Unfortunately do not have time to update, but I have reason to believe this head and shoulders pattern will play out.
Just remember, don't get greedy. The more it falls, the more buying momentum we build. I foresee the next few weeks being quite interesting for BTCUSD
<3
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As stated before, DO NOT get greedy.
BTC broke waaaaaaaaaay out of the normal RSI patterns. I suspect it is big money, trying to throw anyone listening to my calls, off thus tricking them into buying a falling knife.
Take your profits now and don't get greedy or you will likely get burned. We would need a serious breakout to at least $9,500 here in order for this to sustain.
BTC I suspect will not go balls to the wall past $9,500 any time soon. It NEEDS to correct still.
If you get greedy here you will get burned. Talk soon when I'm out of the hospital.
-tS
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Hidden BEARISH DIVERGENCE has been spotted!!!!!
Be VERY CAREFUL in the next few days with BTC.
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BTC should of easily hit $9,500 by now.
If you trade this coin, you're asking for trouble. We need BUYING POWER to break past 10k+. We don't have it.
HOW do we get it? BTC is gonna brick, that's how.
I STRONGLY recommend not to buy anything more than 3-5% right now up to a maximum of 20% available FIAT.
Soon, I have a feeling you will see why. BE CAREFUL
Everybody here on TV knows markets are driven by sentiment and emotions, not TA. There are not really negativity in the media, no threats of regulations by governments,no real FUD, lots of speculation in media and social media that the BTC bull are rasing its horns. Ad to that hundreds of thousands of newbie investors with dumb money waiting to jump on board at the right time
. I thinks its going to climb higher, slow down sideways a bit in the mid $9000 range. Then BTC is going to jump out of the blocks. We are going to see the ATH much sooner than we think.
deactivatedaccount123
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@Belegging, ONLY way we see anywhere NEAR ath right now is to have massive buying power. We currently don't have it. Have you seen the sell walls?
I assure you, we will definitely see ATH soon but we won't see it until we have buying power. How will we get said power? By BTC hitting a value that is WAY too good to be true.
Wait and see. If you buy this coin right now it won't be long before you'll have to become a HODL'er. It's gonna brick, I am 100% positive on that. We have barely even cleared $8,900 let alone 9.5k+.
Good luck.
Corrupt_Economy
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@MC_Peewee, Sell walls are not reliable as they move... Yes, I agree whales are obviously trying to manipulate the price and scare noobs into selling so that they can then get more BTC at a cheaper price; however given that most weak hands have already sold over the past 3 months - those who are left are not likely going to fall for this ploy. Hence the sell walls will move with the price and those who are currently trading BTC will not fall for these fake walls.
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@heyitskolin, Here's the problem.
We have no buying power. We should of easily hit $9,500+ by now. Plus, hidden bearish divergence. ALL signs are pointing down. This is definitely no ploy, IMO.
@Sparky123, even if it corrects it will just test trend line
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@ibnyass, Trend line? WHEN it corrects it's going to drop like a lead brick. The buying momentum has slowed to a crawl. I'm in the hospital right now and even I can very clearly see the bearish signs all over the place. Especially the hidden bearish divergence. Please educate yourself and don't tell people on my thread what is going on if you're not 100% positive.
. I thinks its going to climb higher, slow down sideways a bit in the mid $9000 range. Then BTC is going to jump out of the blocks. We are going to see the ATH much sooner than we think.