This is the first time I guarantee something. That means 100% confidence. You can't mess around with 100%.
I guarantee bitcoin goes below 5700.
I guarantee bitcoin goes below 5700.
코멘트:
코멘트:
Ladies and gentleman, I am going to be real. I have just never seen a situation where an asset somehow doesn't break a certain level after visiting it this many times. It's a given to me. We are also creating lower lows and lower highs for the first time in a long time.
It may not play it out as drawn, but a 5700 break will happen. It's very easy to happen. How many more pump and dumps is it going to take for people to wake up and see what is going on? There's a limit to the amount of times retail gets burned, then they will eventually give up.
I have not been this confident in any of my posts. I think BTC will see new lows and it will finally trade in a channel that will give it the opportunity for sideways price action. Until then, be careful!
It may not play it out as drawn, but a 5700 break will happen. It's very easy to happen. How many more pump and dumps is it going to take for people to wake up and see what is going on? There's a limit to the amount of times retail gets burned, then they will eventually give up.
I have not been this confident in any of my posts. I think BTC will see new lows and it will finally trade in a channel that will give it the opportunity for sideways price action. Until then, be careful!
코멘트:
As for my updated chart, look at the levels of resistance we have to break for BTC to move up. Sure, you can play contrarian here, but why? We are below 50/100 SMA below multiple resistance / sell off levels. We are also creating a H&S pattern which would indicate around a 2-2.5k drop. The chart itself is very ugly.
코멘트:
Money is moving from alts to support BTC, soon enough USD will flow out of BTC, and that's where the drop will occur.
코멘트:
A close up, we can still get to 6900 and then reverse. This is where the 50 SMA is.
A close up, we can still get to 6900 and then reverse. This is where the 50 SMA is.
코멘트:
코멘트:
코멘트:
Weekend will be interesting. It is usually when people buy in. This will be interesting.
코멘트:
코멘트:
I think we could see a big drop in the next few days.
I think we could see a big drop in the next few days.
코멘트:
Too many indications of resistance. If 7,000 breaks, things will look better.
코멘트:
My bet is against a 7000 break though.
코멘트:
Hang on tight. Trading bots trying to make things look good by breaking the 50/100 SMAs... That is my opinion.
Hang on tight. Trading bots trying to make things look good by breaking the 50/100 SMAs... That is my opinion.
코멘트:
H&S pattern is not there anymore, but the 5700 drop will come soon enough.
코멘트:
Getting a bit confused here but still haven’t lost confidence. I thought BTC would get dumped very badly but it did not happen. Still in it with my prediction, might need more time.
코멘트:
코멘트:
Head and shoulders pattern reforming...:
코멘트:
I believe I held true to my word. Good luck all!