BTC (Prj.2019.P05.E01).Bearish Argument

٢٤ سبتمبر ٢٠١٩

For now, I see this happening.


Reasons below>



Previous posts that support the bearish argument:

٢٥ سبتمبر ٢٠١٩

ملاحظة

More confluence to support the bearish move

٢٥ سبتمبر ٢٠١٩

ملاحظة

It seems an AB=CD move was completed

٢٥ سبتمبر ٢٠١٩

ملاحظة

30 Minute chart, what do you make of it?

٢٥ سبتمبر ٢٠١٩

ملاحظة

Another version, this can be viewed bearish. RSI seems to say so

٢٥ سبتمبر ٢٠١٩

ملاحظة

Woke up this morning, after buying at 8250 range. Why, I identified it as a key level. Now Lesson's to be learnt from yesterday's price action.

a) have a plan, get all your key levels out on display
b) after a massage drop, there is usually a price increase big or small, it happens.
I missed the bottom yesterday bc I was sleeping. However in the past, I noticed if price slowly slips down from a massive drop, then it will find its support and bounce. Since 8250 was in that range, I bought in.
c) I also had in my plan to buy at 7500 range and sell around 8800 to 8900, this helps, reduce the chance I messing up.
d) The 2nd chart is TA of the results. I will use this as a lesson (so far) for potentially another drop like it. Hence why I'm typing this in for reference.
Still a key student, getting better with mistakes or events by doing post TA.