These are just some possible ideas. *Do not copy, not a professional trader*
Just an idea I'm tracking. Do not copy not a professional trader. Cheers
If BTC continues to rise it's going to be a long haul IMO. * do not copy me not a professional trader *
This is looking at monthly chart, so dates are not 100% accurate. Scroll back to see 2013 from 1st Nov 2013 (the current ATH) BTC dropped 87% over 426 days to the bottom. from 1st Jan 2015 (the new bottom) BTC gained 653% over 762 days to previous all time high. from 1st Feb 2017 (The previous ATH) BTC gained 1570% over 303 days to the new all time high. from 1st...
Probably won't but it could... Who knows? not me! Do not copy... why would you?
Just a different way to look at Bitcoin. You can see since 2012, all the big upswings are followed by at least a 78% retrace. The fib is using the the low of the last big swing to the new ATH. If you look at the green numbers you can see the ATH's and how much they have multiplied since the last big ATH. For example 11.97 ATH went up 16x to 176.49. Should this...
Well I can't see any moons? Sure some more gain over the next few days, followed by consolidation and a big move ??? UP or DOWN ??? who know's, not me... but probably in this market, it's gonna go down. Not a financial advisor, do not copy, why would you?
Everyone is predicting at the end of this triangle a massive breakout upwards or downwards. 1) would need new money to come into action, where will that come from? 2) would need more traders to throw in the towel and give up on bitcoin? We could of course still move sideways. So will new money come or will traders give up on bitcoin? what are your thoughts?
Just a bit of fun, why so serious?
I'm hoping by posting this chart BTC makes a fool out of me and pumps hard...because I got bags. Anyway this is just something I put together looking at previous bitcoin dips, from 2014 to now, if we were to follow a similar pattern. We * COULD * be in for a really really long downward trend, until we finally slowly reverse, of course the magic pump does not...
Will update more details in comments.
Set my order at 6968. $860 at 10x Target 7.45% 7486 (10x 74.5%) Stop 3.5% 6723 (10x -35%) $860 will become either $1500.7 or $559 #Note i'm not a financial advisor, my trades are mostly wrong, this is even more risky with leverage. Do not copy me.