So now that we're back up in 8200's after a dip to the 7800's, how far do you think this rally could last?
Remember there was a similar dip to 8ks and a return to 9ks before dipping down to the current 8.2ks. Can that happen again? What do you guys think?
Share that TA with us. Let us also make a judgement on whether it is lazy or accurate.
tbh, $5k - $6k is way too low given the rebound tendency this year. I think by the time we close, we could be touching $9k or late $8ks.
I have my own TA for this too, but in my case, it is me who is lazy enough to not post it here
Remember there was a similar dip to 8ks and a return to 9ks before dipping down to the current 8.2ks. Can that happen again? What do you guys think?
I still take an intermediate low of $5k-$6k around the end of Q4 into account, based on a giant bearflag, by my own lousy TA.
Otherwise i'm bullish for Q4 and 2020 in general, but if BTC is more than good at one thing, then it's to surprise.
My plan is to hodl on, save fiat, buy corn in Q1/2020 or even wait until the halving and invest in some shitcoin that is carried upwards by bitcoin, to compensate for missing out the $7-$8k range for rebuy (cause lack of fiat).
EDIT: It's all mindgames, but i won't be selling, that's for sure.
Otherwise i'm bullish for Q4 and 2020 in general, but if BTC is more than good at one thing, then it's to surprise.
My plan is to hodl on, save fiat, buy corn in Q1/2020 or even wait until the halving and invest in some shitcoin that is carried upwards by bitcoin, to compensate for missing out the $7-$8k range for rebuy (cause lack of fiat).
EDIT: It's all mindgames, but i won't be selling, that's for sure.
Share that TA with us. Let us also make a judgement on whether it is lazy or accurate.
tbh, $5k - $6k is way too low given the rebound tendency this year. I think by the time we close, we could be touching $9k or late $8ks.
I have my own TA for this too, but in my case, it is me who is lazy enough to not post it here
Here we go. I posted this a few days ago, and i'd consider this lazy-inaccurate-not-even-serious-TA.
It just draws a triangle, not even respecting MA lines (10,50,200). It would take a lot of marketcap loss to bring that MA200 down, otherwise most uf us would be rekt
But still, RSI leaves room for going down a little more, too.It's Bitcoin, so surprises are included by default.
DISCLAIMER: Don't think my "TA" (painting) could be right, just if you dream about buying BTC at past price levels. I'd strongly suggest to go with the analysis of a(ny) Legendary instead.
Yeah.. something seems off about your analysis, and that much bearish likelihood (down to something approaching $5k), even if we all know that anything is possible...just is such DOWNish our likely direction, when we have already had a drug out correction of 45% in what many of had previously considered to have transitioned into a bull market? I will agree that there may be a decent amount of ongoing need to continue to remove frothiness from the altcoin space which can also be a justification for further BTC down.
