TOTAL DISASTER in crypto market may be incoming
hi guys. yes, btc fell down, on the ascending support.
now, many proofs that i said, along with 3D ichimoku cloud strategy failed. and this all looks like massive fall
incoming soon.
we can see market cap in descending triangle, mode that should break down in october, maybe november latest.
we can see macd is hovering around zero, that means volume and volatility is shrinking. it shows whales, bears
are in control of this market now, where, buyers would not step in.
our ascending triangle play is almost coming to an end, where, 9600, 9700 support is way too many times breached.
this price can climb a bit until this week, but around september 30th, when candles close for monthly, i expect
fall down to maybe lower then 9500 zone, to confirm black crow candle for monthly.
see monthly candle, whales i think would make that red candle, below 9500(or 9600). after that whales can
make bull trap to 10200, 10300, but i do not think it could climb more then 11k now.
we will very soon see, this thing break down(hopefully up, i wish i am wrong). bollinger band width is shrinking
this will show very rapid movement in coming weeks.
at the moment, we lost 3d cloud support. we had 10150 as support, but it could not hold. now, 10150 is a very
heavy resistance.
now traders talk about all these moving averages. comparing 2017, and 2016. like weekly 21ema.
i believe that is very good support, however, i am not sure it can hold long if we fall down from triangle,
because the fall will be so strong it would most likely penetrate 21 ema weekly at 9300. we would have to look
for fundamental ma's.
at the moment, we expect btc halving on may 2020. we have now around 8month left.
we have no news like bakkt, which, needs long time for investors to gather in. at the opening it became a disappointment.
many institute investors would like to long btc and they will look for spots. so this time of low volume
will extend lot longer.
also, traders talk about the direction of btc. so naive and simple obvious, but long btc if we consolidate more
then 10800/11k for 2 weeks. 10400, 10500? no. because we have daily cloud at that price, which is nothing.
other then that, maybe you should stop investing for months from now. alt coins should just break down really hard too.
so gloomy days can come, which is sad.
lets look for good spots. if you are in, i believe this week, or next week, you should escape from long positions for safety.
now traders talk about 7200 or 7500 6800 whatever. we do not know what price yet. time will tell. i do not
think catching a falling knife is good when triangle breaks down.
so try to catch short position. from 10000 to 10200/300. low leverage. bull trap can come to even 10500 area.
regards~
now, many proofs that i said, along with 3D ichimoku cloud strategy failed. and this all looks like massive fall
incoming soon.
we can see market cap in descending triangle, mode that should break down in october, maybe november latest.
we can see macd is hovering around zero, that means volume and volatility is shrinking. it shows whales, bears
are in control of this market now, where, buyers would not step in.
our ascending triangle play is almost coming to an end, where, 9600, 9700 support is way too many times breached.
this price can climb a bit until this week, but around september 30th, when candles close for monthly, i expect
fall down to maybe lower then 9500 zone, to confirm black crow candle for monthly.
see monthly candle, whales i think would make that red candle, below 9500(or 9600). after that whales can
make bull trap to 10200, 10300, but i do not think it could climb more then 11k now.
we will very soon see, this thing break down(hopefully up, i wish i am wrong). bollinger band width is shrinking
this will show very rapid movement in coming weeks.
at the moment, we lost 3d cloud support. we had 10150 as support, but it could not hold. now, 10150 is a very
heavy resistance.
now traders talk about all these moving averages. comparing 2017, and 2016. like weekly 21ema.
i believe that is very good support, however, i am not sure it can hold long if we fall down from triangle,
because the fall will be so strong it would most likely penetrate 21 ema weekly at 9300. we would have to look
for fundamental ma's.
at the moment, we expect btc halving on may 2020. we have now around 8month left.
we have no news like bakkt, which, needs long time for investors to gather in. at the opening it became a disappointment.
many institute investors would like to long btc and they will look for spots. so this time of low volume
will extend lot longer.
also, traders talk about the direction of btc. so naive and simple obvious, but long btc if we consolidate more
then 10800/11k for 2 weeks. 10400, 10500? no. because we have daily cloud at that price, which is nothing.
other then that, maybe you should stop investing for months from now. alt coins should just break down really hard too.
so gloomy days can come, which is sad.
lets look for good spots. if you are in, i believe this week, or next week, you should escape from long positions for safety.
now traders talk about 7200 or 7500 6800 whatever. we do not know what price yet. time will tell. i do not
think catching a falling knife is good when triangle breaks down.
so try to catch short position. from 10000 to 10200/300. low leverage. bull trap can come to even 10500 area.
regards~
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boom.