This is just an interesting way to look at BTC. Enjoy.
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Well, look at what happened:
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BTC must break previous high, if we go lower from 8400 now (which I think will happen), then we have created a higher low, and it will still be bearish.
If we have another drop, I do think this will be the worst one yet, taking us well below $6000. I could be wrong though because lot of wise guys are predicting about $15,000 by October.
The thing is, Vegas has prop bets for Bitcoin now, and based on the payout odds, 5-10k is where they think BTC will be at by EOY.
Enjoy my thoughts to anyone still looking at this.
@sdahiya117, I know it's funny, but it could be true too! ;)
FRXMACHNE
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@elitebagholder, yeah anything is possible but for now, it is clearly a bull sign. SEC gave Coinbase the clear to trade tons of alts. SEC hearing on crypto Wednesday. SEC approved Bitpay regulation license in New York.
UnknownUnicorn1000353
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@sdahiya117, Yes, if you're a technical trader things look pretty good. You guys need to break the inverse H&S neckline, then you'll be looking at a target of 7800 or 8400, then a possible reversal. I think the 6800 break will happen with a small rally. I'm not so interested in that. Hope it works out for you all, but I'm interested in a very good entry so I can hold.
FRXMACHNE
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@elitebagholder, yeah lets see what happens. We all here to make money anyway :)