Bitcoin 6000 will NOT hold

in #cryptos4 years ago
  • Steem is at 88 cents, a fresh low, now down 90% this year
  • The cryptocurrency market cap (all cryptos together) just hit the lowest value since early November - $200B could buy all the cryptos in the universe
  • Bitcoin dominance continues to fresh high of 53% (bearish sign)
  • The bears and the tsunami of negative pressure will win, and the Bitcoin market will have a "$152 moment":

clearasday.png

Cryptos are cheap, but they may get a fair bit cheaper before prices begin to recover through 2019.

2018btc.png

It may take a couple weeks, but that 6000 level looks absolutely doomed, which means a test of 4XXX support is likely. (That's something I've been saying since the 20000 high.)

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If you have powder dry, your boatload moment may be coming soon. Please note that I'm a pattern-spotter, not a trader, nor an advisor. And certainly not your trade advisor. Come to your own conclusions - these are mine. :)

DRutter

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It didn't hold, now it's there's a bounce, maybe another shoulder for the head and shoulders pattern?

I agree 👍

Only 4 hours after we agreed on this, the Bitcoin chart took a sharp dive to 5880. Good call bro ; )

I saw that too 👀 nice to see someone being realistic about bitcoin