thombooo

thombooo

I wrote about this being a bull trap from $10k+ and drew the downwards trendline you see on the chart. Look's like I was dead on for now! (Check out that idea in the link to related ideas). But what comes next? I still think BTC could go back to $4.000-5.000, yes! I think the entire market is overinflated at this stage and that a return to mean is for the...

thombooo Updated 

We are still in a bearish trend/market - until we break the upper downward line. I think we're in a bull trap, maybe the last one before we see a double bottom at $6000 or slightly lower (see yellow lines). Then, I think we will see a rise to $7500, with a possible pullback where we will consolidate for a few months, before we gain new strength and start to go...

thombooo Updated 

Here is an idea on ETH from studying the charts - this move looks soooo similar to the last bull trap... it is my (best) guess what will happen next, which is why I am not buying into any BTC breakout between $9.2k and $10k or ETH breakout from $900-$950. Very similar move happening in BTC right now - chart from 6k drop and run-up looks similar to the move from...