INTRADAY 10/31/19 Forecast BTCUSDt Binance
Dear friends,
Continuing intraday forecasts.
Dear friends,
Continuing intraday forecasts.
評論:
評論:
The forecast for yesterday is almost completely fulfilled. Bears failed to push the area 9000 USD. But there are practically no organic purchases at this level. Volumes are fragile.
The cue ball course without the support of large buyers and hype stretches down under its own weight.
The exit from the triangle is likely to happen down.
The drawdown depth, in this case, has an extensive variation, depending on the size of the Panic Sale that will be on the market.
The minimum drawdown depth that I expect to see is 8700 - 8800 USD
The maximum fall depth - the width of the bear channel - the target is 7700.
The latter option is unlikely. It is sporadic when Panic Sale goes after Panic Buy in such a short period.
Moreover, the last pump was the blatant manipulation of a significant player - creating a Panic Sale and losing all growth, this is not logical, because the main task was to create a hype and make people believe in a bullish scenario. With a sharp drop, another wave of disappointment will come, which is definitely not needed for the one who arranged this pump.
A likely scenario is going out of the triangle down with a small strait - holding and buying back with another pump.
It will be challenging to say whether a buyback will take place today or not, but the drawdown will certainly not be very deep - I expect the area 8800 - 8500
Good Luck and Good Trading Ideas!
Regards,
Michael @Hyipov
=================================================== ======
Like and subscribe if you liked the material.
I will be glad to any message.
Thank you very much
Everyone GTI
Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
The forecast for yesterday is almost completely fulfilled. Bears failed to push the area 9000 USD. But there are practically no organic purchases at this level. Volumes are fragile.
The cue ball course without the support of large buyers and hype stretches down under its own weight.
The exit from the triangle is likely to happen down.
The drawdown depth, in this case, has an extensive variation, depending on the size of the Panic Sale that will be on the market.
The minimum drawdown depth that I expect to see is 8700 - 8800 USD
The maximum fall depth - the width of the bear channel - the target is 7700.
The latter option is unlikely. It is sporadic when Panic Sale goes after Panic Buy in such a short period.
Moreover, the last pump was the blatant manipulation of a significant player - creating a Panic Sale and losing all growth, this is not logical, because the main task was to create a hype and make people believe in a bullish scenario. With a sharp drop, another wave of disappointment will come, which is definitely not needed for the one who arranged this pump.
A likely scenario is going out of the triangle down with a small strait - holding and buying back with another pump.
It will be challenging to say whether a buyback will take place today or not, but the drawdown will certainly not be very deep - I expect the area 8800 - 8500
Good Luck and Good Trading Ideas!
Regards,
Michael @Hyipov
=================================================== ======
Like and subscribe if you liked the material.
I will be glad to any message.
Thank you very much
Everyone GTI
Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
About Me and My life
ovalapp.bio/michael
ovalapp.bio/michael
