FlorisBouman

A good yea, a new year

BITSTAMP:BTCUSD   Bitcoin / Dollar
Btc             has been in a downtrend since the second time it failed to break 20k.

Some fell for the bulltrap when bitcoin             was oversold near 11k in a panic and experienced a bounce.

in that bounce, on bitfinex BTC             never broke 15k (despite reaching 149** multiple times).

To me this indictated a clear failure to break out of this bearish trend which I believe was triggered by a self fulfilling prophecy of a needed correction, bull exhaustion culminating in failure to 20k multiple times, as well as FUD surrounding bitcoin             cash/flippening (I consider it a possibility, albeit unlikely) and charlie lee's tweets.

Now I expect no bullish action for the rest of the year. Many trades and investors will be looking to cash out before new years for tax purposes, and generally buyers take a break during christmas/new years holidays.

I cannot see 10k being broken, and if it is, there would likely be a violent bounce, which would consolidate above 10k.

Once there is a increase in volume anywhere from 9-12k, AFTER jan1, I will enter
Comment: I was wrong but be careful
Fully agree.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out