Short term
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If we don't get back up in the triangle area things can get ugly -- test of 5K incoming soon.
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Feels like the bulls are no longer in control friends...
A limited move up is only possible as short squeeze I think..
A limited move up is only possible as short squeeze I think..
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A brave soul would buy @ 5222 which is 100MA on 4H
That could be profitable, but risky as the momentum is turning...
That could be profitable, but risky as the momentum is turning...
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The bears will be relentless once we see all red on TV for the day..
We should not short but wait this out. We could see huge drops here
We should not short but wait this out. We could see huge drops here
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As predicted - bounce off 5222. Will 100 MA act as support. Nope :(
5K will be the next big test
5K will be the next big test
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BTW: I was hoping we hold on 100MA at least for 4-5h. IF we thru it soon 5K will be lost today
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100MA on 4H. Once this breaks we go down to 5K in no time
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This is what we could see going down..
Will reach 3? Not sure, but I do believe we will kiss 2
Will reach 3? Not sure, but I do believe we will kiss 2
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So, my advice is: patience. remove emotion and wait for better prices.
Ignore the news - it is just a distraction.
Ignore the news - it is just a distraction.
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So, one maybe wondering how probably it is that 100MA holds on the 4H?
And can we make money there?
YES. We can sit here for hours..and form a small channel between 50 and 100MAs
But it is much more probably that we test 5K sooner than later..
So, I would buy there, because I believe we will have a sizable bounce.
We will go down mid-term and see 4xxx.
And can we make money there?
YES. We can sit here for hours..and form a small channel between 50 and 100MAs
But it is much more probably that we test 5K sooner than later..
So, I would buy there, because I believe we will have a sizable bounce.
We will go down mid-term and see 4xxx.
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Look at the RSI. I believe we will go down and jump off of around 40.
This is where you want to buy for long term. That shall be around 2-level on the price action.
This is where you want to buy for long term. That shall be around 2-level on the price action.
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Last advice for the day.. Things will get ugly :) sooner or later...
Remember to control your emotions and wait as the upside is very limited now..
This is a poker game..
When you start getting scared and start doubting the whole crypto -- buy with everything you got. You Do Buy when the fear paralyses everybody..
But not you, because you're ready..
Remember to control your emotions and wait as the upside is very limited now..
This is a poker game..
When you start getting scared and start doubting the whole crypto -- buy with everything you got. You Do Buy when the fear paralyses everybody..
But not you, because you're ready..
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20 MA is Very powerful support and resistance . It doesn't help us now...
Do not think we're going up until we close above it..
Do not think we're going up until we close above it..
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This just formed
