TheTradingDog

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

Short
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. :)

Comments

6k is not confirmed until price is 6k.
+3 Reply
You mean the dump from 11.3k to over 12k? No "big guy will drop their bags" in this kind of time. If you wait for a 6k BTC you will probably wait forever.
The stock market is tanking, fed is cutting interests, US is in a trade war with the biggest economy on this planet and you think that a "big guy" is risking his position which is one of the safest havens out there atm, just because a "gap needs to get filled"?

That's delusional, as you can see in the chart right now.
+3 Reply
Ashby_Parker Tylax-Finances
@Tylax-Finances, BTC is now a safe haven?! LOL
Reply
Tylax-Finances Ashby_Parker
@Ashby_Parker, I don´t know what kind of charts you are looking at but on my charts almost all of the stocks and currencies are tanking while BTC and precious metals like gold, silver etc. are showing significant upside momentum. But actually I don´t care if you want to accept it or not, that´s up to you.. ;)
Reply
TheTradingDog Tylax-Finances
@Tylax-Finances, yo sup ?
Reply
Tylax-Finances TheTradingDog
Reply
Tylax-Finances TheTradingDog
@TheTradingDog, ah just saw the other comments. Lol.. So you think you are already right? We are still 2350$ shy from 6k, so maybe you should use your time and energy on something else until you have more evidence. Maybe some personal development for how to get through life with too much ego should do the trick for you. ;)
Reply
naseef36 Tylax-Finances
@Tylax-Finances, but sometimes it's okay to think irrational in an irrational market.
+1 Reply
@naseef36, sure! I wouldn´t recommend to follow every opinion blindly either. But right now you have to force yourself hard to find any bearish sign for Bitcoin; in my option.
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Tylax-Finances Tylax-Finances
@Tylax-Finances, opinion
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