Fakeout confirmed after lower high lower low now also confirmed.

25 gru 2018

As I anticipated in my previous btc idea, the fakeout is now confirmed after we failed to achieve a higher high and we have now achieved a lower low to follow that lower high..always a recipe for a down turn...there is a chance that we could turn around in the 3.4-3.6 range to complete a right shoulder...but it's also very possible that we could just keep plummeting from there...I sold at 4125 so I get the comfort of waiting it out a little bit at that range and seeing if it dips any further before jumping back in...if you haven't already sold if I was in that situation I would probably just have to hold until I saw the price dip below the head and then would sell...although the bottom may only be as low as 2.8 which would make it dangerous to sell at that point too it may be as low as 1120 so if one knows how to set smart stoplosses that are neither too lose or too tight it may worth a risk at that point but much safer to simply add to your position at each additional leg down. I ahve a feeling we wont see a rebound until at least the stoch rsi on the daily chart dips down to the oversold zone and it still has a long way to go yet...Whatever the case this is simply my personal strategy for myself in those scenarios and not financial advice..best of luck to all of you out there thanks for reading and I hope you have a Merry Christmas!