HMMM..Bitcoin....buy time may be here target 10900/11k
alright. it dropped. made an ascending triangle, and dropped to support.
so it looks like this, but...i am thinking more about going up to 10950 until next 23rd.
as mentioned, everything in plan, 3d ichimoku support is very strong. so i think, since it is supported by the cloud, and also closing above conversion line, it will test the triangle resistance at 10.9k. it could fall short, also,
so if it breaks 9800, more likely 9900, this trade plan was worthless, it could breakdown to further further, in november.
but, until now, it is in the verge of where, bull run start, or bear run start. i give vote to bull run, since, we have
made all resistance supports, and especially 3d cloud was never broken down when it was supported on the upper clouds, looking back at history.
so i think, buy now levels, until 10150/10180 zone, and try to hold until 18~19th, and we need to see if price
can break up at that period over 10300, because 20th, 21th seems, too long, then we have to worry about fall and sell.
so until now, people talking about descending triangles, it will go to 6700, or 5000.. yes i note that. not impossible. but, this is a situation where, the chart has converted like 80% of all bear signals to bull signals,
and 20% yet bear signals. people talk about fractals, and 20% bear signals that it would go down to 6k.
but in reality, we are supported by 3d ichimoku cloud, and for that bear signal to happen, breaking lower then 9800 is key point here.
until that happens, we have to think about repeating history, what it did in 2016. as for now, it is almost the same.
so price goes to 10.9k~11k, retraces to 10100~10400, consolidate and bull run in october, or november. that is
what i think,, as for now. if we dip below 9800, my bear plan strategy will be in play(but for that matter weekly 21 ema is 9300, so...we have to see that too).
so next few days are key, stoploss should be tight at 10150 area, i supposed 10070 is fine, because it can hit 10150 and bounce hard.
good trading!
so it looks like this, but...i am thinking more about going up to 10950 until next 23rd.
as mentioned, everything in plan, 3d ichimoku support is very strong. so i think, since it is supported by the cloud, and also closing above conversion line, it will test the triangle resistance at 10.9k. it could fall short, also,
so if it breaks 9800, more likely 9900, this trade plan was worthless, it could breakdown to further further, in november.
but, until now, it is in the verge of where, bull run start, or bear run start. i give vote to bull run, since, we have
made all resistance supports, and especially 3d cloud was never broken down when it was supported on the upper clouds, looking back at history.
so i think, buy now levels, until 10150/10180 zone, and try to hold until 18~19th, and we need to see if price
can break up at that period over 10300, because 20th, 21th seems, too long, then we have to worry about fall and sell.
so until now, people talking about descending triangles, it will go to 6700, or 5000.. yes i note that. not impossible. but, this is a situation where, the chart has converted like 80% of all bear signals to bull signals,
and 20% yet bear signals. people talk about fractals, and 20% bear signals that it would go down to 6k.
but in reality, we are supported by 3d ichimoku cloud, and for that bear signal to happen, breaking lower then 9800 is key point here.
until that happens, we have to think about repeating history, what it did in 2016. as for now, it is almost the same.
so price goes to 10.9k~11k, retraces to 10100~10400, consolidate and bull run in october, or november. that is
what i think,, as for now. if we dip below 9800, my bear plan strategy will be in play(but for that matter weekly 21 ema is 9300, so...we have to see that too).
so next few days are key, stoploss should be tight at 10150 area, i supposed 10070 is fine, because it can hit 10150 and bounce hard.
good trading!
if the ascending channels breaks, quickly convert to bear scenario.