BTC is going way down if this line breaks, notice the support line (purple) it BTC breaks through we will be headed south!! zzzzz this is taking forever
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the trend line did not break, this is what it looks like over next 18hrs.
7800 is the moment of truth. I still believe that maybe in april the first valid EW count of the new trend started. so 7800 might be a good place to buy in but with a tight stop loss in case the whole idea is garbage.
selby_exchange
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@laserbach, you're brilliant, that is a great strategy at the moment. I am basing the $5680 figure on market sentiment + charting (however it is true speculation on my part at this point). I have been of the opinion that a hard fall for BTC was imminent so I have sat on the sideline for beginning of May, I need to start making $$$ again. I think I need more differing opinions right now to help me form a new strategy or patiently wait this one out... It's when I second guess myself I get screwed ! so I am trying me best to be patient, I am not only managing my $$ right now so I need to be extremely conservative.