Just a reference point for a potential bear market.

COINBASE:BTCUSD   Bitcoin / Dollar
206 6
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/PfwHlv... 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: 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?
Any thoughts on the impact of the SEC announcement delay? Do you think the extra time will only drag out bearish sentiment?
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.
X32-3Hi-kPL-8Z0 X32-3Hi-kPL-8Z0
@X32-3Hi-kPL-8Z0, I meant to say I am not sure.
jeremyalain X32-3Hi-kPL-8Z0
@X32-3Hi-kPL-8Z0, Fair enough. Thanks!
Looks close to being back on track to it's normal chart path!
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