So as i predicted last time the break point was where i expected. However i did believe it had a chance to go up but as always it can go either way. So do we have another chance of a "Break"? Well yes and its within a month or so.
So as i am showing you the Green line is the same down trend line as we had last time and i know its still working because it bounced up and hit it about a week ago. Then we have the new up trend line which is did have on there before but was my second line over and we know this is a great trend line also because it bounced off of it.
So what do we know from all of this? Well we know we have the meeting point and it is about a maximum of April 5th.
So does this mean Bitcoin is going up before April 5th? No it does not! It means we should see a break before then however it could be a break down or up.
How far down are we going if it breaks downward? Well my next trend line is showing me around $3.5k depending on what date it gets there. People wont believe this until they see it like they didn't believe the $6k i was predicting but it is possible so be ready for it.
How far will it go up if it Booms? Well unfortunately that's a great question. I can do a prediction but it would just be a real guess and i prefer to show findings when i predict something.
So just to let you guys know i sold 50% of my BTC at $11.5k when it peaked and i have set a buy in at $6.5k. I may change this though its a little early to say but i think that will be a good time to buy. However if we break down i will just buy more at the bottom again.
As always be careful when trading and i hope you make lots of cash. I am not a financial adviser and everyone should do there own research.
When you are right, you are right! lol
Excellent TA! It'll be interesting to see how the convergence of the trends play out. I think your buy order is very smart though. I think there's a ton of support around 6k.
Yeah i like to make profit but i am not too greedy or i might miss out.