Viewing a response to: @workin2005/kshb5qsuyscv2a4
I'm basing this on the trendline that I did that looks like the previous bear market trendline, where we touched it twice before accumulation, here let me show ![image.png](https://ipfs.busy.org/ipfs/QmXbG1DcnSxQxhRMTxC64QvFDmY3g19WvUvh5qc3LLAauf) https://www.tradingview.com/x/5aIcJz6d/ If we headed straight down right now we would touch 2k on the trendline. Ofc the capitulation is slow at first and then picks up, we might very well go to 1.2k , but the trendline that I'm considering is that one, I know some traders don't like trendlines but I love them for investing, for trading ofc fib, elliot waves, RSI and some PA And Vays actually says we are heading down to sub 1.5k xD and other analysists say the same, I'm keeping my sentiment in check because I too think we are heading down to sub 1.8k.
post_id | 71,267,459 |
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author | teutonium |
permlink | re-workin2005-kshb5qsuyscv2a4-20190311t230205024z |
category | bitcoin |
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created | 2019-03-11 23:02:06 |
last_update | 2019-03-11 23:02:06 |
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Trend lines can be great. Guess it depends on the trader and how you use it. Personally, I think the overall trend, coupled with major resistance at $4,120, suggests a break down. Add to that sever hidden bearish divergence on the weekly chart's MACD, as well as a large bear flag...yea, things could get ugly quick. My first buy zone is $3,000-$2,500 with a tight stop. That breaks, I'll go in heavy between $1,200 and $1,000. Good times. ;-)
post_id | 71,273,194 |
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author | workin2005 |
permlink | re-teutonium-re-workin2005-kshb5qsuyscv2a4-20190312t011052981z |
category | bitcoin |
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created | 2019-03-12 01:10:54 |
last_update | 2019-03-12 01:41:48 |
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