My previous publications provide for 6 months a Bull Trap close to ~ $ 6k
The situation of RSI 14 similar to that of the 2015 Bull Trap post-Downtrend seems to be an additional indicator that this risk is imminent
Some reminders: I recall that the bullish influence at the output of the symmetrical triangle (see my previous publications) is technically complete. Only the current presence of an ascending triangle, who is a continuation pattern (see my previous publication), can hope for a $ 6k, but nothing more. On the other hand, the spectrum of the historical resistant oblique, although crossed, remains strong, among other indicators already detailed previously (MA crossing...)
DISCLAIMER: Invest only what you can afford to lose. Do not listen to any "prophet". Beware of your own emotions potentially disconnected from the market reality (panic / euphoria ... FUD / FOMO)
Operación activa
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It's a detail (but difficult to fight against my exacerbated perfectionism): note that I mistakenly displayed the 2015 chart in logarithmic and not that of 2019.
Here are the two in LOG to emphasize that the similarity is even more obvious (especially the isosceles triangle at the beginning of the year):
Otherwise, the bullish output of the little ascending triangle has been validated as expected by my scenario above. For my part no regrets to be in USD / USDT, because the Altcoins, on which I was, absolutely not benefited from the Bitcoin pump, on the contrary (released at 2990 Satoshis on XLM see my corresponding publication, same ADA, GRS, LIF ...)
$3400 here we came! Hold your breath because we might see a V bottom on the horizon!
CryptoBitShow
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@Flav_ma, come*
Bitcoinblue
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@Flav_ma, How do u mean that exactly ?
CryptoBitShow
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@Bitcoinblue, BTC is setting up a big short to a lower low in my opinion. Somehow, CME doesn't feel as bullish as retail, which makes me think we are soon or later going to revisit new lows.
Bitcoinblue
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@Flav_ma, Thanks for your explanation. I partly share that vision too. Although I do think the market can change slidely due too a different adoption level.
Crypto-Coin-Trader
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Yes exactly. Not sure how long it will take, maybe 4 weeks, maybe 4 month but i think we will retest the 200 MA (round about 3.500 +/- 300 USD)
I think the current is similar to the bottom of 2015. What do you think? Please give me a advice.
MaxHodler
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@pkb6698, Hi! I think you're still the best representative of my ideas for South Korea, I'm always proud of you my friend!
But why a shorter timelap around the 2020 Halving compared to the 2016 Halving ?
I liked precisely the idea of the bubble and its bursting around the 2016 Halving (2016-05-16 to 2016-08-15)
that you don't align anymore around the 2020 Halving, too bad ? ;)