MichielVan_Kets

MichielVan_Kets Updated 

obviously the long term trend is bullish, but ... looking back at 2015; there was a drop below the long term trend line, at that time there were also less exchanges and less people involved etc, so not to say that it will happen again, probably not ... so, $2k? I doubt it ... never say never, but it seems very unlikely at this point while $4.2 ($4.5) as a target...

MichielVan_Kets

it's happening RIGHT NOW !! we just broke down the latest 2 channels; will it fall back into the previous upwards channel, meaning; still going up, just a bit slower ... OR ... is the beginning of the biggest drop ever seen in bitcoins history? we'll know soon enough ...

MichielVan_Kets Updated 

from high to low and from high to high

MichielVan_Kets

ok, let's do just that then; have a good look at that first circle; big drop, well below the trend line, so now tell me ... where's that drop in the current market? we didn't see that drop below the trendline yet, so if it's going to be similar to 2015 ... we're supposed to get 1 big drop well below the trend line first just saying ... if we're going to compare...

MichielVan_Kets

no matter how high we go now, sooner or later we'll have a correction and if the $5k level doesn't hold, we might still drop to the $2k levels ... not saying that is must happen for sure, no ... plenty of possibilities for it to actually bounce above the previous low and move up again, but it's all about counting the signals, isn't it !? I'm still seeing plenty...

MichielVan_Kets Updated 

why not, right? are you selling? of course not ... not yet! but wait for it to hit $8.5k and it won't take 2 confirmation or it's half way down again in a matter of hours ... promised ;-)

MichielVan_Kets

the bottom has passed, but the best 'buy the fucking dip' opportunity is still ahead of us now ... of course it will crash straight through the $6k levels, probably dip below $5k, possibly even $4k, but that's not very likely, so ... $4.5 - $4.2 ... that's my next target anything below $5k, which we will get soon enough, is the bargain of a lifetime, because if...

MichielVan_Kets Updated 

we know that the pump from $4k to $5k was just that; a coordinated pump ... my guess is that it's the same people (<- whales) who tried to maintain that fake $6k bottom ... and that failed, so ... I don't think it will work now either; the next correction will not bounce off $6k to go straight to $8k - $10k ... if everybody start shorting like crazy, that...

MichielVan_Kets Updated 

if that was somebody with a lot of fiat but no bitcoins, they will dump, but ... if it's a group of whales working together to pump their 1 million bitcoins; they're not going to dump but are they just going to hope that their first 100 million was enough to start the bull run or do they know that it will need something extra to break the $7k level ... you know,...

MichielVan_Kets Updated 

1) fake $6k bottom 2) thus failed pump 3) thus harsh punishment 4) finally successful pump 5) ?!? what will they do next ?!? that latest pump was not just some new player coming in with fresh fiat, that was from the same whales that have been trying to manipulate the markets for years and finally got 1 move right ;-) how I see it, 2 possibilities; 1) the same...

MichielVan_Kets Updated 

that's a very strong channel there; 99.98 RSI and $7.8k ... it's possible ... the drop afterwards is going to be absolutely massive, but right now ... we're still burning those fomo fuels and hard all the sunday shoppers are entering the markets now, poor suckers

MichielVan_Kets

according this fibonacci guy ... if we manage to get another $120 more and hit $7.350, we might go all the way to $8500, if not ... drop to $6.5k .. and then we'll draw some more lines ;-)

MichielVan_Kets Updated 

ask me again in a few hours ;-)

MichielVan_Kets

despite the similarities, there are plenty of obvious differences between the first and 'current' bear market those people who think that we're already going for the next bull run are confusing those red lines they look similar, but they're completely different; the first red line is organic, which is why it held and after 3-4 tests we went for a bull run but...

MichielVan_Kets

just a wildy bearish draft to point out that such a scenario doesn't look too impossible ... consider it

MichielVan_Kets

world reserve currency ... that's a big deal ... this is going to take some time ... a lot of time breath in, breath out ... we're not going to the moon just yet

MichielVan_Kets Updated 

1) first bull run: 104 weeks 3) previous bull run: 120 weeks a little bit more, but not that much then ... 2) first bear market: about 90 weeks ... 4) current bear market ??? we don't know if it already ended or not ... that's the big question, isn't it, so ... so, let's assume that this bear market will last more or less the same time as the first one,...

MichielVan_Kets

first bull run; about 105 weeks vs last bull run 148 weeks, about 41% more first bear market; 60 weeks vs last bear market 55 weeks ... that's less ?!? maybe that's how it going to be, maybe next bear market will be even shorter, but ... I have my doubts; I don't think this bear market is over yet ... we have a few more months to go ... besides that I don't...