#BITCOIN IS ABOUT TO FINISH OR WILL MOON TO 20K ? #blockchain
Updated
Hi !!
Bitcoin has surprised everyone recovering from 3k to almost 12k this fast, what's scary is that a lot of people start talking about 20k in monh,week or days !! yes it is possible but it would be totally crazy seeing this, let me tell you why.
We have seen bitcoin going nuts in 2017 but there was FIRST few years of slow uptrend/accumulation and than TV, radio big boom created by the media and that just added fuel to fire.
What we see now is huge bear squeeze, a strong signal that bear market is over, i dont think that we are ready to hit 20k just yet.
i believe that before we hit 20k we will have to consolidate and wait a little, i dont think we will see 20k in 2019 but mid/end 2020.
Dont get me wrong, as you know from my last video's i was long on bitcoin and i had target to sell between 11-12k, we are finally here, my longs are sold, profits locked and now im opening small short positions.
I will be honest with you, it is very risky to try short the top (i should not do it) but i just have this feeling that this is the way to go based on my wave analysis, RSI and volume, i have locked good profit's and know im willing to risk small position and see how it goes. if it doesn't play the way i see, ill probably close above 12k with a loss, and wait for another opportunity, long or short.
Either way, Good Luck to all of you Bulls or Bear's
Stay safe !
Bitcoin has surprised everyone recovering from 3k to almost 12k this fast, what's scary is that a lot of people start talking about 20k in monh,week or days !! yes it is possible but it would be totally crazy seeing this, let me tell you why.
We have seen bitcoin going nuts in 2017 but there was FIRST few years of slow uptrend/accumulation and than TV, radio big boom created by the media and that just added fuel to fire.
What we see now is huge bear squeeze, a strong signal that bear market is over, i dont think that we are ready to hit 20k just yet.
i believe that before we hit 20k we will have to consolidate and wait a little, i dont think we will see 20k in 2019 but mid/end 2020.
Dont get me wrong, as you know from my last video's i was long on bitcoin and i had target to sell between 11-12k, we are finally here, my longs are sold, profits locked and now im opening small short positions.
I will be honest with you, it is very risky to try short the top (i should not do it) but i just have this feeling that this is the way to go based on my wave analysis, RSI and volume, i have locked good profit's and know im willing to risk small position and see how it goes. if it doesn't play the way i see, ill probably close above 12k with a loss, and wait for another opportunity, long or short.
Either way, Good Luck to all of you Bulls or Bear's
Stay safe !
Note
There you goNote
Weekly candle looks very bad, huge rejection with big volumeNote
Currently we are fighting 25ma on dailyWe could see bounce from the bottom of the channel.
Not channel from this chart but my last video, check it out.
Note
We have retraced to 38,2 level and bounced of MA very strong breaking downtrend. In my opinion this is a confirmation that bitcoin is done retracing and will go much higher, this could be also a bear trap but volume looks healthy so I jumped on board with 11,000 avg.
I have more buy orders sitting between 10,300 and 10,700
Note
it is funny to come back to old charts and see how many months it takes sometimes to see if it plays out
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