assarkissian

assarkissian

We're trading above the ATH channel, that's why it will be real tough to break 43k. Very strong support there.

assarkissian

Switching to log scale, we can see the price of BTC is on a collision course with the long term trendline going back to 2015. I believe any buys in the 5000-6000 range are pretty safe long term. We might dip as low as 3500-4500 but that would be short lived. I foresee a slow grind to that trendline over the next 6 months.

assarkissian

Today saw two manipulated pumps. The one in the morning a lot of people fell for and we fomo'd up in price from 6500 to 6800 and it was rejected and dropped back down to 6500 within 12 hours. Then the second pump camp an hour after the dump and we saw less fomo this time. Fool me once kinda thing. The pump was about half the size and should last half the time or...

assarkissian

You can see for yourself where btc is headed next June. At some point it will come crashing into that trend line, but the $5-6k area would be a pretty safe area to get in for long term holds.

assarkissian

Respect the trendline! But how many times are we testing this thing?

assarkissian

Where will Bitcoin go?

assarkissian

BTC is having a nice war in the $8200 range. The longer this holds the more it becomes support.

assarkissian

Drew some trend lines and Fib for short term targets