Confirmations: - We´re are in a Correktion in the Daily Chart - In the 1h Chart we have a finished bullish Sequence - Doubletop at the (Targetzone) + (0.71-0.785 Level)
Remember this, BTC will reach 3k-5k and rise up to 20-25k in a timefence of 2-max. 3 years ;D
MatTheCat
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@davidMdv, Yep....Not many people thinking that btw......not even the seasoned pros (which is one good reason why it will happen). I would go one step further though and say 2K BTC. Take out the floor at 3K, and then we have real capitulation among hardcore Bitcoiners, not just Joe Public who the Bitcoiners all seem to reckon are queuing up to by Bitcoin, so soon after getting their asses handed to them in 2018......wouldn't put a timeframe on it though......despite Bitcoin's supposed 'safe haven' asset status, it does seem to trade pretty much in sync with US equities, which again contrary to majority opinion, I suspect are going to be in for a bit of a rough patch this year, recovering of course going into Nov US elections.
MatTheCat
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Fk awesome trade! Not many with the balls to take that....hope u never let it come back on u too much....
....shame about the white charts....I look at a white chart and can't even think.
@MatTheCat, the next entry will be on the 0.71 Fib level of the last downsidemove,also a retest at the M-formation (DoubleTop), it´s too easy to trade BTC, Gold and somethink like that
MatTheCat
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@davidMdv, Perhaps....
But I wouldn't be as confident (at this stage) of hitting another ~70% retrace short, as I would have been the first one, which just had everything in place, but was still counter trend. Got to respect the HTF until the signals suggest otherwise: