Get started
elliott77

Is BTC heading down to 44.5k by the end of the month?

Bitcoin (COINBASE:BTCUSD)  
elliott77 Updated   
COINBASE:BTCUSD   Bitcoin
Supply and Demand Trend Lines
0
2
supplyanddemand trendline
This looks to be a descending channel to me but we shall see if it breaks out in which case this idea would be invalidated. After loosing some money, I looked at the other frogs in the pot and they said the water sure is warm. That's when I started to consider that I was being cooked alive and jumped out :) The powers that be are doing a nice job at dropping the price down for a discount. Being patient isn't easy but there should be very nice returns once BTC decides to go up long term IMO. Good luck
Comment:
They usually drop it down (making it clear) over the next hour so...let's see. Then if we get lucky and they are being predictable a large drop around 8-9EST tomorrow. Surely not right?
Comment:
hmm... fascinating. Will BTC reverse from here or will it keep falling down? Let's see
Trade closed manually:
it looks like the support may hold after all ...idea invalidated. I don't think BTC will just got up however. I think there will be some more sideways and up and down (maybe even a little more down) before a break up. Good luck to you all.
Comment:
well BTC could be driving up pretty hard soon...we shall see. 65k the target?
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.