I can definitely see a break to $8,000 here in the next few days. We already have a solid V-Shaped Bottom and Falling Wedge pattern. Next stop Inverse Head and Shoulders pattern!
Mr_KnowHow
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@jesdo1977, Yeah probably. This move was nonse that is related to PlusToken scam: twitter.com/ErgoBTC/status/1197496064854634496 6 months to halving but price drops by %50 ? Yeah sure.
@Mr_KnowHow, I totally agree. It was a crazy move up that had to correct hard. However, once we bounce to the $8,200 range we'll be back above the 21 EMA and also stopping perfectly on the .618 Extension. Not to mention that we'll be perfectly above the upper end of the downward sloping trend line. It's just perfect. And you can see the degrading sell pressure. It was incredibly visible ton the V shaped bottom.
Mr_KnowHow
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@jesdo1977, You saw this with the volumes i believe ?
In_the_future
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@Mr_KnowHow, Totally. The V shaped bottom was beautiful. I also watch Coinbase's Buy/Sell Walls pretty much half the day. Which gives me another vantage in order to confirm anomalies.
In_the_future
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@jesdo1977, Sorry, I type quick and don't proof enough. But I think the message was conveyed well enough.
In_the_future
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@Mr_KnowHow, I'll admit that I get such a high from predicting upcoming moves and watching the math play out to perfection. Hopefully, that happens again here.
Mr_KnowHow
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@jesdo1977, It can go to $1 = 1btc maybe who knows?
But from the price chart what I see is: in 5-10 years when you say "I bought bitcoin below 10K", they will think that you are a god :D