I could not resist the possible good news for those who are trapped in coin...
An inverse head and shoulders going to even just 55k will save everyone who is holding
ADA is another story, it is its own 30% retrace hell
Opposite end of the spectrum, OCEAN (now on Kraken) is breaking records
Over the weekend...
I don't think we have enough volume to complete any...
Bitcoin is now following the stock market
It ended Friday with a high close for both BTC and stocks
Over the weekend, volume is less
but price is more easily nudged
Will retail buyers or sellers prevail?
Most Experts fell we are primed for a big rise
Other experts pointed out BTC dominance just slipped under a 4 year trend line
BTC dominance slipping...
A lot people may be holding their coins at high prices
So many are worried about the recent drop
What is my term MIRROR PLAY?
they are spooky cloned replays that can be hours, weeks, months even years apart
Look at the grey ellipses I drew, which are areas suspected of being very similar price movement
as if a young child copied the price history to another place...
Crazy Movements - a brief SAVE by Elon Musk - Crazy Rebellion Rallies
For now, as you see.. I am leaning LONG on BTC (For a change)
A favorite TA pro on here seems to think we are going for a DOUBLE PEAK and then a big fall
This sort of plays into my former charts.. though I did not foresee the MUSK maneuver
That play changed sentiment...
I am publishing this first..
but it goes to show that even might Musk... cannot cause BTC to bend to his will for very long.
I will also explain what happened with Dogecoin... I almost made that blitz but ignored the tip I got LOL Poor me!
The D-Day for Bitcoin will be the approaching Chinese New Year (Feb 12)
Expected massive sell off by miners and whales in...
Some things to consider
- whales that like to dump BTC were absent over the weekend
- institutional investors may be nearing exhaustion
- some alt coins are starting to rally
- new alt coin winners emerging, many names you don't know: Aave, SNX, Chainlink, Polkadot
- I don't trust DOT In the long run
- ADA if it ever passes 0.40 could do 900%
I really don't know for sure...
As you can see, I have been talking about this day since DECEMBER... LOL
Now it is here.. what comes next?
These coins are doing better than others against the fall
They recover faster or resist falling as hard
Are we done correcting?
Probably not. Some experts feel the falls will stabilize at 32k or 28k.
Will add evaluation soon
Jan 15 is BIG deadline for Tether to respond to fraud accusation by US Government.
Can cause massive price slide if the news is bad.
Note: This chart outlines TWO opposing possibilities.
Some people see the price start to recover and think.. wow, it's going to get back on track.
But Head and Shoulders is like a final performance..
it could be the final top... though now is too early to tell.