DEATH DAGGER! R.I.P, Death of BITCOIN?
I think this chart pattern that I am seeing lately should be called the Death Dagger :)
First of all, NO-I do not think BTC is going to die! Although, it may be going down for an 8 count!
So far my trend analysis has been very much inline with how BTC has been behaving, this is very exciting for me! There is no magic here, just using my data analysis background to identify trends, support, levels, and making my best guess as to what is going to happen. And now many big names are showing similar ideas that I posted a week ago :)
My previous thoughts are still valid going back in time 7 plus days! As you know, in crypto that is an eternity. I urge you to go check out my previous ideas, they are more serious than this one.
Key levels to watch is this new support at ~6500-6600, I do believe this is a very important level as I've mentioned before. We've essentially been trading in this tight window all day, and I believe that once we have a a significant close out below 6500, we will likely go to 5800-6000! There I suspect we will rinse and repeat what we saw at $6800. I've had this idea since last week, and as a result resisted temptation to FOMO in during the bounce.
If this interests you take look at my ideas and feel free to leave a comment/like/follow. This idea is similar to my previous, but mostly for fun! I'd love to chat about your ideas and learn from you.
First of all, NO-I do not think BTC is going to die! Although, it may be going down for an 8 count!
So far my trend analysis has been very much inline with how BTC has been behaving, this is very exciting for me! There is no magic here, just using my data analysis background to identify trends, support, levels, and making my best guess as to what is going to happen. And now many big names are showing similar ideas that I posted a week ago :)
My previous thoughts are still valid going back in time 7 plus days! As you know, in crypto that is an eternity. I urge you to go check out my previous ideas, they are more serious than this one.
Key levels to watch is this new support at ~6500-6600, I do believe this is a very important level as I've mentioned before. We've essentially been trading in this tight window all day, and I believe that once we have a a significant close out below 6500, we will likely go to 5800-6000! There I suspect we will rinse and repeat what we saw at $6800. I've had this idea since last week, and as a result resisted temptation to FOMO in during the bounce.
If this interests you take look at my ideas and feel free to leave a comment/like/follow. This idea is similar to my previous, but mostly for fun! I'd love to chat about your ideas and learn from you.
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