$8000 is a key level for BTC now.

Bitcoin / U.S. dollarBitstamp

Description

⋅ Oct 14, 2019 12:01 PM

Some people are comparing with the $3000 level bottom. Could be, but Im waiting for some confirmations.

This is why $8000 is so important right now, its the level where the "average joe" bought BTC last time. If the Average Joe lost the $7700-$7200 level, $5555 can appear with a click of a bottom.

This is not a trade advice.

Comment

⋅ Oct 14, 2019 12:30 PM

Trade active

⋅ Oct 14, 2019 3:15 PM

Inverted triangle, aka, Bearish Megaphone...

Trade active

⋅ Oct 15, 2019 7:23 PM

The clock is ticking, and a new triangle emerges!

Trade active

⋅ Oct 15, 2019 10:46 PM

Trade closed: stop reached

⋅ Oct 16, 2019 12:33 PM

Trend Analysis Harmonic Patterns

Comments

WyckoffMode

⋅ Oct 14, 2019 5:23 PM

Clicked "Like..." Appreciate you sharing your opinion, Mongoilhot. ; )

I still maintain a differing opinion of course. However, I do appreciate the work you have put into this publication. ; )

Stay Awesome!
"50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH."

monguilhot

⋅ Oct 14, 2019 7:31 PM

@ProwdClown, really appreciate your comments... In midterm, we can be bullish, yes, but Im waiting the visit for $8000 before turn bulish!