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orlinmyer
Jan 12, 2021 2:30 PM

BTC Move Down? Short

Bitcoin / U.S. dollarBitstamp

Description

A break of $30,000 may indicate we are on trajectory back to retest the previous ATH.
Movement above $42,000 would give an opportunity to potentially see the $50-$60,000 range before a major retracement.
All eyes on Bitcoin.
Expect altcoins to also suffer if/when BTC breaks down, but then expect a major rally in altcoins once that bottom is reached and BTC restarts its rise.
Buying opportunity once we see a ~50% price correction in BTC.
Jan 17-21st seem to be the dates that my timing analyses keep coming back to over a variety of charts.
Personally, I think Jan 19th will be a telling day as XRP hits a low for trading availability on the trading platforms.
I’m looking forward to seeing what plays out in that 5-day span.
Comments
Bitpal
No, No way. Buy the dip! IMHO
Cao-Coins
agreed on this wave but I think time frame will be much longer. Maybe throughout this year
hayzed
i don't think btc will go down below 20k bro
Investroy
Keep on uploading, love your work🙏🏻
Crypapi
No, BTC bottomed out already, its not moving down brother =)
Cao-Coins
@Crypapi, That's a dangerous thinking man. I hope you're kidding
Crypapi
@trilamhungcao, Im 100% sure, not thinking or kidding.
Crypapi
@trilamhungcao, ;)
Cao-Coins
@Crypapi, It's breaking down again bro. Target price is 20 weekly MA at around 18.5K. ;)
Crypapi
@trilamhungcao, Im not even btc, im in alts ;) 4x on alts so far
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