Hi. Am deep in my sell zone, so am slowly selling a small % of holdings up to fork-day or until it drops back out of my sell zone.
Added some random squiggly (guessed) lines to show the next dip and rise - IF we stay within the same channel since early 2017. It goes up to around 13k around Feb! Sounds like madness, but so does the price as I write this : $7300 Perhaps we will spend longer on the middle of the channel - or form a less aggressive channel. I dunno.
Good luck!
Trade geschlossen: Ziel wurde erreicht
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Stopped selling. Being cautious. Could be good down now
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Meant ... Going down.
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Gonna start selling again if we reverse and move up to 7600
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Top of this channel today is 7600 ish. Will we make it. or get rejected at previous all time high of 7500?
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Never quite got to 7600. Shame. No more selling for me unless it has a final burst towards 8k before fork-day. Can't see that happening though, looks like we're probably going down now.
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Unless its fake news .. the segwit2x for is dead!! :-) 1d before my fork-fizzle day too.
Just went a bit over the long term channel, not enough to be meaningful, especially considering the margin for error.
Sold a bit more on the way up to this. Kinda hoping it will go down big-time now, for a proper retrace and recharge
We still got about 8 days left so after a few days of consolidation we may see another run up. Your analysis was very useful!
darobsta
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@AdrianZieniewicz, I'm glad!
Either bulls are tired or BTC is just coiling up for another go at upper 7s and 8k. I have kept some spare BTC in case I need to up my average exit price. Still not risking more than about 15% in total though. I would rather it just went down now to be honest.
AdrianZen
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There seems to be a resistance at $7400 (lol) and hopefully it will stay there for a while before the final run to the $8000 area but it's hard to predict. Every indicator is yelling at this to stop :).
darobsta
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@AdrianZieniewicz, your dream is setting resistance levels!
AdrianZen
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@darobsta, Dreams like resistances, sometimes they get broken :D.