The next 10 days, will be the determining factor.

Bitcoin / DollarBitfinex

Description

⋅ Dec 18, 2019 7:38 PM

Bulls are alive if it can re-take $7000, with a break of that falling wedge.

If it gets below 5.5k (excluding flash crash), perhaps you should start re-accessing crypto as an asset class. Its going to be another year or two of bear nuclear winter.

Good read if you're in for the long haul: messari.io/report/crypto-theses-for-2020
I'm bullish bias.

Watching hashrate:

Comment

⋅ Dec 19, 2019 4:17 AM

Update. Wait for hash rate confirmation.
It might chop here for a bit more.

Comment

⋅ Dec 23, 2019 1:26 AM

Notes on chart.
8k tag as the first level of ab=cd target from 7k.

Hope you see how this works, with a multi timeframe & multiple confirmations approach to price action.

Comments

noobs

⋅ Jan 20, 2020 1:57 PM

very underrated idea sir

DavidY

⋅ Dec 18, 2019 9:24 PM

That was a quick resolution.

LastBattle

⋅ Dec 19, 2019 3:23 AM

@DavidY, Looks like it,

noobs

⋅ Feb 11, 2020 6:42 PM

turns out the chart isn't a meme

SweeetCorn

⋅ Feb 5, 2020 9:57 PM

Whoa! What kind of sorcery is this? Beautiful call.

A-shot

⋅ Feb 4, 2020 6:35 PM

Any update on this @LastBattle ?

noobs

⋅ Dec 20, 2019 9:21 PM

broke out in terms of hours..

A-shot

⋅ Dec 20, 2019 10:49 AM

How long to wait for?