Appears to be a strong bounce coming in at 30K. For the faint at heart dont even bother getting in, this is going to be a fast move up I feel. If not- more downside, but I think this could be the intermediate bottom.. there is more downside to come, but we have to relax a bit with upside. Should see a 24% increase from 30K. Cheers!
This is a high risk trade- so please place a stop. Personally I hate using them in crypto - CHEERS.
This is a high risk trade- so please place a stop. Personally I hate using them in crypto - CHEERS.
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The algo's have detected the buys.. expect a scam sell off and fast rebound.. this is going to be a wild ride here.
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Poss resistance at 32300 but dont think it will prevent price movemen up wards.
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No worries on resistance hit this is actually confirming the pattern in play. A bullish pattern is also embedded with the former pattern which was not the boost we needed.. The original pattern typically fakes out at resistance (as we have seen) only to rally back off the bullish secondary forming now. . For the noobs place ya stops generously- prove action will be rapid. I dont use them so plz dont ask me about them Cheers.
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expect possible resistance/ pullback at 32500 to shake out weak hands. going back to 30.5k perhaps before rally! Stay tuned
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Possible early rejection 35300 mark.. or at diagonal line. Early pattern rejection point.
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Done with this move.. looking for reset! Cheers!
Moorsc0de aka Crypt0nomics aka Zaphkiel
