$BTC $9,587 the 38.2% Fib Should Just About Do It For This Run

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
4394 95
$9,587 Which is the 38.2% Fib should just about do it o this run of Bitcoin - can it overshoot - of course it's crypto anything can happen but we will simply wait patiently because BTC has not yet seen it's "REAL CRASH"although most longs will tell you otherwise. See you at BTC $1,226 #Trading #Fintech #Crypto
Comment: Still holding - we'll see how it shakes out. The "Real Crash " Hasn't even happened yet. Buyer beware.
1200 is about to start now i guess ! did over extend its bullish run though
+2 Reply
london55555 SaeidKarimzadeh
@SaeidKarimzadeh, Thank you for the comment and yes we'll see if this is the "BIG" one - it's very hard to tell with crypto but feel confident that $1,226 is in its future at some point # PatiencePaysWell
+1 Reply
Hi. I am seeking advice from many famous traders. I think that if BTC reach the last peak in 2017 before 2020 Halving, there will be possibility that the four-year cycles of BTC is likely to change to three-year. What do you think, your precious opinion is a great help to many people.

@pkb6698, It looks to be elongating not truncating, perhaps.

+1 Reply
pkb6698 dRends35
@dRends35, This is so scary ...
Crypt0J1m dRends35
@dRends35, Come on man... that is just so inaccurate you can't make the chart fit your conclusion, infact the 2016 start of the bull run fits our position much better. We've never seen these trends "elongate", usually they tighten until they stabilize. We have been uptrending for months now and its obvious the bear market is over. For christ sakes we rallied to 14k... please take my advice and buy the next dip... 6k would be a great entry. Cheers!! I say all that with the best intentions.
+5 Reply
london55555 Crypt0J1m
@Crypt0J1m, Thank you for the comment and time will tell. Good luck.
+1 Reply
london55555 Crypt0J1m
@Crypt0J1m, p.s. There's a saying on Wall St "history doesn't repeat but it rhymes" Here's just one example of where we stand right now - take a look at the OBV indicator ( On - Balance Volume ) and tell me that it's not about to roll over right in this area - can it pop a bit from here - of course it can but this one indicator is the most reliable thus far with crypto over the years and it wont be long before it turns. As to "for C--- sake we rallied to 14K" So what? It doesn't mean a thing - we rallied to $20K and dropped to $3.200 and trapped thousands of traders that thought "this time it's different" BTC has already trapped many once again that bought above 10K ( yes 10% is still "trapped" ) Want to see the "heard" mentality? Just take a look at our ETHE call from two weeks ago and a drop from $600 to %80 - the "heard" ran it up to that $600 number and as our title said made it "The best short on the planet" We are not BTC haters by any stretch but we will eventually get very long at very low entry points. And the comment ( not b you ) that you're "missing the movement" doesn't hold water because every single one of those "expert" traders haven't made a dime in the long run with crypto - not a dime. Good luck. @dRends35
+1 Reply
london55555 london55555
@london55555, Herd not "heard"
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dRends35 Crypt0J1m
@Crypt0J1m, I think it's great that you're on the opposite side and making your case, and that's how I/we learn here by making real discussion. However you may perhaps find it strange that I consider the excessive upward volatility that has followed a very prolonged correction only further validate another bearish plunge to find a lower low. As you know I'm a student so take this with a pinch of salt, but just for fun I'll say that as far as the small amount of study I've done, I think the volatility actually hints that Bitcoin will go much lower than the previous low. We're going to see incredible panic in the near future and find @london55555 early target (ages ago) of $1226 to be very modest indeed. I'm sure the manual methods I use do not have the nous of a sophisticated algo by any stretch but I would guesstimate that BTC will get close to or even surpass @london55555 target of $398. My chart idea and explanation of why a second bearish structure are below in this thread. Call me crazy - I don't mind if anyone thinks I'm making truth fit the story rather than vice versa. And if I'm wrong I've lost nothing and hopefully some successful long friends can buy me lunch on their yacht. I'm pretty confident the time structure is elongating anyhow. We'll find out soon enough. @pkb6698
+3 Reply
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