ssari

Waiting for BTC Short - price for the bounce

ssari 업데이트됨   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
What is the price for that hard drop to be followed by a bounce?
Im posting up the prices from a historical perspective.

Since it happens very quickly, one must put the buy price in before it happens and then sell at the bounce top for a quick short.

Good luck
코멘트:
Zoom in image
코멘트:
Have you noticed the higher lows and lower highs since August this year. Hence the bottom is getting higher. Potentially the next low is around 6320
코멘트:
코멘트:
In both cases, RSI shows overbought conditions.
코멘트:
Fib 0.618 acting main resistance. Rejected once at 6535 and it went down to 6325, it is important to see if it a) gets rejected again and how low it drops b) if it breaks through, how the follow up (volume) looks like. Its a waiting game at this point.

코멘트:
Possibly another perspective
액티브 트레이드:
액티브 트레이드:
My hypothesis using Fib. and wedge and H&S indicators
액티브 트레이드:
Observing higher lows in the 4 hrly
주문취소됨:
At the last price hike I see it as market manipulation at this point. My theory >
As many of us expect the price to drop and have another bottom, we mostly hold back buying. Those who are patient wait.
The bears, who's job is to entice and then sell, for that handsome reward.
The way I see at this point, it is a physiological game and sure I can be wrong.
Those who fear of missing out (FOMO) will jump it as they see the price run away and when there is enough of them in the queue buying or trading, the bears will hit. Otherwise how are the bears going to gain more when the range is already close to the bottom and there is a strong support there waiting.
I will wait to see more data come in before going in, at least a drop to the next support line or fib 0.5 to 0.618 or MA20


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