This is just a lesson how markets do not tolerate complacency and halfway commitment...
You can not do market analysis in between cooking or what have you preparing for Xmas...
This is just a lesson how markets do not tolerate complacency and halfway commitment...
You can not do market analysis in between cooking or what have you preparing for Xmas...
Srezz, I feel your pain. So what do you think about the lowest possible target? 8k? 7k? Bitcoin looks abnormally heavy. It feels like the lowest possible target isn't in yet.
There's a very strong support belt between $10700 and $8900 levels comprised of the Gann's Square of 9 daily cycles which I don't show in order to keep my charts not overly technical.
But anyway, we shall see at least a very strong bounce from this zone.
Merry Xmas Srezz!
I have a different opinion, dare to say! :)
The spike in the volume in btcusd during friday and especialy when it reached the low of 11k makes me belive that 11k was the bottom.
It may be too early to say this as btc may indeed drag to lower levels but what r ur views on this?
Also any more signs of uncoupling eth from btc?
Thanks big man!
Pls see my last market update.
Thank you, srezz. Let's hope that this sell-off is a great buying opportunity.
By the way, do not worry about the incorrect analysis. We all still respect you very much.
Srezz. What do you think about the Tether and Bitfinex scandal? Withdrawals are very laggy and don't work for many people nowadays. Tether audit will happen on 2 January.
Everything looks very suspicious. Can you write a post with your thoughts about the next month?
Was busy with family matters. Have to investigate.