Sherem
Short

You're Welcome.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
While everyone else has been posting about moons and rockets. I have been keeping it real. For that, you're welcome.

Once we close below this trend line , which seems almost inevitable at this point. We will head lower.

I believe I warned everyone about this move multiple times.

-Sherem
Comment: So precise!
So on point!
You're welcome:
Comment: if you recall my last idea, I drew a wedge that indicated that we would move up or down depending on where we broke out.

This last idea, we clearly had a break down. We had a daily close, a break below support and we broke the trendline. We did find support at $9,300 which you can see we have been moving up strongly from. However, I wouldn't hit the fomo button just yet, we're moving back up in this massive triangle. Where I would still need a break a little higher for me to get excited with it. Plus, if you look at all the alts, they are doing nothign. It tells me people are flowing into BTC away from alts and that BTC wil dump again. But this is crypto, who knows! Use caution folks.

All my posts are not intended as financial advice, just me sharing what i am doing with my research and positions. Don't stress, pick your points and don't use leverage.

Comments

It's likely to go down further, but you need confirmation. Let's see all the higher time-frames begin to close their current candles. Look for 12h, 1d, 2d, 3d, 1wk. Jumping the gun could be quite costly.
+5 Reply
Sherem ToonaFish
@ToonaFish, I already dumped my positions at 12k and 13k. Nothing costly here!
+1 Reply
@Sherem, yes I get your situation. I was addressing those who may be thinking about piling on additional shorts
Reply
Great charts but "your welcome" comes off as a bit pretentious just share and leave it at that..
+2 Reply
Sherem FreshCrypto
@FreshCrypto, Then people wouldn't click on it!
+2 Reply
@Sherem, I guess everything is clickbait now ; )
Reply
What impact will Bakkt have on the BTC price when it rolls out next month? Is it buy the rumor sell the news type of event? Or will the demand for BTC go up dramatically and send the price higher?
+2 Reply
@BDG, People have known bakkt has been coming out for a while and if that last rally is because of it, it's already baked in the price. It will take months yet to really see the effects from it which will come from usage not just hype
+4 Reply
@BDG, This is just a manipulative drop for Bakkt and others to accumulate. When Bakkt opens up they will pump it. Halving is coming also...time to do the shakeout first. The problem is what price do they want it to fall to. 6k is super strong, it wouldn't surprise me if we went there.
+1 Reply
Sherem BradTrimas
@BradTrimas, Not manipulation. It's cycles. People bought in for the hype of bakkt or whatever and now when people realize, "oh it's gonna take some time for anything to actually happen" they dump.
+2 Reply
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