Hello, folks! I hope you are on the correct side of the trade. I was looking out for a possible motive way up, but what I thought could be wave 3 withered. Looking at the 15 minutes chart that I use as a signal for my swing trades, I've noticed that recently there have been a couple of "fakeouts" that were followed by a price drop. What concerns me the most though is that today's very bad news coming from the stock markets met BTC on its way down AND very near a support area that has been tested a couple of times in the near past. This daily chart shows a red line that connects the bottom of the two major previous bottoms, and price has breached it. I will short and I believe you should do the same. I think there is a higher probability that we'll test $3k support. Let me know what you think.
According to Bitcoin's history ,it often crashes to the area where the previous bull market occurred. More goes behind me saying that the bottom is at 1200$, but to simplify it ''History repeats itself''. This is not a financial advice , this is just for entertainment. Do your own due diligence. I am not responsible for any loses.
Listen to the counter trend expert. Bitcoin dumped, bears took a little break, consolidation, then trend continuation. Maybe it will bounce a bit right now, as people get baited as usual. But going higher than 5000 is very unlikely. Even 4500 is meh nah. People are starting to realise they got scammed by an obvious ponzi. Did a child say "the emperor is naked?", once a child says the obvious it propagates like fire. https://www.tradingview.com/x/n9z8KpxU/ The us stock market went up and that doesn't stop this ponzi from going down. Ohwww gawd down 5% while I type this ok I'll post and update later. Imagine if us indices did NOT go up 700 points ? xd TFW it is such a big scam it crashes faster than you can type it. Bitcoin is hanging on 3400$ (3400!) by its little pinky. It was "impossible that 6000$ breaks" just a couple of weeks ago LOL. Will get interested when we panic flash dump below 2000$. Can happen pretty fast so brace yourselves. Be ready. Remember... https://www.tradingview.com/x/pasASc3o/ * Using Kraken? Have orders ready much lower in case of a flash crash (like $1000 $500 $100 etc).