To be honest I am grasping at straws here, bitcoin is going nuts and I am certainly not in the knife catching business after having many fingers chopped off in the past...However, I do enjoy trying to search for a reason why the top or bottom might be in. So, here is another stab. We are up against the ascending trend line as well as the 1.618 fib extension. If there is ever going to be a short term top put in, this seems like as good an area as any. Anyways, I am flat and not in a position so obviously I am wanting to BTFD and that is why I am hoping for a top. Believe me, I will be buying plenty from 9.5 down to 7.5 if indeed we ever do retrace to these levels. Anyways, Hope everyone is getting rich AF and hopefully I can join you after a retrace. BTW. please let me know if you are getting tired of the frequency of these charts. I usually just publish what is going on in my head, very theraputic tbh. Thank you all for your likes and comments
so where is the $1500 BTC and $20 you were calling for?
itzroyyyy
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$20 ETH
sebastian.soik
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The final top of this cycle is not in. As expected the momentum increased north of 10k but there is still a high possibility of a sharp correction to the 7-8k area, which is needed to confirm the break-out. Imo every dip will be bought quickly at the moment and prices will rise again. Even if the correction puts prices further down, BTC will rise again in the very near future. So the catching knife thing is not a real issue.
sebastian.soik
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The next full fib extension ends at about 16k. The 100% line of the first one is already pierced. Biggest resistance on the way should be at about 13k which was the closing of the monthly candle of the ATH in 2017