Bitcoin market cycle may need to shakeout (this is a potential bull trap)
there is two ways to look at bitcoin and being aware of both options is important
THIS ISN'T MY PRIMARY PREDICTION BUT ITS SMART TO HAVE SOME STOPS AND USDT TO BUY THE DIP IF THIS SCENARIO PLAYS OUT
If the market cycle sees a full retrace to 3000$ levels then we will be buying the dips with spare USDT && USD because another bullish cycle would be expected
Trading is about being aware about both possibilities and having a plan to profit off both options !
There is potential for another 22% drop in the market cap (60% of the correction is already over)
2 wave counts the bullish option and my main prediction (UNTIL WE GET MORE MARKET STRUCTURE) we broke out of a falling wedge and need to see a hard bounce with continuation
I have some USDT on hand ready to ladder into all this panic (IF SUPPORT DOESN'T HOLD)
Not trying to FUD or make anyone PANIC here just being honest and letting you all understand the possibilities because you can profit off this fall if support doesn't hold
as a trader it's key to be open to multiple possibilities and scenarios then use your wisdom & TA skills to determine risk to reward and probabilities
Right now until we see a clear break downward my bullish count is higher by balance of probabilities for me but I have a plan for both market directions && you should to.
&& again I want to be clear that another 22% drop isn't even that scary considering the fact that we have already fallen 60%
"balance of probabilities" lol someone follows Francis Hunt...
SatoshiKnows11
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Where is "support" for "if support doesnt hold" ? Link to your primary count please.
You said you saw BTC 100K for 2018. This chart doesnt even suggest 8K by end of 2018 lol.
You sure this isnt your primary count for paying members to your group?
SatoshiKnows11
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@Dalin_anderson ^^^
dualistic
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@CryptoBling99, the waves are just examples, so not the actual targets. Just chill and watch the important levels, but imo theres alot of volume and support right now so this scenario is rather unlikely!
jcjosue2627
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Is this still possible, dalin? Thanks! @Dalin_anderson
zcryptoantigenius
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so finally you have reached this target!!!!!
UnknownUnicorn1011514
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very gud btc chart : this is going to happen
RealMcafee
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it's close to a lamo chart I did a while ago with 1k8 being the bottom. I think there's good reason that this won't happen if you like to compare the btc cycle with different altcoin cycles. Anyway better to work down from the top and continue adapting outlook.