I am the Canary in the coal mine.
If you are following me this last retrace was no surprise. While the volatility of the last retrace was certainly a surprise and violent, the fact that it did should not be news to anyone that follows me. If you don't like surprise's then look through my past ideas and give me a follow. Of course if you want to continue reading arbitrary moon predictions that some of these other people pump out every single day. I am not your guy.
Lets keep it real. First, make sure you read my last analysis on why the big boy's are dumping and WILL continue to do so! They just made a ton of money and there is no reason for them to not take profit. AS SPECIFICALLY STATED last time. They would start to take profit and BTC would cascade down. And look what happened! Boom!
In every single retrace we got a 50% or more retrace on the way up. On the first couple scenarios we got retrace's down to the previous support. That area would be... you guessed it 5k. What I posted about earlier.
BTC did exactly what I outlined, which is a hard retrace.
I will take some time to get to 5k, people won't want to believe it. But we'll get there.
I took the liberty of drawing a proper parabolic curve with how I think BTC will react. Of course since we don't have point #2 on the curve, we don't know exactly where it bases, but we do know that down at this 5k zone, it will be a great buy zone to hodl from, even if BTC pushed down to 4k.
Best of luck,
-Sherem
If you are following me this last retrace was no surprise. While the volatility of the last retrace was certainly a surprise and violent, the fact that it did should not be news to anyone that follows me. If you don't like surprise's then look through my past ideas and give me a follow. Of course if you want to continue reading arbitrary moon predictions that some of these other people pump out every single day. I am not your guy.
Lets keep it real. First, make sure you read my last analysis on why the big boy's are dumping and WILL continue to do so! They just made a ton of money and there is no reason for them to not take profit. AS SPECIFICALLY STATED last time. They would start to take profit and BTC would cascade down. And look what happened! Boom!
In every single retrace we got a 50% or more retrace on the way up. On the first couple scenarios we got retrace's down to the previous support. That area would be... you guessed it 5k. What I posted about earlier.
BTC did exactly what I outlined, which is a hard retrace.
I will take some time to get to 5k, people won't want to believe it. But we'll get there.
I took the liberty of drawing a proper parabolic curve with how I think BTC will react. Of course since we don't have point #2 on the curve, we don't know exactly where it bases, but we do know that down at this 5k zone, it will be a great buy zone to hodl from, even if BTC pushed down to 4k.
Best of luck,
-Sherem
Kommentera:
No surprise that we're coming down folks.
Watch this 10,500 area. If we break it, we go to 9k
Watch this 10,500 area. If we break it, we go to 9k
Kommentera:
Also we just had a Doji print on the weekly chart. Usually means we go down further from there.
Calling the recent volatility:
Calling a short term move up:
outline a strategy for the bear market: