I think we see sub 6k soon, this is my ultimate target but sub 5.7k ish short term seems more realistic
Long vs short ratio analysis. I believe it can be used as confluence to my previous posts. Big drop coming.
Maybe, just maybe, we haven't seen enough blood. Longs vs. short ratio is quite low ATM, will study that tonight to give me historical feedback. I'd be happy as fuck if proven wrong.We're in a bear market and I'm more comfortable shorting then longing. Keeping a tight stop for now will re-enter later if stopped out. 7300 is a zone I'm eyeing. I love bitcoin, but...
possibility. Capitulation did not happen. Only a fractal terrible to bet on this alone but interesting to watch
1) g20 pump pre-weekly close is fresh in memory, could still happen again... 2) Close below 8k infirms the 'higher-low', which we are testing way too much past weeks. Divergences are meh (not superclean + weekly RSI support broke and next one shows that there is room for more downside... gyazo.com 3) That CNBC girl was cringy (DEATH CROSS), but not a reason...
close above 12k or below 8k = trend. 7.2k was engineered liquidity for retail traders. chopping people until big playas had enough...
chopping people. Dip to 7.2k was engineered liquidity by big players
I'm balls deep. stopping myself out if it breaks down (shouldn't).
Bitcoin is under a lot of FUD for some time now. Some journalists write article in popular journals / blog / social platforms to demonize it, but they do not understand it, nor did research about it. They simply report what they have been briefly told, what the popular opinion (sentiment shifted bearish past weeks) agrees with. Regulators are disrupted, they seek...
We've been there a couple times. Not my first retrace, not my last, prob not my worst. We already hit the bottom. Only thing that could really fuck this IMO up is a fraudulent tether drama / Mgtox v2. Stay safe hang on the rollecoaster BTC is going to the moon in a near future.
Bitcoin is under a lot of FUD, panic selling from noobs who did not study the tech and FOMO'ed in. The dip is strong, the sentiment is bearish. Remember, sentiment turns even faster then price. Big bankers and government use those dips to their advantage: they attack bitcoin, making it hard on uninformed brains. The tech is robust. It's here to stay! go back to...
Lot of FUD, noobs panic selling: my most bearish odd scenario would be a dip to 8-9k area before it starts mooning again. I believe by year end this short term noise will look foolish and people who sold will feel ashamed. Parabolic advance will probably hold since bitcoin sits on such robust tech. If the whole world knew how good the tech is / what it is capable...
Alot of FUD going on in the market, sentiment is perhaps even more volatile then price, noobs panic are tend to get shaken off. Trying to stay objective, this is a possibility among others. Let time tell us! Stay safe pals!