BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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If it gets rejected from a hypotenuse several times and keeps dropping on 10K level, 90% it will break this level and have a drop to 5k-6k range. We need a confirmation!
Good luck.
Jul 29
Comment:
This scenario still plays out. Good luck.
Aug 01
Comment: buckle up everyone.
Aug 02
Comment:
Aug 05
Trade closed: stop reached
Aug 21
Trade active
Aug 21
Comment:
Sep 30
Comment:
Nov 02
Trade active: So far so good!
Nov 25
Comment: Getting pretty close. Such a long trade.
Nov 25
Trade active
It happened to me many many times in the past. Learning about supply/demand/wyckoff/Pruden/VSA and just looking at the bitcoin chart throughout time made me confident.
This time there were just no sellers around 9100, and the buyers stepped in, means that the price would not go lower. And soon start to go up.
God Bless you and Peace!
+1 Reply
PinkCryptoVN speedracer1234
@speedracer1234, Thank you.
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hahaha Casidom, give me one reason to why this would happen?
I believe the bottom was in at 9100 by the way, see you at 100k
+1 Reply
PinkCryptoVN speedracer1234
@speedracer1234, It is coming. Just wait for a week or 2. It's going down. :)
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PinkCryptoVN speedracer1234
@speedracer1234, Yep, I definitely see you at 100K, but not this year or next year.
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PinkCryptoVN speedracer1234
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speedracer1234 PinkCryptoVN
@PinkCryptoVN, it's okay to have different views.
My view is that 75% that the low is in at 9100 or whatever, I believe a small pullback to 10300-10200 is in order and then we break north big time. And yes 60k this year wouldn't surprise me at all.
I'm gonna make a video blog here in 15 min.
But where is the reasoning? the rsi?
+1 Reply
What's the reasoning for it going down to 5-6k?
This last run-up to 13k was a very bullish sign. Why would we then re-trace that deep?
Also, charting the total I find more accurate.
Anyways, there will be plenty of game between here and 5k if we ever reach there, which I don't think. I believe 7.5k will be enough. But who cares, just play in the NOW and these things don't matter much
+1 Reply
PinkCryptoVN speedracer1234
@speedracer1234, It's not going straight down to 5.5k like you thought. It will form ABC waves. First 7.5K, then up to 10K, and down to 5.5K. I would like to quote what Jim Roger said, "Normally when everybody is thinking the same way, you should start at least thinking, 'Hey wait a minute. It cannot be right, if everybody is thinking the same way and it nearly always is that when everybody's thinking the same way, somebody's not thinking and you should at least examine the other side.'"
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speedracer1234 PinkCryptoVN
@PinkCryptoVN, did I say straight to 5.5? I said, "there will be plenty of game between here and the next bottom."
The Jim Roger quote whoever old man is, is is too complicated for me, goodnight and all the best, excuse my grumpiness, I'm just tired and in dire need of sleep
+1 Reply
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