Hello and welcome to my Bitcoin analysis! These last days are being crazy, some are positive that we did break out, others think that we are still in a downtrend, bust mostly are loosing money because not using a properly money management strategy and because of bad advices while the whales are feeding as pigs. Yes that´s the market, that´s how it works, whales eat small fishes over and over again, that´s not gonna change, so be ready for that because the future of this market is full of nasty stories. However the point is not to blame the whales but to make good TA anticipating your move to the big capital.
I´ll explain in a few hours how is my vision for next 2 days is working, but I made it easy to catch it. As always, protect yourself with a buy order above the last high, but the chances of a prompt reverse are very very low.
Anyway, if you want to buy cheaper than the levels I draw, just sit and wait because further drops are coming later. If you are bag holder you shouldn´t be here, just sit in your cryptos and do whatever you like to do, this market will get recovered and we will hit again ATH sooner than later.
Good luck everybody!
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For the first drop (orange) the second exit is actually entry. For the second drop same, the second exit is actually the second entry, I copied and pasted it and I didn´t change that word.
Price could go up to to 9294, just don´t panic, but 9163 may hold it imo.
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Market behaviour has changed my levels. Still going down, but I´ll buy in 3 stages: 1. 50% at 8470 2. 25% at 8200 3. 25% at 8080
As I was expecting a drop earlier the conditions has changed, then we may see a double top formation before another bigger drop. I´ll be updating the chart during the weekend, the price still needs to prove further direction.
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Correction 8470 is not a strong, these are my trades: 1. 15% at 8470 2. 15% at 8200 3. 50% at 8080 4. 10% at 7900
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Sorry: 3. 60% at 8080
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The price is bouncing in the log line. A breakout of this line and the last high, could lead us to a first target of 10400. My forecast has initially fail in dates, but still is on the table. I´m in cash now, if this fails I´m in again at 9800.