Turningmecard

Bitcoin Plan A, PlanB(081419)

Turningmecard מעודכן   
BITMEX:XBTUSD.P   Bitcoin
When we talk about plans, it needs to be two ways. because, Plan A always do not work. PlanB is needed.

exactly, what we need for btc now.

so plan A.

price dropped to 10.5k level. and from 10.3~10.5k, i assume there will be a bounce to 10.7~10.8k level.small bounce, but we can see a falling channel, correctional wave is taking place. also that area, is daily ichimoku cloud resistance as well as daily base line resistance. so, mostly likely i think, another day of dropping along the channel support, and shoot upwards. i am in longs now again, and plan to add up till 10.3k if drops more.


and along the weekends, after the bounce, i assume more downwards after weekly bearish close. i think, whales
would close it bearish, under 10600 next monday. it will indicate drop to bottom of the trend line to 9.7k~10k
area, where a support from 7k is in, also acting as triangle.

at that point, i think price can grow to 10.8k~11k. and mostly likely drop to 10k mid levels, and stay like that
and grow from october, or November.

but all this is in act, if 9.7~9.8k is supported. if that breaks plan b is in play, where btc can drop to 7~8k levels.
that is not impossible, even with 3d GK at 50/200ma. it could be making a bigger triangle after all.

so for now, lets trade plan A, and see if plan A works out. if price drops lower then 9.7k levels and close daily,
that is where we stoploss, and wait for lower prices, as plan b is intact.

then, peace!



הערה:
it might break this falling channel and make parabola drops.
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