it looks like we are visiting this pivot point "12000"? for the third time
any insights about this?
also maybe the $10,000 pivot is coming into play?
bdub4200
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man you hit it on the head with this one !!! good job bro
are we begining another compression? how low of a swing should we be not concerned with?
Juanjo_LP
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I agree. But we might be in the first bump upwards the compression, which lead BTC in 2016 from 750 to 475 which means a 30% reduction or so... Hence we totally could be against a drop from 11.5 to say 8K or so. But in the bigger scheme i agree with this.
GJMRealEstate
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@Juanjo_LP, agree. of course the shake out came after the break out of 425 or so.
at this point a similar pattern could take us to 24k first and then drop us back to 16k before climbing higher
many will be shaken loose
even to this point how many times has bitcoin messed with the psychological 10k level?
we could even dip under 10k at this point and still remain in the uptrend.
Juanjo_LP
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@GJMRealEstate, Yeah I'm not saying that going as far low as 8K means a breaking of the uptrend, much on the contrary. I even think a correction to 8-10K is due before testing new heights. Cheers mate
ahmadjarrad
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haha, nice. How's that long working out for ya huh?
crypto2elliot
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Where I get more info about Keltic channel, thanks in advanced...