btc has reached a zone of volume & is inching towards EMA's that once were deemed as black swan. I think we soon find a rally back up towards 30k before finally succumbing to our destiny of 80-85% drop into the 10-13k region.
May the odds ever be in your favor.
May the odds ever be in your favor.
Trade active:
Still looking for ~28k to short again.
Trade closed: target reached:
Move down to 16k and move up to 28k completed. SPX has proven bullish according to its relationship with the 200D Moving Average.
I see this as reason not to expect 10-13k BTC any longer. The S&P500 hasn't done this in any capitulation in the past. So unless this is a first of its kind, I don't anticipate anything cataclysmic.
See my latest BTC idea regarding adjusted bull market fractals if you'd like to see my forecast expectations. It'll likely push up higher to 32-50k and then find its way sideways/down for a while. I've TP'd 50% here at 28k, and another 25% will be TP'd at 50k, and the rest will be TP'd at anything 100k+ for giggles. See you there
I see this as reason not to expect 10-13k BTC any longer. The S&P500 hasn't done this in any capitulation in the past. So unless this is a first of its kind, I don't anticipate anything cataclysmic.
See my latest BTC idea regarding adjusted bull market fractals if you'd like to see my forecast expectations. It'll likely push up higher to 32-50k and then find its way sideways/down for a while. I've TP'd 50% here at 28k, and another 25% will be TP'd at 50k, and the rest will be TP'd at anything 100k+ for giggles. See you there