Do not feed the whales with your money! Do not fall for FOMO! Do not buy Bitcoins before the green line (daily MA 125) has crossed the red one (daily MA 205). That's all for the moment. Take care...
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In light of recent events (massive selloff on 14-Nov-2018), it's time for an update.
My view is this: The current price level $ 5.5k is just a stopover on the further way down. The next 23.6% retracement leads us to $ 4.2k in the long term. This is going to become an important key level. It will probably attract the price like a magnet for a long time. In the current situation, I see virtually no chance that things could go up.
Good luck, everyone!
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4.2k is likely to become an important key level in 2019 -- much like $234 in 2015...
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Looks like it is going to 4.3k...
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4.3k from a higher perspective
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when comparing, THE KEY IS: The first drop goes from 1.618 -> 1
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THIS TIME IT'S DIFFERENT
This is what happened Nov 2013 - Nov 2015 This is what's been happening Dec 2017 - NOW
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MA150 30m resistance is too strong. Bitcoin's unable to break out beyond that. As before, going down to 2.9k
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Notice how the bottom formed between weekly MA125 and MA205 last time? We are not there yet. There is still hope. ;-)
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Thought of the Day: If 3.1k breaks the Bitcoin is over
With a little distance, the Bitcoin chart looks like someone jumped two stories down out the window.
He did not use the stairs to go down slowly.
This can not go along without permanent injuries!
evgeny114
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You can also say: do not sell before the red line has crossed the green one. But then look at your chart!
ReallyMe
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@evgeny114, absolutely, you can say and do anything, although I'm not sure I understand what you are trying to say. Especially with the "But then look at your chart!" addition.