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RE: BTFD?

in #btc7 years ago

$10,000 is key. We have recently seen a nice leg higher, which could ultimately turn out to be the first leg in a 1-2-3 reversal: http://thepatternsite.com/123tc.html We're in the zone where we get a higher low (point 2). That, of course, would have to be followed by a higher high (constituting point 3). For now it's a waiting game, but with the primary downtrend broken, the possibility of a retest taking us to a higher low that holds is good, in my opinion. In any event, I think that 20k short term is unlikely at this point. All of which brings me to say that I'm in basic agreement with you, but just slightly more bullish and at slightly higher levels perhaps.

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I looked at your link with 1-2-3 trend reversal and as a believer of history mostly repeating itself, it perfectly makes sense. If you want to know the future, look at the history. In many cases it eventually plays out with the same outcome. I believe you are right. If we sooner than later break 10k even with this nice gap (even though in crypto there are no gaps, there is 24/7) your words will be the first that pop in my head 😆. I would think “@cryptographic was soo right!” I also noticed Thomas N. Bulkowski‘s stock market prediction and I couldn’t agree more.