Ok now is starting to look like bull flag on short-term time-frame, after failing
ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.
if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.
When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.
If we go back down to $15.5K, you can expect much lower than that though.
either way if it breaks up sell because the move is way over extended, or if it breaks down short cuz its going down.
[edited]
thanks this was helpful. but I personally will continuing to sell into this rally. I really don't think we will see a repeat of April 2019, the capitulation this time didn't push price That far under fair value. and for the record, i'm not shorting, just spot trading, so i cannot be liquidated.
Ok well that makes my point about shorting redundant then. If you're looking for a fair price to sell from the past 6+ months of trading at the lows then you certainly found it, can't argue with that. DCA would have got you an average price of around $19.5K, so hopefully you're selling a profit. And as the old saying goes, nobody ever went broke selling at a profit. I just hope you aren't banking on pricing falling lower after this, because right now it looks like a coin flip to me as well as others, until there is further confirmation to the upside or downside. Not sure what your "fair price" is, but right now realized price is sub $20K.
Personally I think Bitcoin is due a 10% correction to around $19K, which is bottom of the previous accumulation zone, that'd also be my short-term shorting target (as well as a target for longs). If price instead continued onto around $25K then I'd expect a deeper correction of around 20%, but therefore this'd be a higher price around $19.5K / 200 DMA. Likewise if for some crazy reason price went further parabolic to $30K, I'd expect a 30% correction to around $21K / current prices. The irony being that price continuing to the upside would deserve a deeper correction for sure, but these prices would still likely be higher.
You are quite smart. But "corrections" will only happen when *Bitcoin Master* deliberately stops posting on crypto/Bitcoin related things. So, people don't need to panic and begin to act foolishly. I want things to be fairly predictable to members who have been following my price prediction and trust that I will continue to be consistent and reliable as long as my CREATOR is with me, and I'm sure HE will never leave me. But such members will likely need very convincing proofs (especially considering we are in trustless environment)... proofs so convincing that no one anywhere in the world can find fault in. I actually want them to take enough time to observe the Predictions of Bitcoin Master and be sure he is telling the truth before they can
trust him. By the way, we will continue to witness the most precised and reliable Bitcoin price Prediction in the world from him.
One of the main reasons for all these is for the World, Bitcointalk forum and cryptocurrency space in general to know I have truely been given the Authority and Power to be a Moses and Elijah to them, and guide those who want to be guided away from the gripe of Pharaoh/satan to the Promiseland/Paradise. The journey has already begun & True Cryptocurrency will be used an alternative financial system. There are people who are trying to draw us back due especially to the fact they consume and believe things from the World. Don't forget that Pharoah/satan will always try to use them as traitors are used to take people back to Egypt/slavery. It's important to note that this one is a journey that encompasses all Nations/tribes/races... That is, both Jews and the Gentile. The CREATOR is so Merciful, Lovely and Kind. All Glory and Adoration be HIS HOLY NAME.
I need everyone to focus and understand what I'm doing. I notice it's easy to continue to convince people with Miracles. But remember the good works also. The proofs are numerous but we will provide more to ensure that no one is left behind. However, it's written that "many are called but few are chosen". Be sure to be part of the chosen and never miss this.
Apple laptops aren't even that great anymore.
