This evening, I pulled up my WEEKLY timeframe on BTCUSD. Tonight I noticed a simple trendline I had drawn months ago. When I originally drew this trendline, it was a far fetched pipe dream, as it put BTC at unthinkable values above 20K. Little did I know, 2020 would bring the price of Bitcoin violently up to my "pipe dream" trendline.
The current bull run is over.
My apologies for not posting this sooner!!
The current bull run is over.
My apologies for not posting this sooner!!
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Looking ahead. The duration of this drop is unknown, but the BOTTOM based on 2017 pattern is 10K
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Selling at 40K gave me the perfect opportunity to buy back at 41,500. Cheers!
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TYPO in original post... meant to say 400,000 is the top
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Possible Wyckoff Distribution at 60K