We can see for last past months #BTC small bullran. But this is the end of it! I am looking last buy before sell of and start of bear market from 2017/2018.
What makes you believe that we will be in another bear trend?
toniv
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@ericdabbs tnx for commenting first of all. It is based on TA. I am using Institutional strategy to see moves such as this one, but also, when you pass prior high(bigger picture, 2013-2014, price always find support within that area. It sounds crazy when you hear news in this area that we are mooning now and going to 100k. But, this is just the textbook TA. Nothing is 100%. Even inst. Strategy is 85% correct.
ericdabbs
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@toniv, Thanks for the response. What do you think the Target will be in this next bear trend? Do you think we will retest the 3K area or 6K area?
toniv
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@ericdabbs if this is BOS (break of structure), then i think btc will end up 1.3-1.8k ...but till that level it is too speculative to say so, cause a lot of levels between.
ericdabbs
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@toniv, At this part it is hard to tell since the trend is bullish unless this is just to trap more longs. I think it would need some black swan event to drop it to those levels because there are plenty of support levels along the way. I think breaking 3.8K and 3.3K will have to come first before we can even talk about 1.3K - 1.8K. I am not sure if this current run up is just one of those mini bull runs like in Jun 2019.
toniv
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@ericdabbs indeed, as I say, from this point is highly speculative. There is 1000 variations what could be. Lets just wait and see for the start. :)