Here is why the 4,400 case can be made for BTC. The Fibonacci level at BLUE and the LONG TERM TREND LINE are way way down there...
I put the little red lines a stopping points along the way. We should bounce at one of these and not 4,400
I am bullish long term and a buyer at lower levels!!!!
ALL THIS SAID I DO NOT THINK WE ARE GOING ALL THE WAY DOWN!!!
7,700 is my first target. And soon. Only from there will we get a little clearer picture. I posted this because I have a trendline from last summer on my other BTC post on the UGLY PATTERNS post. My thoughts are there so read that one.
This trendline is older and lower so why not.
I put the little red lines a stopping points along the way. We should bounce at one of these and not 4,400
I am bullish long term and a buyer at lower levels!!!!
ALL THIS SAID I DO NOT THINK WE ARE GOING ALL THE WAY DOWN!!!
7,700 is my first target. And soon. Only from there will we get a little clearer picture. I posted this because I have a trendline from last summer on my other BTC post on the UGLY PATTERNS post. My thoughts are there so read that one.
This trendline is older and lower so why not.
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We hit my target today.