BTC USD H4 UPDATE - 6200 - 7 000 MOVE INCOMING SOON
Hey guys, how are you today? No update for a few days, sorry about that, got banned here.
Anyways, back to the BTCUSD. H4 is compressing into symm triangle, big break out is pending this week.
In hindsight, it's easy to assume that this TRN will break up, however the more likely scenario is downside breakout to trigger stops below
and then a strong reversal near 6100-6200. Final target for the bulls is 7K+.
Why I like this scenario a lot more, is that it will catch a lot of traders off guard - TRN breaks lower, everyone jumps short - and then we reverse big time,
kill a lot of retail traders in the process.
Detailed mark up with my analysis - please review this chart.
We are getting a strong alt coin run very soon - will start later this week and can last for 6-10 days. Get your alt shopping lists ready.
My list has been posted in here a few times already - my top picks are - IOTABTC, TRXBTC, BCHUSD, ETHUSD, ADABTC, XRPBTC.
TRXBTC - if we get a dip soon, which is very likely - just load it up and let it run. Very solid gains coming soon.
DO NOT over leverage on your alt coins though. I'm doing x2 on my alts, say alts will run 40-60%, this is over 100% gains.
DO NOT be greedy, and take your profits, once you see we are closing in on the targets that I've posted for the coins.
BTCUSD is strong for now, cause it didn't die, when NASDAQ sold off last week, also note that BTCUSD didn't dump 1-5th of October, also
a sign of strength - we frequently dump 1-5th of the new month.
HOWEVER, this new push higher is not a TREND CHANGE, this will be just a pretty decent short squeeze, this won't flip trend from BEAR into BULL mode.
Also, why I favor downside breakout of the triangle - all short squeezes start with a move in the opposite direction. I have seen literally ZERO short squeezes
that starts of the range highs.
BOTTOM-LINE: I don't like posting extensive commentary, I like to keep in short and simple (KISS), however right now I thought I'd add more info to this post,
cause a strong alt coin rally is coming and I'd like you guys to benefit and make profit on this run. More details - see chart review.
As always, I'd appreciate it if you can upvote my analysis to make sure new fresh ideas are coming into this space,
have a green week,
Ryders
Anyways, back to the BTCUSD. H4 is compressing into symm triangle, big break out is pending this week.
In hindsight, it's easy to assume that this TRN will break up, however the more likely scenario is downside breakout to trigger stops below
and then a strong reversal near 6100-6200. Final target for the bulls is 7K+.
Why I like this scenario a lot more, is that it will catch a lot of traders off guard - TRN breaks lower, everyone jumps short - and then we reverse big time,
kill a lot of retail traders in the process.
Detailed mark up with my analysis - please review this chart.
We are getting a strong alt coin run very soon - will start later this week and can last for 6-10 days. Get your alt shopping lists ready.
My list has been posted in here a few times already - my top picks are - IOTABTC, TRXBTC, BCHUSD, ETHUSD, ADABTC, XRPBTC.
TRXBTC - if we get a dip soon, which is very likely - just load it up and let it run. Very solid gains coming soon.
DO NOT over leverage on your alt coins though. I'm doing x2 on my alts, say alts will run 40-60%, this is over 100% gains.
DO NOT be greedy, and take your profits, once you see we are closing in on the targets that I've posted for the coins.
BTCUSD is strong for now, cause it didn't die, when NASDAQ sold off last week, also note that BTCUSD didn't dump 1-5th of October, also
a sign of strength - we frequently dump 1-5th of the new month.
HOWEVER, this new push higher is not a TREND CHANGE, this will be just a pretty decent short squeeze, this won't flip trend from BEAR into BULL mode.
Also, why I favor downside breakout of the triangle - all short squeezes start with a move in the opposite direction. I have seen literally ZERO short squeezes
that starts of the range highs.
BOTTOM-LINE: I don't like posting extensive commentary, I like to keep in short and simple (KISS), however right now I thought I'd add more info to this post,
cause a strong alt coin rally is coming and I'd like you guys to benefit and make profit on this run. More details - see chart review.
As always, I'd appreciate it if you can upvote my analysis to make sure new fresh ideas are coming into this space,
have a green week,
Ryders
Komentarz:
6200 target hit. review the latest update here.
Komentarz:
also DO NOT BUY ANY ALT COINS RIGHT NOW. Wait for new updates, stay tuned. Yes, I know that I've called for alt coin rally, but right now this market is in bad shape, so PLEASE STAY OUT / STAY IN USDT/FIAT. Stay safe guys!
Komentarz:
OBVIOUSLY, THIS WAS THE ONLY SETUP IN PLAY IN BTC USD. RIGHT NOW PLEASE STAY OUT - LIKELY A STOP SWEEP TO TAKE OUT WEAK BEARS. I WILL POST AN UPDATE SOON.
Komentarz:
click PLAY button. this played with amazing accuracy!