I have been following bitcoin for over 2 years and imo if we have a daily close below 0.5 fib speed res fan then a major down momentum will take place which may lead to btc having a dollar value of around 5500.
This is a very pessimistic view, hence I strongly suggest everyone to take it just as a worst case scenario. Considering how simple a lot of the investors are, simple fear and small losses could lead to huge sell offs.
and as always Good luck everyone!!! This is just an idea not advice!
Trade closed: target reached
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90% of the capital in this trade was taken out, still keeping 10% just in case we hit 0.
This was not a pessimistic but a realistic view lol
Great job!
ApexLemur
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@Giorgioversace, Thanks haha, if I were to say its a a realistic view my idea would have gotten a lot of hate probably.
Giovi6969
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@ZumoritoFX,
True, i was insulted when i gave 9k, 7k, 6k targets in January
ApexLemur
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@Giorgioversace, Yeah, they can't accept that bitcoin or other cryptos are not 'the future' so if someone says that they're wrong their delusional brainwashed financially illiterate brains will light up and start insulting people like you and me.
Giovi6969
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@ZumoritoFX,
Lol, exactly/
Do not touch or criticize their Bitcoin, and everything will be fine
Great job!