Bonfire built trends and intersects BTCUSD

10 de fev. de 2020This may not be the popular idea and I know you may not understand my lines on lines but I'm gonna post this as a concept I use to try and stay ahead (while I'm catching up from vacation). Furthermore, I think there's still slight a chance for a lower low if we keep getting these premature huge spikes. The last one was on time but overactive. I'm not wanting BTC to go down because I have a have a good amount but I like to be prepared for what can happen. Overall, if it can somehow stay near this level for a week or more there is some bullish lift ahead with some quick volatility dips and pumps 12k being maxed out bullish level. That last pump was supposed to happen it when it did however get out of hand a bit aka overbought. This is fine if you account for it and slowly close out BUT without a ton of REAL takers here (9800 to 10k) the price will go on sale again. I've seen it many many times and orders are balanced in arrear , along a moving median that is needed to fill voids in order books (liquidity gaps). Dates are legit many times but getting the y coordinate is not as predictable unless you know what areas have gaps that need to be filled. Attempts will be made at each level unitil balance is achieved. A lower low would be 5800 to 5900 and extreme oversold would be 4800 to 5000 (absolute worst case). 3/1/20, 3/18/20 dates to watch.



See similar ideas below along with the original view of this chart with indicators turned on.







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10 de fev. de 2020

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10 de fev. de 2020

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8 de mar. de 2020

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1st safety net hit hard. looking at an overall decline until 20th or 24th