Bitcoins ugly moves almost done? Consolidation before pump?
Hello everyone, my apologies for being absent this long. I have started to update a bit again for a month or so in my channel. As stupid as it sounds, I didn’t know I could post ideas with my mobile phone :). So my last update is here below.
I have simply not been in my office since I went off the grid (so also reason why I have not updated here on TV yet). I still need to explain to why i have been absent this long. Don’t think I will do it here though, it’s a bit too personal to have it locked in writing for ever here on TV. Unfortunately things have not changed, still in the middle of it all and it has not gotten any better yet :(. I am planning to pick up work again very soon, at least i hope. Don’t want to make any promises I am not sure about. Unfortunately there are moments in life, that we all encounter at some point, that makes almost everything insignificant, while making the simplest things the most important one.
I do miss the work and being here for all the grateful followers who have been appreciative of my postings, so I do really want to get back to business again.
Below is my last update from my channel, so it’s maybe not complete for the ones who are not aware of the previous ones. But think most important is in here now.
Again the suspicions were grounded, getting bit disgusting now with these fake rallies and dumps.
I have seen many people are looking at this triangle and some even changing the shape of it, but here comes the subjective part of TA. Drawing lines to what you want to see.
For me, the triangle broke up yesterday but it was a weak one. As mentioned yesterday, the pullback was already too much when it reached 9200/50. We saw the result of that, bringing price back down again completely.
Second thing is, what i mentioned a week ago, when triangles reach the very end of it, it's value drops to almost zero. Making fake moves to both sides even. That time we had the fake breakout to the down side and eventually rallied to 9900. This time the breakout was up, but we have not broken the 9000ish yet. So maybe this time it goes the other way? We had similar crap in the 6K zone a year ago
The small pump we just had, also retraced almost completely again as well. This curved shape is in favor of the bulls, just bounced but testing it again. So when trying to see through all the noise, this curved shape is favour of the bulls, but think as soon as it breaks (around 9100), we might see price drop again, possibly even a big drop.
So overal, i am still leaning slightly towards being bearish. But on the short term that is. I still think there is a good chance we might be in a bullish trend again (at least one more wave), just want to see this correction be over with first. Seeing 8K prices is still very likely to me.
Unless we see a high volume break of 9500(/9600). Anything below that zone, as we have seen past week, is noise
I have simply not been in my office since I went off the grid (so also reason why I have not updated here on TV yet). I still need to explain to why i have been absent this long. Don’t think I will do it here though, it’s a bit too personal to have it locked in writing for ever here on TV. Unfortunately things have not changed, still in the middle of it all and it has not gotten any better yet :(. I am planning to pick up work again very soon, at least i hope. Don’t want to make any promises I am not sure about. Unfortunately there are moments in life, that we all encounter at some point, that makes almost everything insignificant, while making the simplest things the most important one.
I do miss the work and being here for all the grateful followers who have been appreciative of my postings, so I do really want to get back to business again.
Below is my last update from my channel, so it’s maybe not complete for the ones who are not aware of the previous ones. But think most important is in here now.
Again the suspicions were grounded, getting bit disgusting now with these fake rallies and dumps.
I have seen many people are looking at this triangle and some even changing the shape of it, but here comes the subjective part of TA. Drawing lines to what you want to see.
For me, the triangle broke up yesterday but it was a weak one. As mentioned yesterday, the pullback was already too much when it reached 9200/50. We saw the result of that, bringing price back down again completely.
Second thing is, what i mentioned a week ago, when triangles reach the very end of it, it's value drops to almost zero. Making fake moves to both sides even. That time we had the fake breakout to the down side and eventually rallied to 9900. This time the breakout was up, but we have not broken the 9000ish yet. So maybe this time it goes the other way? We had similar crap in the 6K zone a year ago
The small pump we just had, also retraced almost completely again as well. This curved shape is in favor of the bulls, just bounced but testing it again. So when trying to see through all the noise, this curved shape is favour of the bulls, but think as soon as it breaks (around 9100), we might see price drop again, possibly even a big drop.
So overal, i am still leaning slightly towards being bearish. But on the short term that is. I still think there is a good chance we might be in a bullish trend again (at least one more wave), just want to see this correction be over with first. Seeing 8K prices is still very likely to me.
Unless we see a high volume break of 9500(/9600). Anything below that zone, as we have seen past week, is noise
