8400’s will be key here to break then it’s 10,200’s...
Let’s see what happens
Here’s some look back on what happen in the past and if history were to repeat it self..... feel free to pm me or comment below and share your thoughts as well...
The green arrows show more the “bullish” route....
the red show bearish.... with a move “eventually” into 3000’s between the 100%-128% area....which could some soon or even after a run back to 12-14k one more time....
but you can see I measure the drop from 2013 highs....and time it took from the past to point we reversed up (August 17,2015 )86% drop over 623 days....
I then measured the new run from August 17,2015 to our ath it’s off by one day and like 1% on the new forecast but you can get idea......
If you look back we had same exact scenario as we have beginning to play out .... not saying it’s the same thing fixing to happen.... but it’s looking so much like it.....
The bullish route says never see $3000 bitcoin again
But bearish route says it’s still “possible” , but look where we end up once we do..... we end up $300,000+ buy year 2021 if we followed this....
Ah well .... let’s see for starters if we can get above 8400’s again and on to 10,200’s
It doesn’t matter what it does to me cause I can trade with the bulls or bears .... ultimately I’m a believer in bitcoin and see it sticking around! And I’m a believer we will never again see under $800 bitcoin so if you bought last time it reached the 128% levels back in August 17, 2015 .... congrats! Cause it was $162 after being over $1000 and fell.... and everyone was saying it was over....
If $2500-$3000 does come again and everyone is saying it’s over.... lesson here is to buy! Because look where that $162 bitcoin went.... it went up 12,178% to $19891 dollars! ....
Don’t fear if we see a bear market.... it’s an opportunity .... but hey if we see bitcoin breakout of this rut then that’s awesome too.
I’m not a believer that $3000’s would kill the market... it would bring more people in.... and between $3000-$6000 is opportunity to profit 100% up or down .... and same with $6000-$12000(100%) up and down... and 7000-14,000(100%) 8000-16000(100%)
Just be on the lookout for opportunities....
It was funny yesterday on trading view they had an article .... it said “Bitcoin is Dead” .... it’s not dead... they want you to sell them your bitcoin for cheap.... it’s going to eventually be something you come to regret later if you do at the wrong prices....
We need to stick together and help each other grow.
If things get more difficult then they currently are in this market , don’t give up! Nothing usually comes easy! It will pay off if you stick with this. That’s what history tells us with bitcoin and many other things in life....
Don’t throw the towel in , we will overcome these times.
We went through a storm for 622 days last time and it seemed the sun would never shine again .....but it did ...... and “my oh my “ ....did it shine bright for 852 days....
now a little storm has come back upon us.... will it last 600+ days? If it does , we just need to remember that the sun will eventually shine again !
This too shall pass.... and when it does it will be good times .... the storm could all be over in the next few days for all we know....
(Note) the fib is in reverse for a reason... because it gives us the levels going down we are looking for it to reverse back up on.... if you don’t understand this, pm me I’ll send you a video explaining it .
Let’s see what happens
Here’s some look back on what happen in the past and if history were to repeat it self..... feel free to pm me or comment below and share your thoughts as well...
The green arrows show more the “bullish” route....
the red show bearish.... with a move “eventually” into 3000’s between the 100%-128% area....which could some soon or even after a run back to 12-14k one more time....
but you can see I measure the drop from 2013 highs....and time it took from the past to point we reversed up (August 17,2015 )86% drop over 623 days....
I then measured the new run from August 17,2015 to our ath it’s off by one day and like 1% on the new forecast but you can get idea......
If you look back we had same exact scenario as we have beginning to play out .... not saying it’s the same thing fixing to happen.... but it’s looking so much like it.....
The bullish route says never see $3000 bitcoin again
But bearish route says it’s still “possible” , but look where we end up once we do..... we end up $300,000+ buy year 2021 if we followed this....
Ah well .... let’s see for starters if we can get above 8400’s again and on to 10,200’s
It doesn’t matter what it does to me cause I can trade with the bulls or bears .... ultimately I’m a believer in bitcoin and see it sticking around! And I’m a believer we will never again see under $800 bitcoin so if you bought last time it reached the 128% levels back in August 17, 2015 .... congrats! Cause it was $162 after being over $1000 and fell.... and everyone was saying it was over....
If $2500-$3000 does come again and everyone is saying it’s over.... lesson here is to buy! Because look where that $162 bitcoin went.... it went up 12,178% to $19891 dollars! ....
Don’t fear if we see a bear market.... it’s an opportunity .... but hey if we see bitcoin breakout of this rut then that’s awesome too.
I’m not a believer that $3000’s would kill the market... it would bring more people in.... and between $3000-$6000 is opportunity to profit 100% up or down .... and same with $6000-$12000(100%) up and down... and 7000-14,000(100%) 8000-16000(100%)
Just be on the lookout for opportunities....
It was funny yesterday on trading view they had an article .... it said “Bitcoin is Dead” .... it’s not dead... they want you to sell them your bitcoin for cheap.... it’s going to eventually be something you come to regret later if you do at the wrong prices....
We need to stick together and help each other grow.
If things get more difficult then they currently are in this market , don’t give up! Nothing usually comes easy! It will pay off if you stick with this. That’s what history tells us with bitcoin and many other things in life....
Don’t throw the towel in , we will overcome these times.
We went through a storm for 622 days last time and it seemed the sun would never shine again .....but it did ...... and “my oh my “ ....did it shine bright for 852 days....
now a little storm has come back upon us.... will it last 600+ days? If it does , we just need to remember that the sun will eventually shine again !
This too shall pass.... and when it does it will be good times .... the storm could all be over in the next few days for all we know....
(Note) the fib is in reverse for a reason... because it gives us the levels going down we are looking for it to reverse back up on.... if you don’t understand this, pm me I’ll send you a video explaining it .