DISCUSS
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that's the plan
what exactly is this based on? breaking 6.8k would be extremely harsh for btc, nontheless 6.4k, why exactly the call for 4.4k?
Intelligencve agencies are forced to reduce the price to keep economical sanctions
stop drawing random lines.
it's already been a few days since it was made and it's already wrong.
*only been
The market moves in the way that will fuck the most people. If everyone thinks we going under 7k, it's gonna bounce.
When in doubt, zoom out
it's based on that guys analysis + his sources
read the text under the chart
Explain
mate, if it breaks 6.4k its not going to bounce at 6k, its going to the next support which is 3k. Its going to hell. your graph is bad, you are not using long term trends atm, which are all at play here. this is make or break, and bulls know this, so that is exactly why there is so much buy support at 7k, 6.8k and 6.4k as a last attempt.
6k is nota floor, like i said, it breaks 6.4k then it goes to hell.
in other words, the lowest possible is approximately $1500 (I highly doubt it will go below 3500 though -- I would even be surprised if it went under 5k but not super surprised)
the author himself is saying it may go to 3500:
tradingview.com
>tradingview.com
"""private sources"""
and private method of indication
well I dont know man. I care for truth only, and I am still currently invested. According to that guy Id lose 50%, I guess I will find out the hard way because the calls do seem arbitrary to me in the long run, but what the fuck do I know.
>When in doubt, zoom out
>When fully zoomed out, you'll see the 6 month wedge
>When the wedge ends (spoiler: June) congrats, we're all rich
except for eos fags, your wedge looks breddy bad
he downplays significance of 6.4k lower lows is enough to turn bulls into bears and it wil ltrigger a big sell off.
we need that higher low. if we get it, then it confirms bullish long term trend is maintained, which is hyper bullish. that's why this is do or die.
Just dollar cost average anything below 6k