I hate being too dramatic. Only way to be a good trader is to be rational, unemotional. Not throw soda at the computer monitor because a stupid wick washed you out of a position. Not saying it happened.
But I really believe we are seeing the end of the 4-digits for bitcoin. The halving is coming, the chart, with this sell-off I would argue, is looking more and more bullish. Soon we will be up and past $20k (November 2020 is my guess).
If we take a step back and look at the potential for an inverted head and shoulders, ascending triangle, whatever pattern you would like to call it. Let us just tell the facts.
Low of $3k - January 2019
Low of $6k - January 2020
Low of $8-9k (this is to be determined) - March/April 2020
Higher lows. Not higher highs yet. But higher lows. And a pattern to give this market some oomph. Chart aligning. Stars aligning.
I know we have had a nasty sell off, but this head and shoulders pattern (not the inverted pattern shown in the chart), plus the golden cross, all point towards $8k for what I think will truly be the buy of the decade.
Best of luck traders. Soon will be time to buckle up.
But I really believe we are seeing the end of the 4-digits for bitcoin. The halving is coming, the chart, with this sell-off I would argue, is looking more and more bullish. Soon we will be up and past $20k (November 2020 is my guess).
If we take a step back and look at the potential for an inverted head and shoulders, ascending triangle, whatever pattern you would like to call it. Let us just tell the facts.
Low of $3k - January 2019
Low of $6k - January 2020
Low of $8-9k (this is to be determined) - March/April 2020
Higher lows. Not higher highs yet. But higher lows. And a pattern to give this market some oomph. Chart aligning. Stars aligning.
I know we have had a nasty sell off, but this head and shoulders pattern (not the inverted pattern shown in the chart), plus the golden cross, all point towards $8k for what I think will truly be the buy of the decade.
Best of luck traders. Soon will be time to buckle up.