WATCH OUT FOR BITCOIN RETRACE TO 17K IN JANUARY.

2 ม.ค. 2021

FIRST OF ALL, WE CAN GO TO 37K-40K AREA NEXT, BEFORE THE DRAWDOWN. THAT SAID, ODDS OF TAGGING 18K AGAIN IN NEXT 35 DAYS (5 WEEKS) IS VERY, VERY HIGH.

I'm hella busy so I may not have time to add anything even though I want to. But if you are in bitcoin, its TIME (but not HIGH TIME) to take some off the table, especially if it makes one more pop to 37K+ the next 7-14 days. Whether or not it will doesn't matter significantly, you will get a 50-60% discount within 20 days after that. The low depends on the high. So if high is 34 or less, then expect low under 16k. If 38K or higher, expect 17K.

2 ม.ค. 2021

บันทึก

BTW, here was the call for ATH in the summer:

2 ม.ค. 2021

บันทึก

Pretty sure I nailed that one. THIS WAS JULY 19TH!!

3 ม.ค. 2021

บันทึก

For the moment, runaway top looks like 40800 around 01/06-01/07. Why? Because the only wave left to "max out" is this gray wave on 90 min bars:

3 ม.ค. 2021

บันทึก

Here's a better look:



34xxx as of this update, but again, anything above 37k is dangerous territory because this is bitcoin we are talking about.

4 ม.ค. 2021

บันทึก

Monday morning: overnight action dropped 7K from 35-ish to 28-ish. 32K as of this update. Is it safe to say that it has topped? No. My reason is this volume action on 90-min bars is NOT INDICATIVE of a "top is in" situation. If forced to forecast, I would still project 1 more step up to January 6th. Here is what I see:

4 ม.ค. 2021

บันทึก