Re distribution Next event!Welcome to thunderboy21 technical analysis,
Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action.
i shorted the top via this fractal for a 20% move down ( Did not expect that fast )
i think this is just going to play out, first on the rise up to 49k ish everyone gets ultra bullish and fomo longs, only to sell into the bigger sell orders that are waiting at these levels.
in the next post i will post the picture of this .618 - .66 fib with all the confluence i found! Make sure you check it out!
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Unbelievable
20k Before August? 75k Before 2020? So looks like 20k is within sight before the end of next month. 75k before the end of this year. Bitcoin was supposed to bounce around in that channel between the red top trendline and the green bottom trendline for a year and a half. We didn't double bottom we didn't double golden cross we skipped all that and we aren't going to slowly break our 10k 11.5, 13.5, etc resistances slowly over the course of a year. We're going straight back to 20k. IF in fact this same pattern is valid. And I just copied and moved the pattern from 2015/16 market to where we are now. See for yourself.
I was waiting to buy after a correction. But we did not double bottom, and a correction doesn't appear to be possible.
If they can print tether 100% pump bitcoin 200%, why not keep going? Who is gonna stop them?
AON - MAY BE NOW? Aon is a professional services firm providing a range of risk, retirement, health solutions insurance and reinsurance brokerage.
Ok, I think the time has come. The price has exceeded 200MA and it's definitely good! I have long been waiting for the opportunity to buy this paper.
It is necessary to take into account the $ 145 level and the upper boundary of the downtrend (pennant, if you want), which are very strong resistance levels.
In general, the paper looks very decent. Just look at this:
P/E 49.26
Forward P/E 15.72
Open 142.19
SL 140.42
TP 149.27
Good luck!