BTC - lower high?

[tradertweets]

And that is the problem btc and crypto could face,
and which would break the narrative of an ever growing btc.

At least, it would break the narrative for this cycle,
which would mean,
that btc won't see the 100k mark for the next 4 years (!)


Might be some can't belive this, as they are used to btc gaining new highs each cycle,-
but this time it could be otherwise.


Breaking this narrative, could even lead to far new lows,
AND btc not seeing 100k not just the next 4 years,
but even more than that...


The next 4-8 weeks are very important;

as a chart can become a self fulfilling prophecy -
to the upside, as well to the downside.

Mt Gox distribution & sales continue...

However, it can of course also go into the opposite direction:

We could see a falling wedge with an outbreak to the upside,
additionally to China unbanning bitcoin...

https://www.coinspeaker.com/china-lift-bitcoin-ban-debate/

 

[wxytrader]

And that is the problem btc and crypto could face,
and which would break the narrative of an ever growing btc.

At least, it would break the narrative for this cycle,
which would mean,
that btc won't see the 100k mark for the next 4 years (!)


Might be some can't belive this, as they are used to btc gaining new highs each cycle,-
but this time it could be otherwise.


Breaking this narrative, could even lead to far new lows,
AND btc not seeing 100k not just the next 4 years,
but even more than that...


The next 4-8 weeks are very important;

as a chart can become a self fulfilling prophecy -
to the upside, as well to the downside.


View attachment 344707

Mt Gox distribution & sales continue...

View attachment 344709



However, it can of course also go into the opposite direction:

We could see a falling wedge with an outbreak to the upside,
additionally to China unbanning bitcoin...

https://www.coinspeaker.com/china-lift-bitcoin-ban-debate/

Can we just sticky my Bitcoin thread so we don't keep rehashing Bitcoin price. I told you all this is likely going to low 50k's back in March.

This is what I'm expecting...hopefully we get a double correction. Definitely on a single correction at the moment.

View attachment 336918

I posted this scribble on Mar26 and it turned out to be a roadmap of price since then.


View attachment 342970

 

[tradertweets]

Can we just sticky my Bitcoin thread so we don't keep rehashing Bitcoin price. I told you all this is likely going to low 50k's back in March.

Yo thanks,
I didn't know you, and don't know about your thread
(and your forecast).

Thanks however,
but I think there's nothing wrong with my thread as well... ; )

Rgds

 

[orbit23]

i thought so too, but your last thread did not turn out too well

Bitcoin new lows in sight | Elite Trader

 

[orbit23]

Are you short or not?

 

[tradertweets]

i thought so too, but your last thread did not turn out too well

Bitcoin new lows in sight | Elite Trader

why not?
I was able to short (short term) & make profit, as well as go long few times.


But in general, I searched for a nice entry point at 57k, found it, made some profit,
but exited before July 13th.

Well yeah, that the failed Trump assassination would happen, and that btc would pump up from that on, is something I haven't foreseen.

Btc pumped up, lost stanima, went down... now up again (because of newest numbers of btc acquisitions by BlackRock?)


Atm, I am not trading btc derivatives, as I have no time for it
just hold some (low amount) btc for long term...


With the chart in this thread you can clearly see the lower highs.

So, if btc breaks through to the upside, it will have to break out of this falling wedge.


Personally, I bet 5:1 that it will break to the upside,-
as it should be, historically.


If it does not happen, that will also be historical.


However, you need to see:
A break to the upside can come in 2 months...
What can happen until then?

Going in with leverage is a dangerous hobby, in such a situation...

 

[shine]

Personally, I bet 5:1 that it will break to the upside,-
as it should be, historically.

To what level do you think it can break to the upside?

 

[tradertweets]

To what level do you think it can break to the upside?

100k

Nah, seriously.

If it breaks through up, then it should go there.

I mean, 60k+ is a very high level...

+100k would be the right level for this cycle, especially to keep the narrative.

And, there haven't ever been so many macro economic reasons for it:

Huge ETF volume, regulations coming closer,
acceptance by wast parts of society, as well as politicians...

You could ask if not 24/25, when then...


But that's all speculation.

 

[tradertweets]

Instead of speculating on BTC, and using (dangerous) margin,

it might be better to invest into altcoins...

 

[maxinger]

BTC - lower high?
--->
BTC - sideway



The next 4-8 weeks are very unimportant;
as a chart can become a self-fulfilling prophecy -
to the sideway movement