TheTradingDog
Short

Bitcoin 6K Confirmed ! (u are using the FIB wrong !!!)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The dump today didn't come as a surprise, well it didn't for me lol ;)
You see, the way I do my TA is different then the rest of the sheep.
Everyone knows that there are CME gaps to fill and those will get filled no matter what, but the fun part is, they are finessing everybody while doing it.
Everyone was bearish when bitcoin was at 9100, where is that energy now? The moment they change your bias will be the moment they will dump there bags.
But for the big guys to drop there bags they need liquidity, thats why the "lower high was broken" but did it really break ? no because there is a new lower high right now

Long live bitcoin right :)
Comment: Looks like it is starting to play out after all, as for part 1 of the drop.
Don’t forget that I put myself out there with a risky TA while everyone was stating the obvious UPSIDE bias. :)
Come Again Haters :)
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The most important lesson I have learned to date, stay away from ANYONE who makes absolute statements.
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if Bitcoin hits 6k zones, ill eat a bag of XRP and give handies to everyone here! lol! excellent chart, but there is not a mining op in the world that can afford to sell below 82 without bankrupting so its not really possible with almost all new bitcoins out of financial necessity being limit sold at 9k+... it would take a serious storm of hellfire to push whales to sell down into the 6s right before a breakout into or close to the 100,000 range... i am not selling a single bit until we hit 17k and all my recently bought BTC was bought at 3-5 k.... i sell what I mine as i Have to but allready holding back as much as possible from every block
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Your reputation on Tradingview is seriously underestimated if $6k comes this August.
+1 Reply
How you feeling about this now?
+1 Reply
TheTradingDog Max_Leverage
@Max_Leverage, my feeling will be the same untill 12246 will be retested and closed above
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6k is not confirmed until price is 6k.
+3 Reply
Oh, well if it's "confirmed" then I'd better just sell off all my Bitcoin right here and now. I wasn't sure, but since you're saying it's "confirmed", well what else can a person do?
+2 Reply
TheTradingDog knowlton23
@knowlton23, clickbait 100
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