Just looking at the chart, I asked myself, what if my reading of bitcoin had been all wrong?
In an old YT video, I mentioned that some financial players (not just "banks" but also others in e.g. asset mgmt.) may be wishing for a crypto winter in order to adjust their business model.
If this turns out to be the case, we still have a long way to go before hitting the inter-year trend from 2014 to early 2017 (the lowest green line).
I thought that we've completed a triple combo correction (red), but what if from 17k to 6k was only XY (yellow)? That would bring us to $2.5k.
I think this is VERY UNLIKELY. As I still think 100k is attainable in 2018.
The judgement time is NOW.
If bitcoin fails the green line from 2017 (we're at it now), 2018 & 2019 are over. Wait for 1k & buy only quality coins then.
On the other hand, if we go up from here (VERY LIKELY), we'll confirm the breakout from the red channel & the support of the green line.
I put "long" on the side because if you want to gamble this is the time (on breakout). If we fall again like Jan-Feb, we should retire from this market for now anyways. This is the judgement day, the last stand.
In an old YT video, I mentioned that some financial players (not just "banks" but also others in e.g. asset mgmt.) may be wishing for a crypto winter in order to adjust their business model.
If this turns out to be the case, we still have a long way to go before hitting the inter-year trend from 2014 to early 2017 (the lowest green line).
I thought that we've completed a triple combo correction (red), but what if from 17k to 6k was only XY (yellow)? That would bring us to $2.5k.
I think this is VERY UNLIKELY. As I still think 100k is attainable in 2018.
The judgement time is NOW.
If bitcoin fails the green line from 2017 (we're at it now), 2018 & 2019 are over. Wait for 1k & buy only quality coins then.
On the other hand, if we go up from here (VERY LIKELY), we'll confirm the breakout from the red channel & the support of the green line.
I put "long" on the side because if you want to gamble this is the time (on breakout). If we fall again like Jan-Feb, we should retire from this market for now anyways. This is the judgement day, the last stand.
Kommentera:
Ok game over.
Kommentera:
Sold everything. Posted huge losses since Jan & I'm done. Market recovery will be slow. A drop to at least 6k can be expected, but if it drops to 6k who will buy?
If we follow the yellow correction line, that's 2k
If we follow the yellow correction line, that's 2k
Kommentera:
agree with this guy's possibility 2 & 3
