geronemo

geronemo

Strong resistance zone for this local up-trend in 6800-6900. Here many people are going to sell 1. Traders who beleive in TA 2. Strong players want to have flat here. But they can own Traders ^

geronemo

6760-6915 we have 3 levels of technical analyse Many people who trades using Ellit Waves theore and Fibonacci retracements 1. take theit profits here and 2. some of then are going to open Shorts So here we have a big resistance zone and if the price will pass it that could be a good signal

geronemo

Correction BC of downtranding move AB is 66.5% Each next restoration of price is less than next. And a bit later we will see 1. this pattern will be over and it could be a signal for market recovery 2. or we'll see point E with correction < 59.3% (price ~ 6895) what's no good as we are in the end of tapering triangle

geronemo

1. Promises about ETFm Bakkt and other institutional money can make price higher where bad guys will sell all they bouoght at 6K 2. Disapointment of a) no big money b) no mass adoption will push price down. 3. Nobody will buy as big money are get away from market or in short positions 4. For Several years Law enforcement agencies of several countries tracked and...