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MonetaryRebel
May 30, 2021 11:04 PM

Sub 30k soon?  Short

Bitcoin / U.S. dollarBitstamp

Description

Been waiting for a while for this triangle to play out, but it looks like we've just about reached completion.
Look at the RSI (white line indicator) while the price is bouncing in the triangle then breaks the support and retested the bottom twice now.
I think that's wave E so I'm expecting a move lower soon.
First target it 30k then 25k then 21,500 is my lowest target. Some people even say 13k but.... I think that would mean something is wrong

Crypto is full of surprises though so do your own research. I just don't think we've really had that Panic mode yet where people think it's all over (which is when we buy, cause we're smart money... Or at least trying to be lol)

***Remember!! We are in the final stage.
You need to decide where you're getting off this ride because we are in the final chapter of the 1st volume of the Bitcoin series. You can hodl... But you better be ready to hodl for 5-6 years and have that money fluctuate wildly as we deal with economic fallout of our government destroying our currency.

***Also remember, if you are leaving all your money as cash in the bank you may get destroyed. It doesn't matter if your deposits are FDIC insured if the dollars can't buy you anything. I recently bought physical silver and feel much safer even though everyone thinks it's a moronic thing to buy. That just makes me want it more!


Not financial advice.
Comments
nevzus
Zoom out, 2h time frame is just a noise for BTC
Sabibaby
Seems like everyone is calling for 20k, better place a buy at 25k.
Jupacryptoyoda
@Sabibaby I like ur thinking people are stupid and think the price can go even lower than this lol. U have nothing to lose buy some crypto now because I gif is max 2 months for a new ath. Besides that don’t trade u ruin the market and ur own portfolio
Pps33_Day
I also see 13k...
Jupacryptoyoda
@Pps33_Day I also see 4k
Jupacryptoyoda
@Jupacryptoyoda times 100
reees
it's certainly possible that price will break below 30K, but i think it's far more likely that it will move up to test the higher levels first

MonetaryRebel
@reees I thought so too but this looks like a triangle and a fractal of another downward move so I have to assume the downward trend is intact.
MonetaryRebel
Sorry about the picture too everyone. I'm out of town so I only have my phone but felt this was important.
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