Captain_Walker

GET READY: TO LOSE YOUR MONEY!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Oh yes - gamblers aplenty are punching the air. I have little doubt now that BTC will hit 20,000 (or more) soon. Even 21,000 is possible. This does not mean that it will get there. Price could make a significant correction right now before moving north again.

Almost every time the RSI has hit 90, there has been a sudden and significant correction.

To be clear, corrections do not mean that price will head to rock bottom.

I am not bearish on Bitcoin . As some will see from my other posts, I've said that it could reach $30,000 by 2024. I'm out of it, because I do not like the sort of volatility I see.
Comment: Potential killzone approaching (this is not advice).
Tip of the day: if you're shorting anything do it at the peak of something to minimise risk of being scalloped. [Different perspective on the virus https://youtu.be/NjTdvALChwk ]

Comments

If I was a market maker I would plunge down to 14k, ideally 12k, then have a smooth ride up to 20k +
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Volatility is a fundamental factor in breaking resistance/support and performing large moves. Check the BVOL, its actually very low right now.
Seems there is a lot of disbelief and this 'could' propel BTC to approx 25-30k. I would think there would be a large pull back to approx 14-15k afterwards though, maybe as far as 12k. Alternatively it could fall to 14-15k now before attempting 20k to gain additional momentum.
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for me maybe it will make cup and handle for the next next month.
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Look Iā€™m new so just have a look
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No agree whit this lineas not matching same back years
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Captain_Walker didogetsov
@didogetsov, Good.
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nadeemthepro didogetsov
@didogetsov simply reply, dont sell your btc and see thats gonna happen šŸ‘
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didogetsov nadeemthepro
@nadeemthepro, Iā€™m no gonna sell it count 367 days more
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nadeemthepro didogetsov
@didogetsov i told you sell, man its your choice. Anyway bitcoin is down 5%
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nadeemthepro didogetsov
@didogetsov for long term it will go up for now it is risky šŸ‘
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