Very likely Adam & Eve bottom on a "long" timeframe in the crypto world.
We've seen massive margin shorts open from 9230 area down to 9000, around 7000 BTC on Bitfinex alone in just 24 hours. Unless theres insider trading involved, again, like we've previously seen, these shorters are taking a HUGE risk going short this massively in this area.
If you can get on the right side of this squeeze, expect upward movement to 13k.
Keep your stoploss just below previous low, and you got a Class A trade 4:1 RW trade.
Best of luck.
评论
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8.3k Must hold for trade to stay valid, however 8.3k fails next bottom should be expected at 7.5k.
I'm not sold on this being an A&E double bottom given how far apart the bottoms are price wise (way more than 10%).
Care to elaborate?
BharadwajRallabandi
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What about upcoming G20 regulations.. likely on march 19. Also compare it with the 2014 crash.. we are no where done correcting
cryptopaatje
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Hi, be wise with your money and watch it! I don't think we are going to 13K,10K will be the highest for the coming days. After that: down!
According to my JOES-fractal we are not seeing a bull-market for the coming week, but going down to 6K or so. After that a new big fractal but to what? Up or down to 2K.......time will tell. Check out my JOES-fractal charts!
Care to elaborate?