You're fixated on bitcoin going down, fuggedaboutit, bitcoin is going up from here, bull market going to heat up A good question to ask would be in a mania fomo phase how high these things can go GME mNAV went to >40 heard on youtube video
I'm fixated on what the chart is telling me...forget EW...this monthly chart doesn't concern you? I'm not saying we don't hit 100k, but it could be later than expected. It's been a bull market since Oct1 2023...this is consolidation. This correlates with EW btw which is showing a double correction possibility...
Or what about this? https://alternative.me/crypto/fear-and-greed-index/ (I've roughly plotted in some greed % levels) Or this. Every time we hit 90% + supply in profit there has been a correction. We have been in a correction since March...the only question is, is the correction finished? On the chart the correction usually ended around 50%/40% ratio. https://chainexposed.com/SupplyInProfit.html I mean all of this stuff is baked into EW, but I still look for further confirmations.
Sorry I don't do TA, so cannot understand your chart stuff bitcoin is above $65k, that's pretty good, and based on the schedule from previous halving years, we're literally days away from a huge run-up Not financial advice, of course
Why does 65k matter? It's been here before many times during the correction. Look at what I posted from the greed meter, and chain exposed then.
I saw we're on the greed level, everyone in crypto are all anticipating the biggest bull market But if you look at the google search trend, it's at 4 year low Does not matter, we will find out if you are right about a correction very soon, within 2 weeks
Yeah it will all depend what happens at (C) which roughly is about 100% of wave A...so 68-70k if extended...if we don't blast off then be prepared for a double correction down to low 50's. I can't control or manipulate the chart data...the rsi is showing weakness and divergence from price...the MAC D is rounding etc..in the past these were all pre-cursors to a draw down...we are also on the handle of a huge C&H so its ready to pop. Me and you can both agree it has never been a question of if, just when.
We're entering the most bullish Q4 period of bitcoin's existence bitcoin hitting low 50's is about the same chance as you hitting $500M+ on the powerball $100k/btc before eoy 2024
Well we are going to see what happens at 70k...already heading there. (Currently on the iii subwave of iv--->v...expecting a slight pullback to iv)
Dude, price has hit the 50's 4 times during this correction...so it makes sense that the final correction will do the same...Are you certain the looming call expiry isn't affecting your judgement? If you are in a MUST DO THIS scenario that is risky especially without the technicals...I've been there but my technicals were solid. Do you have a rollout contingency plan in place? I had to roll out. What is your strike/expiry?