A small warning i gave to my members half a day ago:
I have to be honest, I am not liking it since yesterday.
First important fact, the rally was a short squeeze, but could still be or though.
Second, the is not a real fight (like in dec), but to controlled AND the Bart move yesterday, starting to feel like things are being planned again.
Third, I don’t like the , makes me doubt a bit as well
Fourth, some alts, like xrp, give me a bad feeling. Also , so past 2 months, but how come it’s so week the past days.
Everything is still in play, version can still play out. But I really want to see it touch the 3650ish again.
So this is a warning, to be careful with your positions or maybe hedge a bit until things looks clearer. My biggest fear is, they short squeezed it, to be able to distribute at current levels.
…………………………………
When looking at this picture, the i compared it to today, even if we go up again, could still be a fake one. First sign we need to see at least, is that red zone break. If that happens, could be this is not a .
I will try to make a new analysis tomorrow. At the moment still no dumping, but it is becoming very important that the 3620 breaks soon, rather within a few hours, but max 24h. What is very worrying AND very different as well compared to the Dec rally, is dead again. Based on this, chances for a move down and/or a Bart move are more likely. It happens (almost) always when becomes this low.
However, even though alts have weakened today, they are not yet getting dumped. So there is still a decent chance it will all work out. As mentioned before, the 3700ish is an important level between bulls and bears for me. So i rather be careful at this stage, the 3700 has to break coming day or two. If that happens, scenario’s are much more likely to happen. Below the 3700, this can all still be a retest inside the bear trend.
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Previous analysis:
Published at Tue, 12 Feb 2019 01:40:42 +0000