MichielVan Kets
Short

Now that we're all about to sell ;-)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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white circle; the bulls failed, we're not going to break the OUTER long term trend line , they might make 1 last attempt, but it's just not going to happen, so no, the next peak is NOT going to be this year or next year for that matter, of course not.

blue circle; it might bounce off this level, you never know, but it's the UPPER long term trend line , so it just seems very unlikely.

purple circle; well, it's the MAIN long term trend line , so yes, very possible this might be the next bottom, so I'll be buying a bit, but not too much.

green circle; it's the BOTTOM long term trend line ; of course there's a very high probability that we will at least get in the neighborhood, wait and see if we also break it, but as soon as it gets near that circle, I'll start buying and the lower it goes in that area, the more I'll be buying.

but either way; I'm not going into this bull market with an average above $5k, that's for sure

Comment: I should clarify this;
purple circle; well, it's the MAIN long term trend line , so yes, very possible this might be the next bottom, so I'll be buying a bit, but not too much.

I should have said; I'll be buying a bit, but not too much ... *at first or immediately*

I'll wait first to see if it drops even lower, but if it were to break out of that circle ... I'll start buying and once it really broke out I'll wait for 1 last dip and then I'll buy like crazy, as it could be it bounce of this level, it is the main long term trend line, which means; always good buy any way.

it's just that I'm going to wait first, in the hope that it will take a dive well below that line and then i'll be buying for sure and a lot

and if it were to go below $4k, that's when I'll start to use leverage to buy more more more
Comment: well, 1 week later and nothing really changed; the whales who pumped it from $4k to $5k have been selling, which is why it went sideways

it could go for 1 last little run up, but I doubt it will break $9k

but whether it does go up 1 more leg or not ... at some point it will drop and the numbers remain the same; at least $6k, probably $5k especially at first, before the first bounce up, but then it might still go for $4k or even $2k ...

this futile fomo run burned a lot of fuel and trust and goodwill etc ... this is going to hurt bitcoin for the rest of the year

I doubt that once it has corrected we'll see $8k again this year ...

but ok, all we can do right now is to wait a bit longer to see what happens, because it really could go either way
Comment: so, by now we touched $9k ... but barely

and although it looks like it might go up just a bit more, it's obviously weakening and whether not it gets to touch $9.5k or not doesn't really matter, for it to reach that price for a few hours ... that will just not be enough, it's supposed to break it; that's not going to happen and by now that's just even more obvious
Great work.
Could you show a picture from where comes the blue trendline? From the previous bull only or does it have other references before? Thanks
+1 Reply
lol - wrong again.
+1 Reply
MichielVan Kets kaiserjacob
@kaiserjacob, no ... because it's about the idea; the $7500 is just a number ... as long we didn't break $20k and go straight to $100k ... you're wrong!

but as long in between there's a massive correction, then I'm right!
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stop posting this in comments of every other analysis on bitcoin, get a life.
+3 Reply
@oetcap, LOL thats what ive been saying, he is trying to milk views by posting his BTC charts in EVERY SINGLE post someone else does to get clicks. hes pathetic
+3 Reply
@ToddGreen, or ... you made that 1 chart, but then you forgot to buy, which is why you're so frustrated now :P
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ToddGreen MichielVan Kets
@MichielVan Kets, like i mentioned before, i got filled @ 3200, along w many other alts. your just saying words at this point.
+1 Reply
@ToddGreen, *you're*
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@ToddGreen,

PS: I just gave your comment a like, just to make my post seem popular ... thanks for commenting :P
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