Well, as you can see the right chart is 12H and the left one is 4D. Firstly I wanted to use 1D and 1W chart, but they are less detailed. If you remember my , you will be able to interpret the chart much better. But okay, let's start.
I mentioned zones of increased attractiveness and brought them together in categories of growth and fall. As you can see, we have great chances to go down, HOWEVER - we have to remember that there's always the chance that we will see new factors (for example news) which will change the market mood. For example, the phase of deflation will transform into the phase of the first sales, or in other words - the market is overbought and needs a correction. But from another hand, it means nothing because the Bitcoin really needs correction. If we take a look at the end of October 2017 on the 6H timeframe, we would understand that we have the same picture now at the 12H timeframe.
All these factors tell us that we can expect a correction of the growth very soon. And according to the screenshot I've attached above, even if we see a pump and new local high levels, it won't mean that the correction is cancelled. Moreover, there we will look for an entry point for a SHORT position. *Advise not intraday traders.
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This is the worst TA ive seen in a long time! Comparing the top of the last bull market to the very beginning of the current bull market.
Skimanner
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Also the funniest! We are going down, because i put some completely unrelated screenshots to present time up for you to look at. But if we dint go down, its because of "new factors" not because I dint have a clue what I am talking about. And when we hit $1,000,000 at the end of this bull cycle and have a correction the "new factors" will have ended and my prediction from 18 mons ago about a correction will have been right lol
Trendbeat
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This is mini 2018 IMO...
Went up so fast so easily cause everybody and their grandma wanted it to...
However everybody remembers 2017 parabola, and thus appeared the same to all.
While permabuls and whales were estaticon social media... They sold their bags to the alt crowd...
There just aren't any 2018 crowd wanting to FOMO fiat in this thing now...
It needs more consolidation fir new retail investors to become hopeful
johnnylegrande982
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We have already seen a bunch of these "Soon correction" ideas, but Bitcoin continue growing because we are in global bullish trend now. Bro, it is better not to SHORT the correction, but to find an entry point for LONG. IMHO.
LittyKimmy
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@johnnylegrande982, Lol, wish you all the luck when you will stuck with your LONG at $8000 missed all the dump from $14000 ;)
Be bullish on bitcoin long term, and trade alts to make more bitcoin.