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Impressive volatility : sell off and bounce with leverage positions triggers both side. Will it retest the low or worst ?

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1PercentBetterToday
@onepercentbetter
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  1. Almost hit the 3rd trigger 28130 order, on bitmex it was 28157 and on binance it was 30,000.

  2. First and 2nd order for #btc + others #eth, #bnb, #ltc, #cake

  3. Arendline rush was real, watching it go deeper and deeper.

  4. Tried to get more #ltc but local fiat to crypto exchange was down, lesson learnt, be prepared: prep the funds earlier.

Failed wedge breakout, with the leverage positions triggers pushing it to 30k and then bounce back up into the wedge. Tested the wedge top, will it breakout up side from here ? High chance but probably wont be the full height. Resistance around 45k-48k.

feeling that the percentage of short covering is higher than buying for the bounce.

On Weekly, MA20 likely to turn down creating resistance zone around 46000, well slim chance but possible is candles closing hover around there and if it manage to break that zone and move back up to 57500 zone quick thus forming the V shape recovery and likelihood for consolidation either the channel or possible big ascending triangle.

On Monthly, almost a confirmed evening star pattern. Be wary of the potential more downside maybe till the 20k, 2017 highs. Take profit from the bounce and trim position.

Posted Using LeoFinance Beta