BTC (Prj.2019.P05.E01).Bearish Argument

24 сент. 2019 г.

For now, I see this happening.


Reasons below>



Previous posts that support the bearish argument:

25 сент. 2019 г.

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More confluence to support the bearish move

25 сент. 2019 г.

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It seems an AB=CD move was completed

25 сент. 2019 г.

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30 Minute chart, what do you make of it?

25 сент. 2019 г.

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Another version, this can be viewed bearish. RSI seems to say so

25 сент. 2019 г.

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Woke up this morning, after buying at 8250 range. Why, I identified it as a key level. Now Lesson's to be learnt from yesterday's price action.

a) have a plan, get all your key levels out on display
b) after a massage drop, there is usually a price increase big or small, it happens.
I missed the bottom yesterday bc I was sleeping. However in the past, I noticed if price slowly slips down from a massive drop, then it will find its support and bounce. Since 8250 was in that range, I bought in.
c) I also had in my plan to buy at 7500 range and sell around 8800 to 8900, this helps, reduce the chance I messing up.
d) The 2nd chart is TA of the results. I will use this as a lesson (so far) for potentially another drop like it. Hence why I'm typing this in for reference.
Still a key student, getting better with mistakes or events by doing post TA.