Bitcoin Near Future: Where price MIGHT and SHOULD go Short Term
Many of you will be disappointed by my short term prediction ...
Don't be Disappointed.. my scenario IMPROVES the chance of a Moonshot
I will explain in the next comment update.
I just want to Publish this next chart ASAP... adding amending comments.
Don't be Disappointed.. my scenario IMPROVES the chance of a Moonshot
I will explain in the next comment update.
I just want to Publish this next chart ASAP... adding amending comments.
Comment:
So... as I said in my earlier post... I am right about price 70% of the time
And today, the model I described hit the first target...
BUT YIKES! THE DROP DID NOT HOLD!
We bounced off BTC $ 18500 like an unsupervised hyperactive 7 year old on their backyard trampoline.
So what happened in real time...
With my eyes on four giant screens, I was hovering over the trigger to buy $4k of Ripple. This is because I like to trade dips.. whose Ripple payouts are high even on just two cents. ($ 140) But Ripple and all the other coins were just as stubborn as Bitcoin. I never quite got the $ 0.55 buy-in I was seeking... which would have probably happened if we broke $ 8500 and ran down to $ 8200.
What happened in the mind of the market?
I think everyone knew this drop was coming, as enough people were reading TA on web sites or doing their own... all but the most naïve, very aware of the bearish signals screaming at us all week long.
I THINK in my imagination... said bearish whales had a chat on Friday and agreed in plural.. listen, on Monday and Tuesday, let's test the bulls and see what we are up against. Do we nudge and let them run the ball down the numbers? Or will we need to shove hard?
Clearly, They nudged and little happened. Then they finally sold hard. IN spite of the shoves... this was one of the most slow, stubborn price drops I have seen in months.
And the battle for 19,150... a critical threshold launch price for the 20k rally... was nothing... compared to getting past 18970, 18865, 18750.. then 18620.
18620 was NOT on my R&S notepad list.. and when I saw this huge fight between bulls and bears at this level, I was like "WTF?'"
And then we super trampoline bounced off 18500.. and lost more than half the hard won ground over the last 12 hours.
What will come next?
So I say to everyone here... the bulls might try to reclaim $ 19150, But that is a mistake. Healthier is a drop down.... so watch for a breach of 18500.. because that will be the beginning of the ALIEN PROPHESY.. just kidding... it will be the start of the big correction to even crazier lower prices.
Mind you.. all this.. a hard drop down is GOOD to prime the bull run that will take us over BTC $ 20,000.
Happy Trading!
And today, the model I described hit the first target...
BUT YIKES! THE DROP DID NOT HOLD!
We bounced off BTC $ 18500 like an unsupervised hyperactive 7 year old on their backyard trampoline.
So what happened in real time...
With my eyes on four giant screens, I was hovering over the trigger to buy $4k of Ripple. This is because I like to trade dips.. whose Ripple payouts are high even on just two cents. ($ 140) But Ripple and all the other coins were just as stubborn as Bitcoin. I never quite got the $ 0.55 buy-in I was seeking... which would have probably happened if we broke $ 8500 and ran down to $ 8200.
What happened in the mind of the market?
I think everyone knew this drop was coming, as enough people were reading TA on web sites or doing their own... all but the most naïve, very aware of the bearish signals screaming at us all week long.
I THINK in my imagination... said bearish whales had a chat on Friday and agreed in plural.. listen, on Monday and Tuesday, let's test the bulls and see what we are up against. Do we nudge and let them run the ball down the numbers? Or will we need to shove hard?
Clearly, They nudged and little happened. Then they finally sold hard. IN spite of the shoves... this was one of the most slow, stubborn price drops I have seen in months.
And the battle for 19,150... a critical threshold launch price for the 20k rally... was nothing... compared to getting past 18970, 18865, 18750.. then 18620.
18620 was NOT on my R&S notepad list.. and when I saw this huge fight between bulls and bears at this level, I was like "WTF?'"
