Replying to Avatar TheGrinder

Bitcoin continues to follow the bearish trend since the lower high which signalled before the Binance news. Since then it gets rejected every time it reaches the declining trend.

What does this mean? Nothing. We have to see what happens with the perceived support around 35k. For now we're signalling a bearish sentiment.

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CappyNate🍁 2y ago

Yup. Completing blue 2 of yellow 3 into $32-35k range.

W3 of W3 (the most powerful wave, of the most powerful wave), begins soon. Likely within the next 1-2 weeks. Or sooner.

Minimum target of Blue 3 is $50k. Violently, in short order. Blue 5 (yellow 3) target pushing ATH.

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TheGrinder 2y ago

that looks good though I'm sceptic of seeing a new high just before x-mas and new year. Usually we see a selloff just before the holidays. I guess we'll see. Personally I don't look to far ahead with Bitcoin and try to avoid making price predictions weeks away. IN general I looks for opportunities to sell some sats when Bitcoin peaks out to steal more from the market when we dip. rinse and repeat.

My way of taking Bitcoin off of the exchanges 😉