So we come all the way back from 29k to set new ATHs for a less then 10% increase from previous ATH cmon that’s ridiculous lol. 180k or so will be the blow off top.
TheDog88
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Before making such statements and drawing random lines, would be good to know the history of the asset) never has a crash in history come, after renewing not fresh all time high🙂 so take the short, and good luck😁
Edward_Cash_Trader
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@TheDog88, they are not random lines, it is a different kind of fibonacci levels, and it is defined by math calculations. good luck and good profit.
SimColm
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@MovingWaterTopTraders, ok? "Normal" kind of Fibonacci levels are also math calculations... Your crash at 70k to 35k is way too volatile for on-chain metrics. You'd essentially have to liquidate 85%+ of Bitcoin supply from cold wallets. And barely 5k$ above previous ATH. That's insane.
SimColm
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You do know that claiming crash and fomo at the same time is contradictory when it comes to price action, right?
Edward_Cash_Trader
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@SimColm, crash comes at the end of the last FOMO. good luck lol
SimColm
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@MovingWaterTopTraders, FOMO, scarcity and market adoption will take the price well above 100k this cycle my man... Not without proper retraces on the way up indeed, but not a market crash and not just 5k above ATH. Some 20% corrections on the way up are plausible but as flash corrections. Down and up movements that won't take not even 5 days each.
urbanlits
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2 months 10 days for 5000$ up? i dont think so.. maybe we reach 90K this run
Edward_Cash_Trader
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@urbanlits, that is not the timing, just consider 70k , when it does reach, could be this weekend. good luck lol
urbanlits
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@MovingWaterTopTraders, yo, you did some marking at December end.. Thats why asked.. Personally I believe 80K to 120K is the blow off .. Or we might get a leg down to 50K and reach 150K by Mid 2022