Dear gamblers,
This is my view for BTC in middle term, kind of extreme i know, but I believe we are due for huge correction that will lead us to 2k levels. If you look the picture you will see that, if my idea is right, we should be still in a bear extended scenario B.
Please share your thoughts, I know that almost nobody will agree this idea but fundamentally and technically makes no sense to go to higher prices levels just now. Miners have still to capitulate to adjust to new difficulty and less bounties, the whole world is undergoing to what I believe will be a HUGE crysis/depression (the stock valuations aren't right everybody knows that, traders are just playing the ball but deep inside nobody believes in bull market now and BTC will be no different, IMO) + 0 mass adoption at the time of writing, and the most important, I usually countertrade people's opinion that thinks halvening will play out as in the past, there's no evidence and no reason for BTC to go to 1MM after halving, I repeat, NO REASON.
Strategy:
Personally I shorted around 9k levels, and I am going to keep it and adding up until this idea proves invalid or the price reaches target zone. My first target is 3-4k levels, where in case we reach there, i would take some profit and wait if it dumps more.
For this strategy to be invalidated BTC should close above 10.600 which i think is the turning point from bearish to bullish scenario --> STOP 10.600
Always remember that BTC's valuations have never been found and they could be as high as 1MM USD or as low as 1USD, whoever that claims to know the price of this asset is no trader for me. This is just a game of probabilities so play it well.
Have a nice one for me people and happy gambling,
Kind regards,
BeniGo.
**I'm not your financial advisor neither I intend to be, please do your own research before risking your money***
This is my view for BTC in middle term, kind of extreme i know, but I believe we are due for huge correction that will lead us to 2k levels. If you look the picture you will see that, if my idea is right, we should be still in a bear extended scenario B.
Please share your thoughts, I know that almost nobody will agree this idea but fundamentally and technically makes no sense to go to higher prices levels just now. Miners have still to capitulate to adjust to new difficulty and less bounties, the whole world is undergoing to what I believe will be a HUGE crysis/depression (the stock valuations aren't right everybody knows that, traders are just playing the ball but deep inside nobody believes in bull market now and BTC will be no different, IMO) + 0 mass adoption at the time of writing, and the most important, I usually countertrade people's opinion that thinks halvening will play out as in the past, there's no evidence and no reason for BTC to go to 1MM after halving, I repeat, NO REASON.
Strategy:
Personally I shorted around 9k levels, and I am going to keep it and adding up until this idea proves invalid or the price reaches target zone. My first target is 3-4k levels, where in case we reach there, i would take some profit and wait if it dumps more.
For this strategy to be invalidated BTC should close above 10.600 which i think is the turning point from bearish to bullish scenario --> STOP 10.600
Always remember that BTC's valuations have never been found and they could be as high as 1MM USD or as low as 1USD, whoever that claims to know the price of this asset is no trader for me. This is just a game of probabilities so play it well.
Have a nice one for me people and happy gambling,
Kind regards,
BeniGo.
**I'm not your financial advisor neither I intend to be, please do your own research before risking your money***
Order cancelled:
Watch carefully when an accumulation like this appears the movement afterwards is devastating (to the upside or downside). I closed this trade and waiting for price action.
Good luck,
Good luck,