Topic: Don't Fomo , 3800$ incoming ? - page 6. (Read 14040 times)
We very well may be in for a dip. Remember we were recently at $3k so for those buyers any sniff of a downturn and you might have some large profit taking. I'm not all in on us being out of the bear. Let's see
I know most of you guys hate it when someone points out a bearish set-up , we all want lambos but facts must be stated.
last month i started this topic > https://bitcointalksearch.org/topic/m.50358025
i mentioned that if we were to close above 20SMA on the weekly, we will head to the 50SMA which was at about 5600$ , that was when btc price was struggling to break 4000$, surprisingly , it did exactly that, despite the low probability.
This suggests that we can very likely continue with the same structure, let's look at the chart.
looking back at july 2015 , we can see that right after testing the 50SMA we head straight back to the 200SMA , which now sits at around 3600$ , but with a bit of room till the price gets there, it should be at around 3700$-3800$ , also notice that we can have a wick like we did back then, that wick can go to as low as 3300$.
this , plus being at probably the strongest resistance area that we had since day 1 in bitcoin , breaking that from the first trial is not very possible, a good run of correction to the down side is very high likely going to happen.
so don't fomo, don't panic, if the 2015 chart is to repeat itself, in about a month from now, we should mark the our bull-market-starting-point.
*This set up gets invalidated if we close above 6k
*a correction is very likely, but no guarantee we going that low , so buying at possible support areas is the best practice.
This is not a financial advice
let's see what you guys got to say about this, hopping to see some counter-TA and not some crystal ball or my girlfriend thinks so b.s
.
also, moon guys, don't hate , i am trying just trying to warn you about a very possible scenario.
Good luck
last month i started this topic > https://bitcointalksearch.org/topic/m.50358025
i mentioned that if we were to close above 20SMA on the weekly, we will head to the 50SMA which was at about 5600$ , that was when btc price was struggling to break 4000$, surprisingly , it did exactly that, despite the low probability.
This suggests that we can very likely continue with the same structure, let's look at the chart.
looking back at july 2015 , we can see that right after testing the 50SMA we head straight back to the 200SMA , which now sits at around 3600$ , but with a bit of room till the price gets there, it should be at around 3700$-3800$ , also notice that we can have a wick like we did back then, that wick can go to as low as 3300$.
this , plus being at probably the strongest resistance area that we had since day 1 in bitcoin , breaking that from the first trial is not very possible, a good run of correction to the down side is very high likely going to happen.
so don't fomo, don't panic, if the 2015 chart is to repeat itself, in about a month from now, we should mark the our bull-market-starting-point.
*This set up gets invalidated if we close above 6k
*a correction is very likely, but no guarantee we going that low , so buying at possible support areas is the best practice.
This is not a financial advice
let's see what you guys got to say about this, hopping to see some counter-TA and not some crystal ball or my girlfriend thinks so b.s
.also, moon guys, don't hate , i am trying just trying to warn you about a very possible scenario.
Good luck
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