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coin8300
Aug 25, 2019 11:12 PM

Price has calmed, behaving same as when we were at 3k-4k range Long

Bitcoin / U.S. dollarBitstamp

Description

Typically when things calm and volume drops we have reached an equilibrium. This is exactly how btc behaved in the 3-4k range before it shot up nearly 4x. If you have shorts use caution with limit order covers and if you are trying to make an entry it looks like you are running out of time. This is the environment when the giant green candles appear.

Random drawings going up to 20k are not to be taken seriously on a technical level but I do think its possible we will approach or exceed the 20k marker before year end.
Comments
coin8300
Ill also add on directionality that I think the multi-year upward trajectory looks strong on both a macro and industry advance level. Global markets are only getting more chaotic, rates only getting lower, central bank coins and Libra getting closer, halving is just 3/4 of a year away, Bakkt coming online next month, brokers offering more crypto products to customers, etc.
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