Following on from the previous analysis, we've now reached the invalidation of the previous scenario that was speculating on a new bearish impulse. It appears that the market is not yet ready to drop, and it decided to flush out the sellers yesterday. Anyway the structure remains heavily bearish, we're probably just consolidating longer than expected !
I'll stay away from the bitcoin for a few days, waiting for the triangle waves to plot. Then I'll keep you posted about the next zone of interest to see If I trigger new short entries ;)
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
@ghose12, well I'm amost out of everything waiting for the drop. But i went out to early i think..
PRO_Indicators
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@Fish40, Closed my wallet near 5000$ !! So don't tell me about exiting too early ! Anyway now the odds are most likely to the downside and I'm quite sure we'll meet again with those 5000 ;) But for now I'm trading cautious, simply tipping a toe when I get decent odds.
Fish40
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@PRO_Indicators, oyy, well yea thinking kinda the same. Something like 2013 will happen, and then we will go up :)
Zakir-Ahmed
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@Fish40, PRESENTLY IT IS IN LONG RUN..THIS HYPE IS BECOZ OF NEWS FROM A INVESTOR HAVING BILLIONS IN BITCOIN AS INVESTMENTS..IF IT DROPPED MORE THAN 14.5K THEN WE CAN SEE MORE DROP..IF NOT NEXT STOP WILL BE 18K WILL SOME SMALL DIPS..
Fish40
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@ghose12, well i will get back in if it start showing real Bull signs. Just wanna get conformation for one or another. Cuz long term we will get higher then 15 k even we will droo to 5 k i'm a real believer :p just wanted to a trade to add some value ^^ but i'm patient... For now :)