BTC Update Head & Shoulders has broken
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G' Day Cobbers,
This morning and overnight we had so man y bearish indications converge , BTC had no choice but to nose dive, Take a look at your charts and see the bear flag/pennant on the daily, a clear head and shoulders form and break neckline, all screaming to all and sundry " Abandon Ship " and did they ever. All those long contracts were eaten up along the way giving fuel to the fire sale.
Many of the OG's and whales dropping hints of 14k levels soon had deceived the novice and the uneducated into fomoing into long positions, just to take their money like lollies from a wallaby.
If you have been following me, you would of seen my call for a sub 7k level weeks ago and although we have had chances to make profit of long positions, we have always been heading here. We should see another correction north before heading further down towards the 0.786 fib level at 7393, with a chance of a further fall down to that golden ratio at 6162. We could see another rise to 8300 before this though, we cant free fall for ever.
As usual please like and share and pass the word around and Good Luck Cobbers.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
This morning and overnight we had so man y bearish indications converge , BTC had no choice but to nose dive, Take a look at your charts and see the bear flag/pennant on the daily, a clear head and shoulders form and break neckline, all screaming to all and sundry " Abandon Ship " and did they ever. All those long contracts were eaten up along the way giving fuel to the fire sale.
Many of the OG's and whales dropping hints of 14k levels soon had deceived the novice and the uneducated into fomoing into long positions, just to take their money like lollies from a wallaby.
If you have been following me, you would of seen my call for a sub 7k level weeks ago and although we have had chances to make profit of long positions, we have always been heading here. We should see another correction north before heading further down towards the 0.786 fib level at 7393, with a chance of a further fall down to that golden ratio at 6162. We could see another rise to 8300 before this though, we cant free fall for ever.
As usual please like and share and pass the word around and Good Luck Cobbers.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Anmerkung
Not a good sign but watch where we close this candle out, above this trend line is a must for the bulls. 
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