And then we super trampoline bounced off 18500.. and lost more than half the hard won ground over the last 12 hours.
What will come next?
So I say to everyone here... the bulls might try to reclaim $ 19150, But that is a mistake. Healthier is a drop down.... so watch for a breach of 18500.. because that will be the beginning of the ALIEN PROPHESY.. just kidding... it will be the start of the big correction to even crazier lower prices.
Mind you.. all this.. a hard drop down is GOOD to prime the bull run that will take us over BTC $ 20,000.
Happy Trading!
A bit about me for any new readers...
I first started watching Bitcoin and Ethereum for the purpose of entering the market for day trading.
The first few weeks, I was self-taught and still made money... $ 192 my very first trade.
Then I noticed shapes and patterns on the charts and took out my ruler...
Then a friend of mine, said IDIOT, you didn't invent that.. it's called Tech Analysis
after a while, I noticed everyone else's TA was accurate half the time
for me to trade effectively, I had get price and movement correct 70% of the time
Why? I do not use STOP LOSS.
Thus... I mastered the art of predicting whale movements...
Plus reading dozens of articles daily... from 15 trusted sources about sentiment and TA
At the time, I developed my own style of trading, labeling it Manipulation Theory
To date, I have not found anyone who thinks exactly like me on Trading View.
Some published members are populists, some are brilliant TA experts, some are entertainers..
but many just emboss one sensibility.
I embrace three: true TA, public sentiment (news) and my own Manipulation Theories
Today... still trading; watching chart patterns now for 3 years
There are Four GIANT screens in my home, with live price action at all times
After a while, you just see easily shapes in the clouds, you just know how it will form.
You can use my ideas for your own speculation, trades and amusement
Disclaimer: do NOT to trust my ideas and suggestions as the Gospel
at best, I am correct about 70% of the time
Current Trend December 2020 Summary: Very Bullish
- About ten days ago, whales moved massive amount of coin to exchanges
- this is done for only ONE reason... to SELL
- proof of this was the big 3k drop after we hit our new BTC all time high
- It appears that whales don't want the moon shot just yet..
Why is that?
- Been visiting some of the best TA and market experts articles I follow
- They say that it's now a tug of war between institutional investors and retail vs bearish whales
- The latest theory is that if we fall to a big correction, like 15k BTC, more will buy in
- This means the next push to break the 20k barrier will be intense
- A correction of 30 to 40 to 80 percent... after an ATH... is good and NORMAL
I agree with this thinking, it fits my manipulation theory philosophy
(To understand this, you have to think like a millionaire not a retail trader)
Where will price bottom and what are the triggers?
Possible Triggers:
- When the US dollar devalues, Bitcoin price tends to rise
- Right now, the US dollar is undergoing a 'surprise' leg up
- If Congress had passed the proposed aid bill for 3 trillion, that would have devalued USD
- but that did NOT happen... and may not until January
- In the meantime, increased USD value encourages whales to sell
- if Bulls push past BTC $ 9500.. they get more aggressive
- Whales might want to see BTC prices fall before the Ripple airdrop event
Supports where BTC can stop
21162
21000
20881
20509
20000 Psychological Resistance Price
19907
19860 3rd Top 11/30/20
19656
19600 2nd Top 11/24/20
19480
19300
19200 100 MA
19150
18865 1st Top 11/18/20
18750
18510
18320
18250
18000
17850
17715
17340 POSSIBLE FINAL BOTTOM
17150
16800
16480 POSSIBLE FINAL BOTTOM
16200
15691 POSSIBLE FINAL BOTTOM
15268
14914 POSSIBLE FINAL BOTTOM
What happens after we final bottom and consolidate?
MOONSHOT!
- Most TA specialists I follow predict settlement at 25k BTC (near term)
- Willy Woo - famous statistician who called the 3k bottom, says 200k by Dec 2021