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High_Altitude_Investing
Nov 28, 2017 11:58 PM

Bitcoin is ready to shake out again before 10k+ 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin will need to shake out all this fomo one more time before parabolic upside movement comes back .

Support at 9000$

Support at 8000$

Next resistance levels after bounce 10k - 13k - 15k

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Then after the dump at resistance levels of 10k-13k-15k we will see the parabolic leg to 100k+

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greed might extend a bit past 10k before shakeout

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Shakeout won't be as drastic as I originally thought

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shakeout started

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Shakeout complete 13k - 15k here we come

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Watching consolidation

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Support found ready for continuation

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if support doesn't hold 8000$ is the next support.

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Next stop 15k then watch for possible fomo to 20k+
Comments
JosephMoss
OK, so first off, the Trolls are just Trolls. I've been watching Dalin for a while and have been a doing my own charts since I was 9. I'm 58 now. He's pretty darn good, and when someone gets really good on the internet, Trolls and Idiots start spouting off, kinda like an art critic who is horrible at doing art telling an artist whether he is good or bad.

Dalin, just remember to trust yourself and don't get shook by naysayers. I learned a long time ago to keep my own counsel, and how to fine tune my own sense of certainty. I personally think you're a genius, but please don't let that go to your head and cloud your judgment.

I was calling 15k a month or so ago as the top before correction. Crypto is an interesting financial instrument. My only concern is that like today as the FOMO went nuts, these shake outs can be quick, very quick and this one was just 12-18 hours where on regular things like stocks etc., shake outs can take weeks. We could see that ABC retracement only take a week or so, maybe a month because of volatility, and then shoot back up. Then we get the next rise. Question for many will be should I just HODL instead of trade. If today is any indication, we may need to be very nimble to catch those dips.

I am still debating this, but I may just HODL and buy more on the dip. My concern is that it will be too fast to capture a trade.

Also, I have noticed that there is some balance between the forks and BTC. When one goes up (BTC), the others goes down (BCH and BTG) and vice versa. I think eventually they will lockstep with each other, hit a top together and then all fall in unison. But until then they tend to balance each other out, and if that is true, then HODL for all of them is actually a way to go for those who are inexperienced in trading, not nimble enough. The average of all three coins being the actual price of bitcoin as a whole.

What say you?
High_Altitude_Investing
@JosephMoss, I would hoDL my friend the trend is very very strong here! set some sell orders for 14500$ on bittrex >

Sorry for the late response ! hope you have been staying profitable
JosephMoss
@Dalin_anderson, I’m good brother. Last night my boss at my weekend job (only work 2 1/2 days now, by choice) asked me how I was doing for retirement, and I said I could leave today if I wanted to, but I won’t..... The LOOK on his face was priceless.

After the New Year I’ll do some more trading, add to my btc. Right now it’s break time for the holidays, friends, family, reading, movies...then another year of profits.

You’re doing good work my friend.

We’ll catch up later.
binary_benjamin
Can we please get a market recap/stream on youtube ? : D
brazook_
I don't get it. Why did it break out to the upside? The volume isn't really high, is it?
UnknownUnicorn1224155
90% of your charts are wrong... thats really funny xD
High_Altitude_Investing
@Bitwater,
lol okay
roygbiv
@Dalin_anderson, Jesus you just murdered that guy
bedarija
@roygbiv, like he said. 90 % of the charts are wrong, if he gets 1 in 10 right he will go bankrupt soon
luckysteem
@Bitwater, not true. He is one of the best here.
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