Will Bitcoin rise? Or does it dies? (Death Cross!?)

Hello again fellow traders of THE magic internet money! Now that everyone on planet earth is aware that BTC is about to get hammered by a death cross, lets go against the grain and attempt to save our decentralized daydream from the bear's grip (at least temporarily). BTC has almost made it to the bottom of the red zone of this well respected fib channel, where it has twice-ly bounced nice-ly in the past. Lets do it again, and this time and get high six420 style (referring to the buy zone, of course). A nice two fib-zone bounce would put us up in the nearly-tangled mess of moving averages on the daily. C'mon, you can't possibly think there's NO ONE out there with a vested interest in keeping bitcoin from falling to the depth's just yet, we've got to liquidate some shorts first! The bulls have been waiting for the right time to strike, and the 6.8ish accumulation show's they're nearly ready. Don't get caught in the "death cross" bear trap just yet! Hint hint - don't follow the crowd. When the big boys have finished accumulating, we'll hit the launchpad to shake out some weak hands and then do a double-jump to retest the downtrend line. The bulls are about to go head to head with the bears in a game of chicken. Buckle-up your seatbelts and don't flinch.

*Downtrend line is formed by the all time high daily closes (same line that predicted the fall from 11.7)

*Bullish divergence on the 4 hour RSI in the oversold zone

*Buy zone is 6,420 (it could wick lower, signaling eventual further downward movement, but I am expecting the next 2 daily candles to close in the red zone)

*Resistance lines can be seen on the chart. Follow your instincts and gauge market sentiment based on Price Action

///------ Load ze pump ------ 98%---///

-LMM

コメント:

Did we just call the bottom within 5 dollars? The pump looks to be holding pretty well thus far.. Lets go retest 8.5!

Hope you all are making money!

///------- Pump Loaded ----- 100%///

-LMM

トレード稼働中:

Bitcoin sliced through the first resistance at 7300 quite easily, so we should be good for continuation to the next resistance at the 7900 levels.

///------ Upward Movement 45% Complete -------///

-LMM