#bitcoin - continues falling to it´s support (3D)
Good Sunday morning traders,
last week I have been saying, that there is space down to minimum $ 8165. Looking at this still very valid potential diamond bottom pattern just sitting
on the so important Yearly Pivot. So the big question is, where this is going to break. Considering the fact we are on top of the P-Y and it´s position, the odds
are better to break this upwards, I am expecting a rather strong move within the next 2 weeks, until then possibly ranging in the lower $8k´s waiting for buy-orders
to kick in.
What would be very typical Father Bitcoin is a break-down and strong stop-run to take out the shorts and heading back up to form a low. (Or the other way around)
I am refusing to set targets for either direction at the moment, simply because Bitcoin has been a bad boy recently.
Anything else stays the same. As usual I have marked you the important upcoming supports / resistances. (Also have a close look at the cloud!)
I am still scalping by the way. Not ready to take a more steady position just yet. :)
Happy trading.
Neru
p.s. I´d be very happy about a like and comment! Thanks!!
last week I have been saying, that there is space down to minimum $ 8165. Looking at this still very valid potential diamond bottom pattern just sitting
on the so important Yearly Pivot. So the big question is, where this is going to break. Considering the fact we are on top of the P-Y and it´s position, the odds
are better to break this upwards, I am expecting a rather strong move within the next 2 weeks, until then possibly ranging in the lower $8k´s waiting for buy-orders
to kick in.
What would be very typical Father Bitcoin is a break-down and strong stop-run to take out the shorts and heading back up to form a low. (Or the other way around)
I am refusing to set targets for either direction at the moment, simply because Bitcoin has been a bad boy recently.
Anything else stays the same. As usual I have marked you the important upcoming supports / resistances. (Also have a close look at the cloud!)
I am still scalping by the way. Not ready to take a more steady position just yet. :)
Happy trading.
Neru
p.s. I´d be very happy about a like and comment! Thanks!!
I am currently waiting for any sort of signs which direction we will head. Totally
open right now.