USDCAD short After a massive rally to the top we saw a rejection and a triangle formation that was eventually broken and now it's support is tested.
If the price is rejected we can easily enter in a short position with great targets.
I personally think that the price will be rejected and it will go lower to my targets.
- CryptonikLion
Down
a new era IS COMING5300$ is the first price that BTC should struggle with and this struggle is going on for 2-3 days...
if the price got passed and stayed mid 5300-6090 it may show a little hope for next prices...but i think price will fall to 4200 and if the price goes under 4200 next stop is 3600...
this will force miners to shut the machines off and it will force the price to go down, down . and down again due to transaction fees and delays..
Not much defending Bitcoin's price beside hopeful bullsFor a bounce out of this hole BTC finds itself in, it will need to rest on a stronger support. A further dip before it rises back to previous high levels is the reasonable expectation. But crypto isn't reasonable. Don't count on it.
Not financial advice. Lose money by your own ideas, not mine.
THE BILLS ARRIVES, THE BULLS OUT OF SCENEI WAS LOOKIG FOR BEYOND TECHNICAL ANALYSIS IN THE CHARTS AND LISTENING AC/CD, THE BEST TESTAMENT FOR THE S&P500 IN THIS WEEK
''Don't need reason, don't need rhyme
Ain't nothing I would rather do
Going down, party time
My friends are gonna be there too
I'm on the highway to hell''
BON SCOTT - AC/DC
Will go all in Bitcoin at $1500Ok, guys, its time where the crowd gets recked and all the moon boys will finally get their account wiped out. This is the time when manipulation will be at its' best and many gurus will become newbies. This is a fun time, this is a great time as cheaper BTC will gift us huge price potential in the coming years. Be patient and you will be rewarded. I am looking to buy at $1500 for the $40k target.