It's about to be determination day! will we continue in the pitchfork or break up resulting in a short squeeze propelling us upwards a few thousand, prior to a huge throw over causing us to make our way down to new lows as we finish off the correction.
Trade active
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Target the blue trend like around 5850 expect us to bounce back up to around the red edge of the fork at 6150 ish for wave 4 and then one more push down to around 4950. Expect wave 5 to be extended because we will be hitting new lows! After this we will see an explosive move up be prepared!
hey man. haven't heard from you in awhile. are you still expecting low 4000s in bitcoin before a major bottom? thanks
zerotozeros12
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@tonygrusso, I think we should find our selves making it up to 7120 ish before going down again. We should be seeing huge volume any moment.
zerotozeros12
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@tonygrusso,Sorry about not posting lately. I'm working on an a road map that I think BTC could potentially be playing out. By tomorrow I should have enough data to determine whether or not it is a possibility. I do still see there being a high probability of BTC going down to that range, eventually. Prior to that I believe we may see a bounce in the mid 5ks back up to around 9-10k before 4k Scenario begins playing out.
zerotozeros12
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@tonygrusso, I believe on this initial bear run we will finish around 5650. I expected a higher bounce than we had but despite the week bounce things are still going accordingly. (Once we hit that 5k range I we should expect to see false bull run to around 10k before we go down to the low 4k range. ) Where do you think we will go, how has your TA been?
serviceleads
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ya, if you really think there are only 2 routes BTC can take I urge you to try your hardest to at least hypothesize other scenarios.......juusssssttttt in case things don’t go as you planned.
zerotozeros12
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@serviceleads, Haha I am fairly new to day trading crypto but not that naive to think that there are only 2 routes that BTC could possibly take. This post was just for the very short term. We likely saw the last significant drop prior to us getting ready to make a significant move up for primary Wave C of Cycle B corrective wave.
But in this market, more so than any other, it's all just speculation. As we know that the whales will take us wherever they can make the most money.