Bitcoin. Bulls might be strong, but 12750-13000 is stronger.
Updated
TO BATTLE!
A thousand nations of the Bagholder empire descend upon you. Their arrows will blot out the moon.
Bull: "But the bulls have shown us how strong they are. Since the 6th feb the 15 minutes RSI has not dropped below 30 (29 ok...) A SINGLE TIME! We broke the downtrend we're out of the correction going to the moon"
Warrior trader counterargument "See that well? THIS IS SPARTA!!!"
I've held this idea for 1-2 weeks. I shall wait no more!
We're finally going to approach my 13000 target.
The bulls showed how convinced they have been. But the 12750-13000 area is going to slap them.
Once we're here, it's time to close longs (congrats if you're in since 6000), and go short help that correction be quick.
It's not 100% sure we go all the way to 12750 but if we get there it's going to be very interesting to start shorting.
Posted my targets in the idea chart, but since we haven't reached a top yet, I'll have to make a new post when we get there for more precision.
If you're not convinced that area is strong:
Another reason for a drop at 13000 is that it's 0.5 retrace of the dump from 20k to 6k. We have to bounce there downwards. If we break 13k (approximately, and close above) directly without going down then we're going to 50k in the next 2 months.
Or a whale is pumping hard.
Another possibility for Elliot waves (EW don't really matter the result is the same anyway):
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
A thousand nations of the Bagholder empire descend upon you. Their arrows will blot out the moon.
Bull: "But the bulls have shown us how strong they are. Since the 6th feb the 15 minutes RSI has not dropped below 30 (29 ok...) A SINGLE TIME! We broke the downtrend we're out of the correction going to the moon"
Warrior trader counterargument "See that well? THIS IS SPARTA!!!"
I've held this idea for 1-2 weeks. I shall wait no more!
We're finally going to approach my 13000 target.
The bulls showed how convinced they have been. But the 12750-13000 area is going to slap them.
Once we're here, it's time to close longs (congrats if you're in since 6000), and go short help that correction be quick.
It's not 100% sure we go all the way to 12750 but if we get there it's going to be very interesting to start shorting.
Posted my targets in the idea chart, but since we haven't reached a top yet, I'll have to make a new post when we get there for more precision.
If you're not convinced that area is strong:
Another reason for a drop at 13000 is that it's 0.5 retrace of the dump from 20k to 6k. We have to bounce there downwards. If we break 13k (approximately, and close above) directly without going down then we're going to 50k in the next 2 months.
Or a whale is pumping hard.
Another possibility for Elliot waves (EW don't really matter the result is the same anyway):
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Note
Who knows...9800 11800 12800 something else? Actually 10800 too...
That is a lot of 800.
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