I could have been wrong about BTC dipping and am going to close this out. I need to understand if im wrong how I misread it .
You might not be wrong, I think at the 4hour candle close we will dip, volumes just not there. We might break 9500 then crash at 9550 or something along those lines.
asdfghghj
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Dear Myco, answer to your problem: bulls will commit to a suicide misson... it depends upon bears to crush them or not
mycotoxin
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@asdfghghj, Haha its cool to watch these movements.
mycotoxin
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@mycotoxin, I call these moves "BTC is working backwards" as they look backwards to me.
mycotoxin
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@mycotoxin, i wont even try to graph this upward movement as it doesn't make any sense to me .
Ive seen big selling orders at some specific prices on bittrex like 54btc sell order at 9176 & 87 btc sell order at 9300 looks like some whales know about coming drop
I saw these types of big orders when btc reached 7k 6k