TradingView
Xandolf
May 27, 2019 5:15 PM

BTC possible Scenario 5/27/2018 Long

Bitcoin / DollarBitfinex

Description

I will be honest, I have been surprised BTC has pushed so high so fast without any sold retests. At this point I don't think that 10k BTC is out of the question. I would like to see a solid retest of at least one of the major support lines. we blew through 6k way to easily, in my opinion and my optimum scenario would be to see btc hit 10k then retest 6k and then go off to the races for wave 3 of five. This would create a nice cup and handle formation, and allow the market to blow off some steam prior to the next push.
Comments
perx
why even bother?
Xandolf
@perx, regardless of whether or not we are 100% accurate (and no one creating these charts ever is), and As long as you are accurate more often then not and you managing your sell orders properly, then you can make some good money.
perx
@Xandolf, not arguing that, for me trying to predict the market is not clever idea
XbladeRunner
Yes!! I agree with this! Good Job
More