Idea continued from April 17th 2018. BTCUSD on the 1day chart (zoomed here) is still bearish. The $9849 short term high and the $5680 low 'call' is still valid from the multiple previous idea's listed. On the 15th of May the 'call' will be invalidated. The instrument has hundreds of millions of dollars sitting and waiting at 6k so I understand most peoples ideas about that being the bottom. However in order for BTC to have another true bull run in my opinion, sentiment must turn negative first which it has not done yet from 19k-6k, so when it falls bellow 6K then we will see tons of FUD and bad news on the internet, only then will we get our next big bull run and it will turn fast. BTC will be on track to retest the 19k area highs in July.
selby_exchange
Finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Does not reply to comments or chat...
selby_exchange
Finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Does not reply to comments or chat...
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