Okay! BTC till the end of May
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I being new to the crypto world since last year just scratch my head with all these whale shenanigans always trying to fool all of us to take the bait and I've learned the hard way personally and have made it a point I will not trade off of those short time scales any longer I am starting to focus more on the long term daily charts.
Anyways I drew out a few lines and I just can't see how we won't hit 68ish by the end of May. Every whale trick only seems to prolong the bottom and it just creeps up every so slightly. These calls I have read from others for 3k and 4k btc I just can't see but hey I guess anything can happen when it comes to this market! The support looks large around that area currently at 68. The line also matches very well with the top and bottoms of our past lows and highs dating back to Sept. The worst thing one can do is panic buy and sell on emotions... you won't always buy and sell at the top and bottom so don't kick yourself. You just have to be a little less greedy than the next guy ha... good luck everyone!
Anyways I drew out a few lines and I just can't see how we won't hit 68ish by the end of May. Every whale trick only seems to prolong the bottom and it just creeps up every so slightly. These calls I have read from others for 3k and 4k btc I just can't see but hey I guess anything can happen when it comes to this market! The support looks large around that area currently at 68. The line also matches very well with the top and bottoms of our past lows and highs dating back to Sept. The worst thing one can do is panic buy and sell on emotions... you won't always buy and sell at the top and bottom so don't kick yourself. You just have to be a little less greedy than the next guy ha... good luck everyone!
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Won't be long now... we are coming to the end of the bearish triangle and should be breaking down very soon... could jump up just a little before first though...Nota
Looks like we may slow up at 7150 not sure how long we will hang around there...Nota
We should see 7150 very soon... then sideways again for a while I am guessing. The volume profile matches it pretty well...Nota
BTC touched 7148 last night and we came back up a little. Hopefully the volume will pick up some so we can finish this slow drop to 7-6.8k soon! We are about to start getting close after we dip down below 7100. I am thinking we will see a lot more of those up and downs as we get closer and closer to that heavy support area. Hopefully soon!Nota
As we near the bottom of the current wedge I wanted to making a few observations on past bounces. As you can see each time (On the Daily chart) we went past the -75 mark on the aroon oscillator indicator while also touching the bottom of the wedge we had a big trend reversal. We are currently at the -100 mark and the bottom looks to be with in site! (Only 100-200 away!) I hope, and yes I guess I am optimistic we will see the big bounce either early in the AM(CST) tomorrow or sometime tomorrow. I believe the end of our slow chipping away at the bottom has come to an end...
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