BTC/USD 8-11 HIGH likelihood of being bullish - PT 2 Dont Chase
test
I've thought of about 2-3 good scenarios and I really like this one from a market maker or composite man perspective
Will they kill the longs and hang the shorts before we really get going?
I've thought of about 2-3 good scenarios and I really like this one from a market maker or composite man perspective
Will they kill the longs and hang the shorts before we really get going?
评论:
LONG Active yesterday take profit moved to $8405 based on current market conditions.
交易结束：到达目标:
Long target $8405 reached reached. We also reached previous set target $8449
交易开始:
Trade active: Short Active $8455
评论:
Short Target Reached $8,036
The max downside, however, turned out to be $7754.3 and that was short about $50 from our 3rd take profit. On September 30, Bitcoin began an impulse wave (5) to $8535 -- The Bull Flags Measured Target. We took profit Oct 1 at the height of this impulse wave and charted another diverging leading diagonal. This time ending at wave E $7,827.On October 7, we achieved the ending of this corrective sequence and took profit from our shorts. The Oct7 was $7762.35 -- A hair above the Sept. 30 low.From there I hypothesized that the market was ready for another impulse wave up to $8350. This time giving hope to shorts only to crush them and then dump on the early long money.
EW Theory stated A-B-C Correction had to take place and our target was $8150 respectively for refueling the rocket. On October 8, Bitcoin reached a low of $8107.26 consolidating within the flag. Previous to today's TA I hypothesized another money grab from the market makers. This time...breaking out of the flag and consoldating to the ALMOST forgotten target ($7320) of the bear flag that ended on September 26. Today we witness a rise in Bitcoin that is confluent with this hypothesis so far. What will become of the future now? Good luck...