Bitcoin - Big Corrections Starting

28 gru 2020

Publishing first with comments to follow

28 gru 2020

Uwaga

Vadoveek, a very trusted author I follow on Tradingview... seems to think we are destined to fall to 24k support. Supposedly, a cluster of whales wait at a huge sell-wall at 23900ish.

But what if this fall stops BEFORE it reaches 24k... and then rises.. forming THIS great pattern from the old days of 2017...

29 gru 2020

Uwaga

Whales are dropping small nukes on price action again..
Catching intoxicated bulls off guard..

And at the mpment it happened
the assault interrupred a crazy run by ADA that should have led to 30% gains
and ETH perhaps hitting 760 and 800 (finally!)
and it further mauled XRP no doubt

So in THiS chart update..
you can see the fall in price halts just short of the inverted H&S neckline
This is the moment where the price cannot afford to fall much lower
or it breaks the neck line support...
and then falls to 25k
... which could lead to 23900

In the chart below with red arrows
the price NOW could do one of the following (4) chocies

- head up to form the right shoulder, then drop
- Head up and go sideways (unlikely)
- head up to 30k and then drop (50/50)
- pass 30k and start a new parabolic rise (less unlikely)

what happens next is anyone's guess

29 gru 2020

Uwaga

This idea I have been playing with was a musing...
after 12 hours of more price action, now it is looking entirely possible...

30 gru 2020

Uwaga

My comical idea... so far is halfway complete as REALITY... no one on Tradingview got this forecast right so far.

Note: My forecast pattern become correct only if we visit a slightly higher ATH and then it all falls to 24k.