Cup and Handle with Bagels and Strawberry Jam heading to 10227
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My thought is the 2 hour candle is on the 9 and is yet to start its possible 1 to 4 hour candle countdown. This countdown should drop BTC to around 88xx or 87xx before moving back upwards .
.....Go get those roses for the ladies today fellas, its Valentines day !!
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Id be very surprised if BTCs pushes through 9300 without retracing first to the 88xx area. 9300 is a complex high resistance area and the 2 hour candle is on a 9 . "Thou shall not pass" is my guess,
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The 2 hour candle moves in 2 hour increments and I really I hope this play does not take the entire day. The wait is probably worth it I guess at gain of 500 per BTC if it hits 88xx .
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Another good retrace point will be 89xx.
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Drop it like its hot .
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Looking closely at this retrace it has an alternate path which n which drops it to 6k. The problem with a 6k drop Is BTC is not a fan of double bottoms so it could slip further to 5k . We can tell if it is a 6k drop as BTC will move past 86k. BTC It has no business at 86xx today on its current path , so if 86xx appears it may signal a bigger drop coming
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that said i think ill wait on the sideline ,
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why im on the sideline now :
a) futures close today and its been very quiet so far b) Chinese new year tomorrow c) BTC has two alternate paths after dropping to around 89xx . one path to 6k the other to 10k .
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Everyday BTC gives us a new puzzle to solve - add you feedback guys . The More brain cells working in unison the quicker we can figure this out.
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now im very confused ..how can This upward move past 9300 be possible ? a) theres very high resistance b) theres a double top. c) 45, 90 , 1 and 2 hour candles are on a 9 . d) theres been no retrace to 8900
交易手动结束
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Guys my apologies I I could have been wrong about BTC dipping and am going to close this out. I need to understand if im wrong how I misread it .
@jeffryang24,
We can tell if it is a 6k drop as BTC will move past 86k. BTC It has no business at 86xx today on its current path , so if 86xx appears it may signal a bigger drop coming
Guacanagarix
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I dont understand why you want to see what it's not real. so the color its red and you want it to be blue, and you just say its blue. well, good luck. (sorry for my bad English)
doktorek
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Manipulation
ant187
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It's on a parabolic rise, 9236 lowest it'll go I believe, RSI can hit 88-90 on these runs on the hourly, we should see a massive pullback 9500-9800
mycotoxin
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@ant187, odd movement, this is where I stop doing TA as it not making sense to me .
ant187
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@mycotoxin, Indeed, just like when we fomo'ed to 20k, and fomo'ed down to 6 (both times we should have had pullbacks) I believe it's in one of those situations. Longer this goes on harder the crash will be
mycotoxin
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@ant187, ahh gotcha i remember that move , after 9k BTC went parabolic,
mycotoxin
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@mycotoxi , i just dont get how BTC can blow past so many 9 candles . One i can understand if its bullish but 4 ? Thats unheard of