Crypto-Hamster
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BTCUSD: something is different now

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
During all 4 bitcoin lows in 2018 I've never believed that the price would drop below $5.5k or even touch that level. I still try to figure out why, but I do feel different this time: btc must hit 5.5k or even below yet, before the reversal.
Is it a sign of capitulation? (Mine, means, some more of us?)

Not a financial advice.
Yes, for mer it's almost as if the 6 tops we had from december go in pairs (3 pairs of 2 tops = 6).
Each time the average price decreased in the subsequent phase.
For me it's the main clue suggesting the very strong support 5800-6000 might break this time.

If OTOH we broke ~7500 I think it would sign the end of the bear market.
But 4900 has never been retested (that is the only one), big money are probably expecting that to happen at some point because testing it is the only guarantee that whole bull run since october, even at the level where we are, was not completely crazy. Even then, once we plunge below it might be hard to come back (look at ETH, NEO etc).

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@pablo36, Definitely! I feel that until now there was no big of a chance to grow, like the correction wasn't bloody enough. But now IMO we approaching to the state when the reversal is like 50% chance. But before that there must be some drop to shake out the optimists. Interesting time!
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