BitcoinUpdated $4000 or $400, the great decision is coming.
It's unlikely Bitcoin will spend very long up here near the ATH 2.59% . The 235 day cycle is coming and is in range currently on the 16th, so if bitcoin will get a reversal it will be here.
However, if we see extended consolidation up here in this range below but near the ATH 2.59% , it shows weakness in sellers. Similar to December 2012, September 2013 and March\April\May 2016. It could spend many weeks there if it is a bullish resolution before breaking out.
Time will tell what the resolution is, but this will be a big one boys.
Continuing my usual trend of generating ideas where it can go either up, or down, so I can always look back in hindsight and say I was right :). Cheers all
However, if we see extended consolidation up here in this range below but near the ATH 2.59% , it shows weakness in sellers. Similar to December 2012, September 2013 and March\April\May 2016. It could spend many weeks there if it is a bullish resolution before breaking out.
Time will tell what the resolution is, but this will be a big one boys.
Continuing my usual trend of generating ideas where it can go either up, or down, so I can always look back in hindsight and say I was right :). Cheers all
Note
Wow. $2600 out of $4000. Surreal.Really extended right now, we'll see where this blows off at.
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Current chart.
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Weeee, pullback a few hours after I update this. Only a 18% pullback in the scheme of things, this market is incredible. The volatility is amazing.
Wanna buy the dip? Trend is your friend until Margin call.
Current price 2350
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#
4KC'mon bulls, let's hit the target so I can sell.
s3.amazonaws.com/tradingview/snapshots/6/6t4dkkyl.png
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Big consolidation here... will it resolve?Trade closed: target reached
Close e-nuff. What a riot.Note
This leg is the top. Note
We aren't far now.Note
Continuing my usual trend of generating ideas where it can go either up, or down, so I can always look back in hindsight and say I was right :). I was right. There. Ego. Go.
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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.