For the ones who follow me i said last post in the title :
BTCUSD : little retracement with bullish outcome
where i suggested black on white to expect a bullish outcome and a first 1-2 as main hypothesis. Now here we are for the 3-4-5.
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We have this one where i was talking about that to position is mostly to be a bullish run as an outcome
I have shared my idea with this chart and this legend coming along with it : 1D MACD - still no crossover but by experience this retracement will be likely to give us what i call the bunny ears bullish confirmation which can be found at the beginning of many huge move up.
I have nothing more to add. enjoy !
Comentarios
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could be invalidated :
or if it hold this is minor 1-2
Comentarios
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stillin progress. i will update this idea tomrw with new details
Operación cerrada: objetivo alcanzado
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3-4 reached. a little bit extended in time but you understand that was a price lvl projection.
@volterrmore, i dont see causality between these rise in price and bitmex being down. Yes there is a corelation btu again like i said many time recently, this event what objectively projectable and its happening in the form projected.
To argue vs. your argument a platform being down mean less liquidity to enter. I guesse once it will resume we will see this impulse continuing.
volterrmore
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@simonmercier, I fell asleep. It's back up and price dropped. I believe we will see a further downside movement
volterrmore
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@simonmercier, bitmex allows traders to short btc. As soon as bitmex went down it stopped traders from being able to sell btc for profit. Driving the price up and liquidating a lot of short orders. Keep in mind that Bitmex is one of the largest margin lending platforms on the market right now. It's no coincidence that when the website when down the price of btc went up and when it came back online that it fell. Most people aren't using Bitmex to buy btc but rather short it for profit since we are still in a very bearish market at the time being.