@patrickbetdavid We all know how Mr. President celebrated with every picture online, like caption of Maduro, before Bin Laden. Turn of the media and open your eyes.
@patrickbetdavid Of course that he’s alive. No pictures, no videos, only brainwashed people will believe it’s true. All sources according to Reuters, cnn, New York Times etc.
So this time wasn't different, the 4 year cycle remains king and $BTC topped in Q4, 4 years after the prior top.
I can only assume then that this bear market will play out similar to the prior ones and BTC will eventually make it's way towards the 79% fib.
Last cycle I thought $30k and below was good value.
Cycle before that I thought $6k and below was good value.
At the rate we are selling off, I think we are approaching those good value levels pretty quickly.
$BTC
Attempting to close through the range highs here.
I absolutely fumbled shorting the top and started longing a little too early on the way down.
That said, I got back in sync with things at the $80k low and am glad I stuck to my guns and didn't puke spot into the lows.
Impossible to know if this move eventually leads to new ATHs or not, but I'm fairly confident in us eventually trading back up over $100k.
If I had to handicap it, I'd say 70% chance of a lower high, 30% chance at new ATHs.
These numbers will change as price moves so here are the key levels I'm watching.
Hold above $94k -> $105k
Hold above $105k -> new ATH
Any high time frame close below $80k and I think we are confirmed in a bear market and I'd expect the lows to form in the $40k-$60k region.
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A lot has changed but we did get a $BTC pump that lasted a long time and an $ETH pump that got it to new all time highs. And now among fear and a year long alt coin bear market do we see the impossible? It will look different but some could argue it's started.