Time to test the weak hands. NOTE: THIS IS NOT A TRADING OR INVESTMENT ADVICE.
a clear negatove correlation between the dollar index dxy and BTC. DXY dipped last year..a new bull run to 100 and above would lead to longer bear market for BTC and lower price levels to 3k..if this move is just a dead cat bounce for DXY then a new bull run for BTC is on the horizon !
eventually there will be some correction toward the mean (MA 200 or WMA 200) and it would be fib golden ration %38,2. DISCLAIMER: THIS IS NOT A TRADING ADVICE. DYOR
while everybody is waiting for 8k level to hit the moving averages and bounce I expect to stay sideways (9k-11k zone) till the moving averages catch up and flatten at 10k area before any move above 13k. disclaimer : this is not a trading advice.
looks like everyone stopped calling 15k and 16k and new ATH targets ! WHY 15-16k target now ? 1- This idea is pretty contrarian now while many waiting for that 8400 target ! 2- bull flag formation after a strong rally is an indicator for continuation. 3- altcoins carnage with many hitting daily 200 MA and below. 4- Because WHY NOT ! Unless market is looking...
LOL , People think btc will go up forever without at least coming back to touch the 50 MA on Daily !
SO FAR THE BOUNCE FROM THE BOTTOM LOOKS SIMILAR TO THE 800$ -3000K RUN IN EARLY 2017 ! WHAT IF WE ALREADY MOONING TO 100K ?
"Out beyond the ideas of right-doing and wrongdoing, there is a field I will meet you there” ~ Rumi
2012 June-August Fractal Applied.. “THIS IS NOT A TRADING ADVICE.. PLEASE TRADE AT YOUR OWN RISK"
Imminet crash once critical level of 0.024 is broken !
What Goes Up Must Come Down ! DICLAIMER : THIS IS JUST AND IDEA, IT IS NOT A TRADING ADVICE..TRADE AT YOUR OWN RISK !
DICLAIMER : THIS IS JUST AND IDEA, IT IS NOT A TRADING ADVICE..TRADE AT YOUR OWN RISK !
AFTER A MASSIVE RALLY AS IN PRE 2015 HALVING LTC APPRECIATED MORE THAN 7X SIGNALING A DEEP CORRECTION AS BTC ALSO NEARING A STRONG RESISTNCE AT 12K TESTING 200 DMA IS INVETIBALE AND NO !! THIS TIME IS NOT DIFFERENT ;)
YES I KNOW MANY WOULD SAY THIS TIME IS DIFFERENT WE ARE HEADNG TO THE MOON W/O CORRECTION.. I KNOW HISTORY DOES NOT REPEAT ITSELF BUT IT RHYMES.. AND WE SHOULD SEE SIMILAR CORRECTIONS AS IN THE PAST VERY SOON !
Another test and breakout of 9400$ level would lead straight to 10k target