Bitcoin - What's going to happen in the next couple of months
Hello and welcome.
The most probable scenario is this one.
Sadly for traders the volatility will drop, but that doesn't mean they'll be nothing to trade in crypto, for example Ethereum will shine again and it hasn't yet, unless it goes above 1k before that low volatility period, we'll be able to trade it.
As Bitcoin remains stable, alts are usually (finally) able to follow their own path, so we'll trade alts imnsho.
The most important fact supporting this is simple:
- If something happens all the time over and over again, pretty much happening the same since middle ages, the chances it will happen again are VERY likely.
We might revisit the lows (1). One way we can tell we're going there is if the chats are filled with "I am seeing a rounded bottom, great time to buy" or "I see an inverse head and shoulders on the 5 minute chart, great time to buy".
Basically we can tell the herd is scared and about to sell by the amount of clowns writting the words "Great time to buy" in chats.
The most probable scenario is this one.
Sadly for traders the volatility will drop, but that doesn't mean they'll be nothing to trade in crypto, for example Ethereum will shine again and it hasn't yet, unless it goes above 1k before that low volatility period, we'll be able to trade it.
As Bitcoin remains stable, alts are usually (finally) able to follow their own path, so we'll trade alts imnsho.
The most important fact supporting this is simple:
- If something happens all the time over and over again, pretty much happening the same since middle ages, the chances it will happen again are VERY likely.
We might revisit the lows (1). One way we can tell we're going there is if the chats are filled with "I am seeing a rounded bottom, great time to buy" or "I see an inverse head and shoulders on the 5 minute chart, great time to buy".
Basically we can tell the herd is scared and about to sell by the amount of clowns writting the words "Great time to buy" in chats.
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When I say the same stuff happens over and over again, since the mdidle ages, Goldbug posted an example for me :)
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People are afraid Bitcoin crashes to 1000$.
And here I am just afraid I am right and can't trade for several weeks.
Been in the same range since the 25 Feb. If we keep tightening I'll simply accumulate.
I'll calculate when we get out if we're still in here this week end.
I predicted 6k would get hit the 6 february so maybe I can do the same here...
(I didn't buy at 6000 because I listened to an expert Guru on TV that said we were going to 5600$ :} I was bad and I learned the hard way)
And here I am just afraid I am right and can't trade for several weeks.
Been in the same range since the 25 Feb. If we keep tightening I'll simply accumulate.
I'll calculate when we get out if we're still in here this week end.
I predicted 6k would get hit the 6 february so maybe I can do the same here...
(I didn't buy at 6000 because I listened to an expert Guru on TV that said we were going to 5600$ :} I was bad and I learned the hard way)
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With luck it will only be 3 useless weeks then the game is on!
Who called it better? Who called it better? Cringe.
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I called this idea "what's going to happen in the next couple of months" not "weeks"
Is it possible this is it? We did what we were supposed to, but super fast?
Let's look at Nasdaq:
Was following the same pattern, but not anymore, OR it's going much faster because of news....
Maybe we we'ren't supposed to visit the lows this early and will go up then visit 7k region in 2 months in June let's say...
Stupid news ruined it I bet...
Oh well.
This picture is of godlike importance:
I don't think Bitcoin can hold this log trendline that many years...I mean at some point in only a few couple of years its at several millions, grows exponentially...so...
Is it possible this is it? We did what we were supposed to, but super fast?
Let's look at Nasdaq:
Maybe we we'ren't supposed to visit the lows this early and will go up then visit 7k region in 2 months in June let's say...
Stupid news ruined it I bet...
Oh well.
This picture is of godlike importance:
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Bitcoin is going to need another trendline as support...maybe the linear one I just posted...
Because the problem is if it loses the log support it had since its creation... Nothing's holding it, road to 0.
Maybe it will be time for the flippening who knows? If it doesn't get another trend as support.
Because the problem is if it loses the log support it had since its creation... Nothing's holding it, road to 0.
Maybe it will be time for the flippening who knows? If it doesn't get another trend as support.
Comment:
1 month has passed and I'm dead inside. Just boring low volatility inside the same range.
Can't even trade alts while BTC does nothing they're all correlated, should have just ran to the stock market... I knew this would happen. God and I missed so much in the past months when there were so many opportunities you can't make that up -.-
9500 / 10300 would be good lower high. Then... 6900-7500 Theeen something something 8500 idk idc.. then everyone lose their mind at the boredom hopefully I'll be long gone, and then road to capitulation accumulation bullnation.
Can't even trade alts while BTC does nothing they're all correlated, should have just ran to the stock market... I knew this would happen. God and I missed so much in the past months when there were so many opportunities you can't make that up -.-
9500 / 10300 would be good lower high. Then... 6900-7500 Theeen something something 8500 idk idc.. then everyone lose their mind at the boredom hopefully I'll be long gone, and then road to capitulation accumulation bullnation.
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Still in the useless green box :D
Tightening till a break. If the delusional bulls desperate to break even would just have sold we could have resumed a bull market quick, but people are slow and it is necessary for people that haven't found the zoom out option to spend alot of time there. Probably volatility drops as we tighten in that 6k-12k range.
If we keep forming higher lows and lower highs, we're going to have a violent break. If this is the most boring it gets on average, I would be more than happy.
The thing is, June is usually very volatile if I'm correct, so a break would be possible in a couple of weeks <3
Of course that range is large and there's still alot of opportunities, just the suspense is boring. And it's not as profitable as 2017 obviously.
And plenty of manipulation due to low volume + they don't get punished for it / no regulation.
If we keep forming higher lows and lower highs, we're going to have a violent break. If this is the most boring it gets on average, I would be more than happy.
The thing is, June is usually very volatile if I'm correct, so a break would be possible in a couple of weeks <3
Of course that range is large and there's still alot of opportunities, just the suspense is boring. And it's not as profitable as 2017 obviously.
And plenty of manipulation due to low volume + they don't get punished for it / no regulation.
