BTCUSD may go kaput to $8k (or 5.4???)

업데이트됨

At the moment, we're still trading within the symmetrical triangle, but because the lunar new year is still too far away it's hard to see how a rally could start. There're three possible scenarios:

s1: BTC goes kaput from now. This will be very bearish, as we're not even at the apex yet. A drop of 4.5k can be expected ---> target will be 5.4k.

s2: We go to the apex and BTC goes kaput. the long-term trend line could provide strong support. $8 will be the target.

s3: BTC doesn't break down & stays between 11k & 13k until mid-Feb.

btw, if you believe the H&S must be completed, the target will be 5.4k (as the neckline is at 0.5x). I'm starting to think it's really going to 5k. Never felt so real before (even though I wrote it a couple of times).

노트

BTW, I think s2 more likely. 5.4k will be disastrous

노트

bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

노트

I hope bitfinex will not go belly up

노트

The real problem in this market: Nobody wants to buy BTC b/c alts grow faster, but when BTC is in the red alts go redder.

We need a USD (no 't')-denominated exchange that has no BTC pairs.

노트

small pump tonight to 11k. perhaps as we enter feb, this will be the beginning of double bottom

노트

oho, looks like s1 :'(

haven't sold all my shitcoins yet :(

노트

we've touched 9k. if lucky, this will be the end of the crash.

노트

The last time btc is this oversold was on 11/11/2017.

I expect some good news will come within the week.

노트

so much kaput