Just a trivial personal thinking. Do not that it seriously. Just smile. :)))
We don't need to say the word "never" for anything.
- 6K will not be never broke, because it's miner & exchanges marginal area.
- 4K will not be never broke, because it's the super strong support line of falling wedge,
- 3K will not be never broke, because it's a historical retracement area(0.886)
- 2K....
- 1K...
...
Yeah. Absoluteltly, BTC would be taking a healthy retracement now(0.382 from the local bottom).
And BTC can bounce up to 19K or even higher soon(making a new ATH)
-For that reason I still hold 50% of my Alts.
But, I don't think the market maker would like to make us rich at all.
They are greedy just like us.
All this 0.618 bounce up from the BTC's Peak looks like a huge dead cat bounce to me.
My optimistic number is 300K, but I think it would time to let us bleed enough.
Some of us in TV might say good bye by their rekt account.
Before that horrible time, BTC would not take the road to the moon.
Anyway, I'm not a future trader nor day trader.
I think I'm a timid trand trader.
Do your own guess or analysis for your direction and get some money.
Cheers.
We don't need to say the word "never" for anything.
- 6K will not be never broke, because it's miner & exchanges marginal area.
- 4K will not be never broke, because it's the super strong support line of falling wedge,
- 3K will not be never broke, because it's a historical retracement area(0.886)
- 2K....
- 1K...
...
Yeah. Absoluteltly, BTC would be taking a healthy retracement now(0.382 from the local bottom).
And BTC can bounce up to 19K or even higher soon(making a new ATH)
-For that reason I still hold 50% of my Alts.
But, I don't think the market maker would like to make us rich at all.
They are greedy just like us.
All this 0.618 bounce up from the BTC's Peak looks like a huge dead cat bounce to me.
My optimistic number is 300K, but I think it would time to let us bleed enough.
Some of us in TV might say good bye by their rekt account.
Before that horrible time, BTC would not take the road to the moon.
Anyway, I'm not a future trader nor day trader.
I think I'm a timid trand trader.
Do your own guess or analysis for your direction and get some money.
Cheers.
Note
Many guys might be looking at this lines.
Let's keep watching where does it go.
Note
Only 0.382 retracement? What a KECHI~!
NVT is still red. Stoch RSI/RSI are also at the upper area.
BTC is standing at some of meaningful junctions now.
Let's see where it goes for.
Do not ALL IN. Take your own risk & get some money.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.