Volatility about to explode within a couple days.
Several hundreds $ sudden price movement ahead.
Can you be more specific,what do you expect the price of bitcoin will be and what kind of explosion are you expecting and are you really expecting a bull or a bear market,i am really expecting for a correction after all these rally and i just want to know what your thoughts are because i am still confused about your analysis .
I am expecting a correction as well, personally.
Yet i don't want to
fool myself, and i'm not willing to see what's not there.
I'm not going to shout
hodl nor
sell, plenty of people are doing that already.
Chart so far pictures a big triangle about to break. That will brings in volatility soon.
keep an eye on that, look for volume pick-up.
Price
may move by about 300 - 600$ from here, not necessarily in one single leg.
Probably 2 - 3 or more (zig-zag).
RSI and volume evaluation so far tell me it's going to break down, but picture may change quickly.
This is a situation where
caution wins in my opinion, hence my heads-up.
Traders often underestimate the risk and overestimate their skill.
Worst case
i can afford losing some potential profit by buying back
after a hypothetic break-up of the triangle.
So far i've liquidated 50% of my BTC assets already and i will adjust my position
after triangle breaking.
This way i don't care if it will break up or down, no blind guess needed.
It may work for other people as well.
