danrg6

danrg6

It's pretty self-explanatory. You see the line that begins from the peak of 2013, and then crosses the peak of 2017, and then acts as support in 2021 - many times. And looky what we have here, another bounce right off the damn line. Compare the line with my previous post if you think I have changed the line. You don't see this line posted anywhere - I've never...

danrg6

The ultimate line of support, dating back to 2013 is still holding like a trooper. If this doesn’t convince you that TA is real, then nothing will.

danrg6

Haven't seen anyone post the big big picture, so thought I'd upload this. In my eyes we are still bullish

danrg6

This seems about right to me

danrg6

Bitcoin is still overdue a correction. In my experience you can sometimes guess a final target correctly by using the fib tool. Notice how the mini supports correspond to the different fib levels. This assumes a target of 38682-ish. Let's see.

danrg6

If we break the red line I expect extreme levels of FOMO, pushing it potentially to 30k+ But I won't be buying. This was not a proper pullback. For 8 months we've had basically no pull-back and now it wants to play games by having a 2 day correction of 16%? As I said, I won't be buying. Not until I see a 25-30% correction. Good luck

danrg6

As per usual BTC has gone up way too fast, and thus needs a correction. We are now hovering just below ATH. My guess is we fall down from here to around $13k, with a resumption back towards $20k and beyond.