“My Best Guess…short term” by trader texagg22 — published December 07, 2018 — TradingView

My best guess is we go to the 1.618 and bounce from there…this would be roughly the 2900 area…I am scaling longs between here and there because I feel like we are over due a dead cat and with divergences showing up on all time frames…why not? Trying to play a counter trend is VERY risky and I have accepted this risk as acceptable to me. Overall bitcoin is incredibly weak and what we are witnessing is most likley the dying of one of the greatest asset bubbles of all time. I do not think bitcoin will go to zero but as I have been screaming about all year I do think we are going to triple digits. Not only is bitcoin one of the largest, if not the largest, bubbles in history but also the global equity bull run is pretty much over as well. As I talked about in another post that is another dagger in the back of bitcoin …I am trying to catch a counter trend bounce by longing from here to 2900 but as I mentioned it is extremely risky and I would not reccomend.

Red Boar

Be the first to comment

Leave a Reply

Your email address will not be published.