X32-3Hi-kPL-8Z0

Just a reference point for a potential bear market.

COINBASE:BTCUSD   Bitcoin / Dollar
I create these for myself to reference, similar to my pre futures chart. I just want to look back and see what happens with this chart. This would be a retrace of the entire parabolic move. It is funny how there are certain hedge fund managers calling for $1,000 Bitcoin             . It is roughly the cost of mining a bitcoin             and right around the fib retracement price. Let's see how it unfolds in the distant future. This is just a possibility and a guide in case it starts to unfold.
Kommentar: https://www.tradingview.com/chart/PfwHlvdK/ The .618 fib line seems to be acting as a new resistance. Lets see if we close below it today. The SEC meeting that was scheduled for this week has now been postponed to the 14th also.
Kommentar:
Kommentar: This is the same chart from the link above that did not post for some reason.
Any thoughts on the current market? Are we due for a bounce? You used to have amazing TA what happened?
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Any thoughts on the impact of the SEC announcement delay? Do you think the extra time will only drag out bearish sentiment?
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X32-3Hi-kPL-8Z0 jeremyalain
@jeremyalain, I am completely sure, I only follow the charts. The SEC meeting will likely reprimand coins acting as securities. They are concerned with protecting people from scams and further regulating the space.
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X32-3Hi-kPL-8Z0 X32-3Hi-kPL-8Z0
@X32-3Hi-kPL-8Z0, I meant to say I am not sure.
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jeremyalain X32-3Hi-kPL-8Z0
@X32-3Hi-kPL-8Z0, Fair enough. Thanks!
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Looks close to being back on track to it's normal chart path!
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