Below I am showing 2 boxes and 2 boxes only. If we somehow surpass both of them, I do feel like Bitcoin
would have a LOT farther to go down. Sub $8k to $7k levels possible. However, I do not see that happening
for quite a few reasons. For one thing, we are massively oversold in just about every important time frame.
I suspect the reason for this drop was to shake the weak hands. I don't think this was about price much more
than it was a final shakeout.
For almost 2 weeks now I have been calling huge price points, $14k, $20k, $22k. I still think we will see these.
Why?
Same reason we just dropped from $9,300 in one day to almost a thousand dollars lower.
I am pretty positive you've probably heard of Bart Simpson. Guess what? He just showed up,
and like usual, brought us down HARD. People, I believe this is very likely your last chance
to ever see BTC at this price region again. This drop happened to let the ones who do their
research know that they have one last chance to accumulate for cheap. When Bart revvs up
his engine and gets going, even the jets you see can't catch him.
"Consensus will run from May 14th to the 17th in New York City. The price of Bitcoin has traditionally rallied during the event."
"Fundstrat’s Tom Lee believes that an annual cryptocurrency conference being held next week could see the price of Bitcoin test its all-time highs again."
www.newsbtc.com/2018...n-to-all-time-highs/
trends.google.c.../trends/explore?date=today...
It's quiet. Too quiet.
Imagine a sound wave(Bitcoin) And a sound analyzer (the market)
When are you most likely to see a huge sporadic move?
When the sound (Bitcoin) is loud and noisy? (Aka moving up and down dramatically)
Or when it's peaceful and quiet, and Bitcoin just dumped. Hard?
DYOR - Do your own research people. BIG money has been accumulating for 2 weeks.
Hidden Bullish Divergence is everywhere.
We have a HUGE meeting coming up.
We just had a HUGE dump.
We are sitting on the brink of price disaster.
Wall Street is telling you not to buy Bitcoin at this price. (lol)
We have held incredibly strong support for over 1.5 weeks.
It's quiet in the market. Everything is tanking for good reason.
Bart Simpson just made his third leg down.
What does all this mean? Again as posted yesterday, short term we are
VERY bearish. More so than even I'd thought originally.
The harder we fall.......................
Let's put it this way. There are only 2 buy zones on my chart.
There's a reason for that. I don't think we will go much farther.
The boxes are being held on VERY long term trends.
PM me for my Twitch link as I will be going live today for a short period.
PM me for my telegram channel which is free.
PS
There is only one idea linked below. There's a reason why. ;)
would have a LOT farther to go down. Sub $8k to $7k levels possible. However, I do not see that happening
for quite a few reasons. For one thing, we are massively oversold in just about every important time frame.
I suspect the reason for this drop was to shake the weak hands. I don't think this was about price much more
than it was a final shakeout.
For almost 2 weeks now I have been calling huge price points, $14k, $20k, $22k. I still think we will see these.
Why?
Same reason we just dropped from $9,300 in one day to almost a thousand dollars lower.
I am pretty positive you've probably heard of Bart Simpson. Guess what? He just showed up,
and like usual, brought us down HARD. People, I believe this is very likely your last chance
to ever see BTC at this price region again. This drop happened to let the ones who do their
research know that they have one last chance to accumulate for cheap. When Bart revvs up
his engine and gets going, even the jets you see can't catch him.
"Consensus will run from May 14th to the 17th in New York City. The price of Bitcoin has traditionally rallied during the event."
"Fundstrat’s Tom Lee believes that an annual cryptocurrency conference being held next week could see the price of Bitcoin test its all-time highs again."
www.newsbtc.com/2018...n-to-all-time-highs/
trends.google.c.../trends/explore?date=today...
It's quiet. Too quiet.
Imagine a sound wave(Bitcoin) And a sound analyzer (the market)
When are you most likely to see a huge sporadic move?
When the sound (Bitcoin) is loud and noisy? (Aka moving up and down dramatically)
Or when it's peaceful and quiet, and Bitcoin just dumped. Hard?
DYOR - Do your own research people. BIG money has been accumulating for 2 weeks.
Hidden Bullish Divergence is everywhere.
We have a HUGE meeting coming up.
We just had a HUGE dump.
We are sitting on the brink of price disaster.
Wall Street is telling you not to buy Bitcoin at this price. (lol)
We have held incredibly strong support for over 1.5 weeks.
It's quiet in the market. Everything is tanking for good reason.
Bart Simpson just made his third leg down.
What does all this mean? Again as posted yesterday, short term we are
VERY bearish. More so than even I'd thought originally.
The harder we fall.......................
Let's put it this way. There are only 2 buy zones on my chart.
There's a reason for that. I don't think we will go much farther.
The boxes are being held on VERY long term trends.
PM me for my Twitch link as I will be going live today for a short period.
PM me for my telegram channel which is free.
PS
There is only one idea linked below. There's a reason why. ;)
Comment:
Found this gem in the idea stream which correlates almost exactly to how I feel about the situation:
Comment:
Overnight price action showed the bulls are still very much so present. We rallied temporarily but failed. Normally this would mean we are going to fall farther, but the bulls were able to catch the price again right at the prior liftoff zone.
Reversal is imminent people, be ready. These wicks are telling you a story.
Reversal is imminent people, be ready. These wicks are telling you a story.
Comment:
:D
