BitcoinLong
2018 RANGE RETEST IN PLAY
I've been sharing short ideas for months and insisting that we are clearly in a bear market, this will take months before any reversal, and imo we are still far from that reversal.
Looking at weekly chart, seems obvious everyone is pointing to 2017 ATH, I've been reading the "bitcoin has never retest previous ATH" for weeks now, many waiting for a perfect retest to buy, and I highly doubt we will have that perfect retest, or price frontruns everyone with out retesting previous ath (very low chances looking at the global market), or we have a bounce at the ATH, make the ilussion of a bottom, and take down the market to previous range highs with all those that longed the ATH.
Look at the chart, real range high of 2017 is around 12k area, where that first move to 20k looks like a deviation, with many weekly candles proving the 12k area to be the real range high.
That's for me the key area where I will be looking to buy for a bounce, with all the 20k buyers capitulating.
Good luck and stay safe.
Looking at weekly chart, seems obvious everyone is pointing to 2017 ATH, I've been reading the "bitcoin has never retest previous ATH" for weeks now, many waiting for a perfect retest to buy, and I highly doubt we will have that perfect retest, or price frontruns everyone with out retesting previous ath (very low chances looking at the global market), or we have a bounce at the ATH, make the ilussion of a bottom, and take down the market to previous range highs with all those that longed the ATH.
Look at the chart, real range high of 2017 is around 12k area, where that first move to 20k looks like a deviation, with many weekly candles proving the 12k area to be the real range high.
That's for me the key area where I will be looking to buy for a bounce, with all the 20k buyers capitulating.
Good luck and stay safe.
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