It appears in the next 24 hours BTC could go as high as 30,000 but getting rejected shortly thereafter.
It is expected that it will plummet to at least 28,400 with anything as low as 26,500 in play. This may be late Sunday or early Monday.
Rebound will occur throughout the week with channel being broken sometime later next week.
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This might be all wrong. A guess and check it is really. Do not use it to make trading decisions.
It is expected that it will plummet to at least 28,400 with anything as low as 26,500 in play. This may be late Sunday or early Monday.
Rebound will occur throughout the week with channel being broken sometime later next week.
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This might be all wrong. A guess and check it is really. Do not use it to make trading decisions.
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Update 1: The idea was solid but the timing was off by a day or so.
I said hit 30,000 and be rejected and that's precisely what happened.
I said hit 30,000 and be rejected and that's precisely what happened.
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This idea was eh..? Good as it predicted rejection first (the candles did not sustain above the channel) and where it would first drop to.
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Will it see it all the way through? 4/7 days called with fair accuracy. Can it continue?
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Bitcoin needs a daily close at or above its current price for this to have any more meaning left... That is to say, it is in my opinion, this channel will not be broken if BTC doesnt close in about 6.5 hours at or above 29,600...
Still, be very careful trading. In a blink of an eye it could fall to the bottom white line.
Still, be very careful trading. In a blink of an eye it could fall to the bottom white line.
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This idea is closed. Well laid out except for breaking the channel (which we did briefly) but not sustained.