kenj1

BTC ideer

kenj1 Updated   
COINBASE:BTCUSD   Bitcoin
Just an ideer here.
Comment:
Will be interesting to see how the first CME Bitcoin futures trading ending tomorrow 1/26/18 influences price action going forward in February.

My chart is on target up to this point. I expect to see $11,900 reached tomorrow, and then a pullback to the beginning 3rd Dead Cat Bounce.

Whether or not we dip below the trend line to $8000 is speculative. It could go much lower, it could also go much higher. This is Bitcoin after all. There are many indicators for the price swaying either way, so lets keep our fingers crossed.

If Lightning network is successfully implemented, Moon. If Lightning network fails, Moon.

What a time to be alive.
Comment:
Just wanted to simply add, and this is the honest to God truth: I have no idea what I'm doing.

I wish us all success with our trades, but that is not going to play out the same for everybody.
Comment:
I came close to nailing it, but came up $200 short as we never quite reached $11,900. I did notice the $11,700 level, but I thought it was too obvious for that to be where it would top.

At any rate, I think I'm on target still, though I doubt BTC can muster an expansive move to sub $13,200 valuation, however, should fall in-between there and $12,800 before going wherever it is beckoned to go. lmao
Comment:
I'm looking pretty spot on for my mega cycle analysis.. Don't think this is rocket science, but it's fun for me to track this. I think we'll do just what my sloppy chart indicates, but it likely won't pump as high as 13,200 - more likely to reach 12,700, me thinks.

Who's ready to BTFD? I feel it coming. 10,000 BTC seems pretty low, but I think we still will see a low of 8,200 in the coming week.

Just a reminder, I have no idea what I'm doing.

@RiversandMountains thinks we're going to 4,000$, and he's far more experienced and qualified than myself. I doubt his analysis but definitely don't disregard it, as more people are getting into crypto and the exponentially increased amount of buyers is a factor that should be weighed accordingly. Lots of people trapped above the 16,500 valuation, IMO.
Trade closed manually:
Well, clearly I have no idea what I'm doing. Good day. Winter is gonna suck now if the bear market drives prices lower. Hello May, please hurry up.
Order cancelled:
Exit all crypto markets.
Comment:
BTC looks to have found support, but volatile! !
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