There won't be an inverse head and shoulders... I can't see this ideas anymore. We are in a clear downtrend.
This will go down at least to the 2nd support. Therefore, it will either be a bigger ABC correction or we'll drop very hard one last time. Okay... a drop to $8000 area is also a strong drop.
Nevertheless, I still see a high chance that we will test or break the $6000 - mark my words.
But until I have no signs I will not post anything about it.
Good luck :)
评论
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User AJWOOD: ''I saw an inevitable drop on it's way, but I sure didn't expect it to hit so dang fast! ''
I expected it. There is a huge amount of long position right now. Last days it increased very strong because of the expected inverse head and shoulders or whatever...
The more long positions there are, the harder the drop will be. It will be interesting to see if people close their positions or not. Because if not then it can go very far down.
When E55 starts posting his ideas it's time to BUY and HOLD
E557
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haha +1 :)
Giovi6969
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Aaah, so many people of this site bashed me when i said in January that Btc was heading to 9200, 8500, 6000 usd... You can't imagine the insults i received on my PM box lol.
I'm curious to see until where their bubble burst denial will lead them to. I hope they won't lose too much though.
xilef94
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Wow, after one month of bad calls you finally got one! Are you a wizard?
knowlton23
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@xilef94, He's been calling this for a while now. You must be feeling stung.
xilef94
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@knowlton23, That's my point. If you would have listened to him the last month, there was no opportunity to buy. If you always call for a downtrend, eventually, you will get one.
Ecua_Trader
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@xilef94, haha I know right I have to praise him for that too lol
kenzboard
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4400 would be my next target
BrettduPreez
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@e55 , the real bull trap was actually hidden in the log graph! :-) Have a look!
E557
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@BrettduPreez, Yes, you're right, that's why you always wait for a small correction after a breakout before you enter.
If there is no confirmation, then you do not go in.
In addition, you could already see in the non-existent volume and divergence that there won't come another rally.