First of all, thank you for trusting: 3rd TARGET HIT !
Is it possible to spot a Bull Trap, then a Big Fall on BTCUSD , 6 days before Bad News comes and becomes Viral ?
The Moving Water - A New Trading Perspective, actually, did spot it, because it does not wait for bad news to spot a fall.
Doesn't trust on bad news or good news. Doesn't wait on them.
Considers the chart, and all the informations that the market gives.
As you can see, after bad news was viral, panic came up, and it was too late to get money, or not lose it.
Also, before that, still there was a FOMO. ( Fear of Missing Out). Even though news was already out online, many people believed it was time to buy BTC, because it was time to go UP hard, so don't trade FOMOS.
Again, I am sorry for those who are long and bought it at 19k, but when market says it is going down, or going up, no one holds it.
So, it is not my fault if it is going down. I just can see it. Don't believe that my small analysis could influence the market. Not even whole Trading View are able to influence and stop a big wave.
Posted the bull trap chart on May 3rd, for BTCUSDT , saying it would go to 10k, but just after that, it had an update saying: 10 k is out, because, The Moving Water could spot that BTC was not gonna hit 10k on top of the Bull Trap, and it did not get there but very close, as you can see on the chart.
So far so good.
2 targets to go.
For more information check related charts below.
Feel free to: comment, suggest better ideas, ask questions inbox, help me improve, post a better chart on the comment, and GIVE A LIKE and FOLLOW.
ADVICE: STOP LOSS is something everybody should use, everything is possible in this market. But, that's a responsibility a person should have with their money, I don't have the influence on that.
In this crazy world everything is possible, even a sudden going to 0.
Ex: If there is a world war.
So, try to catch the waves, but with a secure area, and limit your risks, considering what you can afford.
Good Luck and Good Profit.
Kommentera
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In addition, I believe it is going faster, then the time frame on the chart, as it is happening.
Prices go DOWN, always faster than they go UP.
As you can see on the chart, the 3 first targets were closer than the other 2, so, they were suppose to happen closer and faster. It will take pause now, maybe little, for then 4th target, and another bigger pause to the final target.
For now, I set a bottom of 5700, But your target is not out. Could happen. Let's keep tracking movements..
Good Luck and Good Profit.
MovingWater
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@lemosedmirf,
vatsa
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You are correct so far. Third target hit. Price bounced back from 8.2 K to 8.5 K. and its sunday. Bit of buying pressure. Waiting to see whether 7K drop will occur soon or price will bump up. Great post! great analysis. Please keep update us.!
btc plummet all the way down to 2-3k this september.
mark my words.