The price broke out of the bottoming triangle and correction trendline that apparently was significant, and since then up 100%.
We are now at a key level, the 50% retrace.
Bitcoin is now also above its bull market trendline. Which matters to some people.
If we get close to 9200 this could be the top of this bull trend and a retrace will happen.
I already posted short ideas, now I am just waiting for the explosion to slow down.
Would probably retrace fast the first third or half / maybe to 0.382 on linear, then either keep going up, or go down but slooooowly in ages.
Would also post a long idea on a pullback - that bottoms.
If the price goes above 12k (around 0.75 retrace), the probability of ~ 3000 to be the bottom will be very high.
Dumb money got excited because "it kinda looks like 2014 and 2015 bottom" but I will repeat myself once more it is stupid, and now we lost correlation anyway.
In 2015 the price did not rally that much from the bottom. So what now?
The previous retraces in this bear market and the possible future one (from zoomed in to zoomed out fractals):
And for fun, because we want to have some fun too ^^
I will not miss the bear market, shorting and waiting 3 months to make 20% (on my position) and paying 5% in funding.
We are now at a key level, the 50% retrace.
Bitcoin is now also above its bull market trendline. Which matters to some people.
If we get close to 9200 this could be the top of this bull trend and a retrace will happen.
I already posted short ideas, now I am just waiting for the explosion to slow down.
Would probably retrace fast the first third or half / maybe to 0.382 on linear, then either keep going up, or go down but slooooowly in ages.
Would also post a long idea on a pullback - that bottoms.
If the price goes above 12k (around 0.75 retrace), the probability of ~ 3000 to be the bottom will be very high.
Dumb money got excited because "it kinda looks like 2014 and 2015 bottom" but I will repeat myself once more it is stupid, and now we lost correlation anyway.
In 2015 the price did not rally that much from the bottom. So what now?
The previous retraces in this bear market and the possible future one (from zoomed in to zoomed out fractals):
And for fun, because we want to have some fun too ^^
I will not miss the bear market, shorting and waiting 3 months to make 20% (on my position) and paying 5% in funding.