RACEACEACE #BITCOIN LONG THE DIP YES!

24 de mar. de 2020

I believe the price is bullish and, in the event of a dip, will find support in the green box area 6300-6204. The price will likely find support closer to 6300. I believe a touch of 6204 is unlikely, but breaking below 6204 would invalidate this idea.
Always use confluence from your t.a. I don't think this is worth shorting, unless you are VERY aggressive. I am waiting to long. Stay safe!

Support: 6300-6204
Resistance: 6645, 6780, 6860, 7081, 7168, 7310

Also, if the price does make it to 7168 and does not get a VIOLENT REJECTION AT 7168, I believe the next (larger time frame) top will be 11807.

24 de mar. de 2020

Nota

I believe the price will likely follow the same pattern as in the green box in the first chart in this update. I have copied its fractal and fitted it onto the current price action.

1.Dip down to 6300ish
2. Fake move up to around 6780
3. Fake move back down to support (6200ish?) - will have to check when/if the time comes
4. Real nice run up to real resistance near 7168 which will define DESTINY

24 de mar. de 2020

Nota

Instead of 6204, I believe there is a chance the price may wick down to 6184 on the hourly. I will place bids there to catch a long.
Update: Below 6170 is invalidation of this idea

24 de mar. de 2020

Nota

NOTE: THE 1-4 SCENARIO DOES NOT HAVE TO HAPPEN. IF THE PRICE IS ACTUALLY BULLISH, IT SHOULD CONTINUE STRAIGHT UP TOWARDS 7184

24 de mar. de 2020

Nota

*7168

24 de mar. de 2020

Nota

BE PREPARED FOR A FLASH DUMP AND PUMP AS THE ONE ON MARCH 20TH. 5852 WOULD BE AN AREA OF INTEREST

25 de mar. de 2020

Nota

There is a high probability of a bounce at 6236