Bitcoin on the verge of a dump?

[3tv]

I was expecting a further drop when the NYSE opened yesterday but it held steady after the earlier drop. Poised to buy if theres a major dump :respect-057:

[H4XoR]

BTC is coming close to hitting that valid green trend line that has been running from 21 July. If it breaks that support line, expect a major downtrend. However, if we get a bounce around the $51,971.90 USD level then expect another pump back up towards $68,783.03 USD. The RSI on the 1 day chart is at 39, showing it’s in oversold territory.

I’ve got buy limit orders set at $53,869.93 USD (.382 Fibonacci retracement level), $49,260.42 USD (.50 Fibonacci retracement level) and another set at $44,108.60 (.618 Fibonacci retracement level).

Click image below for bigger image of the chart.

69545

[3tv]

set hnt purchase when if it hit $36. It dropped to $36.02. im jinxed. BTC now dragging the alts back up.

h4xor nailed it.

[H4XoR]

We still need to see BTC break above that red downward trend line.

I’ve added the horizontal Fibonacci lines to the 1 day chart and also the Fibonacci Resistance Fan to help show a bigger picture of how the price action is likely to move and where to expect support and resistance. [For those reading this that are new to charts, a 1 day chart means each red or green price candle represents 1 day of time]

As we can see from the new attached chart, we’re coming to a critical price action point in the coming days. The price has to break above the red downward trend line on or before December 6, otherwise BTC will break the green support line and then the panic selling starts.

[Edit]
I've also added an Elliott Wave pattern (in white) to indicate how the price action is likely to move if we break above that red downward resistance line.

If we break below the green support line then I’d be placing buy orders at the 0.786 Fibonacci line at $37,601.05 USD and at the 0.618 Fib line at $44,108.60.

[3tv]

just got up, dam, that a decent overnight drop:respect-056:

[3tv]

heafty sell off in progress.

binance has frozen my account and is requesting KYC info so cant buy/sell or move anything. FFS

[H4XoR]

The Bitcoin bloodbath should end in two days on the 10th Jan.

My Elliott wave pattern is predicting a low of $31485.

So if you want to buy Bitcoin, look at adding buy orders in four tranches at $37719, $34778, $33013 and $31485.

Then hold until 23rd May, 2022.

69557

[3tv]

feels like 2017/18 all over again.

[H4XoR]

This is my trading strategy on BTC, hope it helps.

If my Elliott Wave pattern remains valid, I'll continue to hold and take profit on 21st March at $54,127.00, expecting a pull back and retrace to $42,091.09 by 4th April, buying back in at this point for a rocket ship back to $70,000.00, which I expect to hit on 23rd May.

See attachment for chart.

[3tv]

guts me seeing the likes of shib up 50% in a week

[3tv]

NYC stock exchange opens in 15 mins, going down, taking crytpo with it. Anyone Leverage trading?

[3tv]

$30,594

if you bought in @$4k when covid kicked off you still sitting pretty.

[3tv]

Most would of cashed in long ago.

alot panic and sell on the way down losing $$$