Some people have argued with me that bitcoin will drop. I backed up overall bearish sentiment of the market by the relevant fractal of decline. In anyway, for btc to drop further it must enter red triggering area for bears potential dominance. But since we had to many attempts to break below the main support level of 6k and all those efforts were not showing any adequate results, I'd say it's probably time for a bullish wave. Entering green area means that we broke above the triangle which is a typical signal for all players to buy.
In case of a sudden selloff, I'd buy on bottom levels according to fractal setting.
Despite the craziest move I ever seen for BTC, you freaking stranged-curved-trendlines it's absolutely reliable....You are a freaking genius!
ReallyMe
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I think we're about to slump to $ 2.5k
majorlee
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maybe we come up to test these areas in next 48-72hrs, need that weekday market back to find out
A winter sunday play on Bitcoin, bulls towards $4600 [BTFD]
good trades and thanks for the chart
ReallyMe
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ReallyMe
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THIS TIME IT'S DIFFERENT
This is what happened Nov 2013 - Nov 2015
This is what's been happening Dec 2017 - NOW
ReallyMe
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In light of recent events (massive selloff on 14-Nov-2018), my view is this:
The current price level $ 5.5k is just a stopover on the further way down.
The next 23.6% retracement leads us to $ 4.2k in the long term.
This is going to become an important key level.
It will probably attract the price like a magnet for a long time.
In the current situation, I see virtually no chance that things could go up.
Good luck, everyone!
ReallyMe
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@ReallyMe, ...4.2k is likely to become that in 2019 much like $234 was 2015