...So, if you're assuming we're going down to $2,400 or even $2,100, you're SADLY mistaken. This is my HONEST opinion...
If you want to believe we're in full bull mode right now and you're currently in a margin long position, you're about to get liquidated.
If you want to believe we're going to fall down to $2,400 or even $2,100 and you plan on being in a margin short position at that time, you're likely to get liquidated.
Great video and given me some things to think about. I also feel the chances that the market bottomed back in Dec is pretty high probability despite what the twitter trolls have to say. I have also migrated to doing videos myself and doing a written publication sprinkled in there for more macro level analysis. Anyway, great work and keep it up!
Certainly appreciate your support. Couldn't be here where I am without you.
Cheers,
David
Universe
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I used to be in the 'capitulation/babybulljesus' crowd. I was waiting for it for months. But starting Dec/Jan I shifted my stance based on heavy oversold indicators. Many matching levels from the 2015 bottom. Now I'm on board with what you are suggesting here. I like your idea of us possibly having a shorter accumulation because of just how much more oversold it is this time. Of course I certainly hope that is the case since crypto bullmarket is so damn good! Thanks for another helpful video!
And thanks again for taking the time to watch another video. I hope my followers don't mind the videos. I honestly feel I can get my point across better in videos than plain chart publications. However, there are times I prefer to post chart publications. Mainly, to create history to look back on by simply clicking the "Play" button to see how well or how poor the TA was.
Cheers M8,
; )
W3rN0tAl0n3
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In my opinion, $2800 was THE lowest we were ever gonna go anyway, but I would agree with you that now the bottom is in. Great analysis bud, ;-)