BTC; Dec. 16th 2017 ATH, Dec. 16th 2018 BOBC, Dec. 16th 2019 ?
My ego detests being wrong but I'm feeling my recent understanding of the natural movement of BTC is most likely inaccurate. At the 14k top I was all about $6,180 and while I've hit homeruns during the consolidation I recently sensed the duration of time, BTC's maturity, and the fear factor would have us bottoming at $6,180+$618 instead. Before even coming back to the chart last week I knew the 27 was the likely suspect to coil us once again before ascension, and upon review, my intuition about the 27 surpressing us was confirmed. A pop to $8,200-$8,500 with a short retrace before fighing up into the red resistence is what I had anticipated by the end of this weekend and it didnt happen. I'm a firm believer in equilibrium and with December 16th hours away and the 27 still holding us down by the neck I must concede. So that I dont incur a loss I'm placing a stop loss at $6,770 and a rebuy at $6,222. Next year will be phenomenal! Happy Holidays!
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