ltc-joe

Bitcoin break out? 4h chart

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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23
Something's brewing...
Comment: Adam and Eve target (ATH test) would be the shorter term target.
Comment: Short term target is *bull trap high test sorry, 17-18k
Comment: Well the tethers news took us down breaking the adam and eve pattern. Did the market overreact to something that happened on december 6th? Some argue the fact that the subpoena was then and they have still printed more tether since is a good sign. Who knows, anyway we don't need to get into that...think there's a decent shot the lows hold here.

If not then anywhere as low as $7500 or so seems likely to me.

Gluck.

Comments

i have plotted the same thing.. lets go!
+1 Reply
Hi Joe, do you still think when Bitcoin recovers, Alts will have a bullish season, as you wrote earlier? And when do you expect it?
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@mvb1, yes! Not sure, but they have held up well amidst all the carnage. Probably any week now they should start to get going i'd say.
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mvb1 ltc-joe
@ltc-joe, Hey Joe, yes they held quite well... but after Sept 15 it was like this: The alts who held well just went down while BTC went up (as /BTC trading pair), remember LTC and XMR for example? do you think this time it's different? BTC dominance is at 35%, I dont think the whales allows this to continue...
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lol..people still riding on $26k rocket dream
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ltc-joe tammy007
@tammy007, lol...people already forgot we have been in a raging bull market. Short term target is an ATH test. Could be wrong.
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ltc-joe ltc-joe
@ltc-joe, Short term target is *bull trap high test sorry, 17-18k
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tammy007 ltc-joe
@ltc-joe, ok got it...quite possible to test 17k again..thanks for this info :-)
+1 Reply
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