By all means ignore this idea. I have 0 TA experience, just my thoughts and some numbers that I put together that just so happened to fall on the B2X fork date.
I noticed quite a few bounces from previous ATH. ATH X .61 always seem to be a key correction #.
First we went from $775 to to $470. 775 x 471 = $472.75
Another $2960 to $1830 2960 x .61 = $1805
Then we went to $4980 to $3000 4980 x .61 = $3037
And now we are going from $3,000 to what I believe $8200 as 8200 x .61 = $5000
Ignore the wave counts. New with charting tools. Thanks for viewing!
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Looks like we will top off scratching the surface of $7500 (may trigger stop losses so wick me extend to $7550) before the next leg down.... Atleast I hope. I will be shorting soon and placing a buy order at $7010... May go as low as $6850..... or hell we can just go completely downhill from there. But so far so good, no changes made to the graph.
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Bouncing off perfectly... I wish I would've followed my own TA. If it breaks above $7600 and closes.... Who knows where it's going.
Bounced perfectly off the previous green buy zone.
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What I'm seeing.
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Not enough momentum to close out onto of the resistance line.
we may be bouncing off on a downtrend for a few days. We may not retrace much if any. So trade at your own risk.
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Going down. I have a BTC order at $7109. If it fails we may go down to the $6800-6900 area.
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Perfect bounce off the trend line. Dropped down a little faster than expected but my order got filled on the wick :)
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If sell pressure continues we may visit the $6800's area.
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If we break below the yellow support line we are headed to the 6100-6200 level. Which I'm sure that's where the whales will like to accumulate more BTC for it's last run up to the 8k level Watching both zones closely. Hopefully I can get to night trade some of the downfall.
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We wont correct as much in my opinion. Not until the fork at least. Still bullish to the 8k+ mark.
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Nothing has changed. I still believe BTC is not done going up yet. I'm sitting in FIAT as I type this. May go in with a little more confirmation.
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Peaked $7900. Volatility lost due to B2X cancellation and BCash FUD.
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Still headed for it's $82-8300 mark. Nothing has changed besides the crazy volatility.
That’s right. All nearly perfect 61.8 Fibonacci Retracements. I, too, found this to be the next major sell off point and thought I’d do a search and see if anyone else did as well. It may be right around 8000 based on other analysis and just the fact of it being a big number to most retail traders. Definitely expecting something big to happen between 8000 and $8200.