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bmrm98
Oct 21, 2022 3:41 PM

another case for sub-10k bitcoin 

Bitcoin / DollarBitfinex

Description

i have tons of post now all trying to time the crash, some have been more accurate than others, but i want to keep reiterating that despite the sideways movement, we are still on the verge of wave 5 and to tread carefully when trading. nasdaq is in the same wedge currently, we are on the verge of the 2nd great depression.
Comments
SwallowPremium
Thats one possible solution
bufafet
good idea, btc might get bullish momentum from dxy rejection though?
bmrm98
@bufafet, i think dxy might test the top of the channel again between now and the end of januaryish, but yeah where the trendlines lie right now this gets invalidated at like 21/22k, the october close is actually gonna matter a lot.
frankebizz
I do fully agree, I see the crucial support zone at around 14k = last test back and it will initiate a strong rise of btc / this test back had to happen... see my earlier ideas
f4taL1ty
Excellent idea
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