On my last update, I said that I could imagine a bull run much earlier. Now I have changed my mind.
Many authors on TV have presented the ideas with a falling wedge. For a short time I had the same idea, but I noticed that it will not work with a very high probability.
The target of $6500-6200 remains, which I already had as a longer target. From that point on, I will watch closely. However, as a result of my technical analysis, we would also have to break this target and approach the $5000-4000 area.
I'm pretty sure we'll have a bull run after that. Bitcoin will rise. Then, it will surely end badly again. I've got targets like $2000 in my mind, so Bitcoin will not move much for a very long time.
Good luck.
Many authors on TV have presented the ideas with a falling wedge. For a short time I had the same idea, but I noticed that it will not work with a very high probability.
The target of $6500-6200 remains, which I already had as a longer target. From that point on, I will watch closely. However, as a result of my technical analysis, we would also have to break this target and approach the $5000-4000 area.
I'm pretty sure we'll have a bull run after that. Bitcoin will rise. Then, it will surely end badly again. I've got targets like $2000 in my mind, so Bitcoin will not move much for a very long time.
Good luck.
Comment:
Weekly close above 8200. We will see a small bull run probably to 9000
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First of all we need to break 8400
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Funny how the last few days everyone talked about a target of $2000-4000. But once you go up $400-300 everyone is bullish again and think bitcoin would reach an ATH. At the end you say it was FUD or manipulations because you made losses and can not admit that you could read it on the chart. I go sleeping. Next few days we see us at $6300.
Comment:
Couldn't break 8400. Made no flag for a confirmation. Bitcoin buy pressure looked weak. This is why I say don't FOMO we are in a bear market. Seems like a bull trap.
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Should we make a bigger flag now you can drive this trade to $9000. Everything is possible. But I don't need this tiny move.
Good luck and good night.
Good luck and good night.
Comment:
It was a trap. Hah. Next stop $6000 area.
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Looks like we are heading for 9000 again slowly.
Comment:
Btc looking very weak. Because of the upmove we made a bigger flag correction. A correction before another dump.
To reassure everyone, there is no reason to operate fomo.
This was my first idea that I do not believe anymore. But once there is a breakout and we make a flag it is a buy.
Nevertheless, I am firmly convinced that this will not happen. For me it looks like a bull trap. As I said last time, in a bear market, most people will burn their accounts because of wrong decisions.
Every market is '' manipulated '', which in my opinion is not bad, so you do not jump after every upmove.
Also, keep in mind how far we have fallen so far.
Note: If I see bullish singhs, then of course I'm open to correct my opinion.