therealrunner

therealrunner Updated 

BTC my targets, we will hit the previous monthly order block, as this was the last previous bearish month since the massive bull run. I personally think we will reach this area as the previous one had been filled in since. As illustrated below. This also means that on the daily time frame we can see that this is the mean trend line for BTC, this also...

therealrunner

My most bullish idea i could think of, definitely not going anywhere in a hurry any time soon after a big correction like this. HIGHLY DOUBT this will happen

therealrunner

Think 6k BTC is still to nice to keep everyone's moral high and the bulls happy, could see a repeat of what has happened previously

therealrunner Updated 

Shorts at ATH, although this is relative to the volume, the ratio of shorts to longs are closing. Testing some new ideas with div on the 'Finex short chart and there is bearish div at the ATH so presuming this amount of shorts will go down which would mean a bounce in BTC? This falling wedge breakout will get BTC bulls in excitement again and people think...

therealrunner

bear div on this, this is just a test to see if this works, infering the amount of shorts will go down due to a bounce.

therealrunner

Following the correction from 2014 and following the same pattern every step of the way since. Market works in cycles, no matter how much you say BTC is different is isn't. These markets work on emotions, and going to 3k will destroy many peoples beliefs and make people really think Bitcoin is dead. This will also be a 80% correction likewise from 2014. You say...

therealrunner Updated 

Comparing this correction to the 2014 correction they will both have an 84% correction. This will also allow for a complete market cycle, this comes into play even more on cryptos as they are such a new market therefore human emotions comes into factor here a lot more often. This will also mean that alts correct 90% as well, potentially we may have an alt season...