BTC/USD 8-11 HIGH likelihood of being bullish - PT 2 Dont Chase

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I've thought of about 2-3 good scenarios and I really like this one from a market maker or composite man perspective

Will they kill the longs and hang the shorts before we really get going?

הערה:

I'll take time to officially explain this reasoning. September 23, 2019 Bitcoin began a larger correction that appeared to have bottomed out $7712.45. Oct 1. September 27th Bitcoin broke out of the bear flag or symmetrical triangle. On September 28th Bitcoin created a bull flag. That target was a measured move to the upside of $8535 and began consolidation in a corrective diverging leading diagonal to the downside of our measured targets as TP1($8,090), TP2 ($7,955) — Point E , and TP3 ($7,650). Ghost bars generated for this trade pointed to a downside of TP 3 possible. (www.tradingview.com/...-BTC-USD-Short-Idea/)
The max downside, however, turned out to be $7754.3 and that was short about $50 from our 3rd take profit. On September 30, Bitcoin began an impulse wave (5) to $8535 -- The Bull Flags Measured Target. We took profit Oct 1 at the height of this impulse wave and charted another diverging leading diagonal. This time ending at wave E $7,827.On October 7, we achieved the ending of this corrective sequence and took profit from our shorts. The Oct7 was $7762.35 -- A hair above the Sept. 30 low.From there I hypothesized that the market was ready for another impulse wave up to $8350. This time giving hope to shorts only to crush them and then dump on the early long money.

A day after I published this an impulse wave occurred and by a hair of our $8350 prediction...$8342.48!!!
EW Theory stated A-B-C Correction had to take place and our target was $8150 respectively for refueling the rocket. On October 8, Bitcoin reached a low of $8107.26 consolidating within the flag. Previous to today's TA I hypothesized another money grab from the market makers. This time...breaking out of the flag and consoldating to the ALMOST forgotten target ($7320) of the bear flag that ended on September 26. Today we witness a rise in Bitcoin that is confluent with this hypothesis so far. What will become of the future now? Good luck...

הערה:

LONG Active yesterday take profit moved to $8405 based on current market conditions.

עסקה סגורה: היעד הושג:

Long target $8405 reached reached. We also reached previous set target $8449

עסקה פעילה:

Trade active: Short Active $8455

הערה:

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הערה:

Short Target Reached $8,036