BTC Bitcoin Ponzi. Big down move coming. Initial Capitulation.
Short from 3730
Stop loss: 3820
Take Profit: 2800
Descending triangle being formed on large time frames. Last chance to exit all markets before the much anticipated hell ride to 2.8k!
Stop loss: 3820
Take Profit: 2800
Descending triangle being formed on large time frames. Last chance to exit all markets before the much anticipated hell ride to 2.8k!
Note
BTC, using the "Tone Vays method" should give us a target of around 2200, which makes A LOT of sense. I believe we won't drop that low, however (unless it is a wick), and will be taking profit at 2500 if the hell ride is as anticipated.
Friendly reminder, I have been calling out this scenario to happen on my old account since summer of 2018, so expecting the prophesy to fulfill. This will NOT be the market low, however.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.