YoungLivermore

YoungLivermore

Check the "BITCOIN ABOUT TO ROLL OVER" -post I did yesterday, it doesn't get much more accurate than that. $6400 target hit only 8 hours later. This bounce from $6400 is massive dollarwise, but I'm concerned about the lack of buy volume when you zoom in to smaller timeframes. I expect us to run stops at $7500 - $7600 range, and dump down to $5500 area. If we...

YoungLivermore

$6400 soon..

YoungLivermore

2015 chart for reference. Things will probably play out just as they did in 2015. Blow off top to $7000-$8000 and a massive correction. If we hold the $6000 support, we are in a confirmed bull market. My previous thesis about too many retail investors being short and Bitcoin inevitably pushing above $6500 was correct. Check the chart below: "BITCOIN LONG &...

YoungLivermore

Rough estimate of what I see happening in the next 12 months: - 1st test of the $6000 area rejected - the last bear trap to $3000-$4000 region - 2nd test of $6000 successful - price trading between $8000-$10 000 in May 2020 (the next halving).

YoungLivermore

Pretty self-explanatory. Truly hard to see this playing out any other way. If I had to give the second most likely scenario, it would be that the high is in ($5840), and the sell-off starts in the next couple of days. Daily bearish divergence forming on Bitcoin has been no joke during this bear market. But, what I don't see happening is Bitcoin hitting $6000...

YoungLivermore

Pretty self-explanatory. Truly surprised if this plays out any other way. Thoughts?