Courtesy of: https://goo.gl/images/7SUQsG
We have come a long way folks. ever since we made the initial panic low in February I was one of the only ones on Steemit (and probably on many platforms) saying sell ALL rallies. From that point forward the parabolic trend had been broken and it was going to take TIME to figure out what was next. Over the next couple months - after the bounce to 12000, which I said SELL, and the bounce to 1000, which I also said SELL - we are finally here. This is what we have been waiting for all of 2018 basically.
Looking at this chart, mind you I have been dead nuts on this entire year and this is the first time I do not have solid CONVICTION of what I believe happens. That is why we have to be prepared and react. I see three different price actions moves we can have here. with bearish sentiment increasing and apathy setting in, I feel that the move and decision is closer than ever now.
Bitcoin bounces here and rallies 30+% back up to above 7500-8000ish. It will find resistance there and then likely (once everyone is bullish again of course) head back to the lows for some panic.
We panic now (BEST CASE SCENARIO) and smash down to under 5000. Inducing some panic in the market at these levels will likely shake the last of the weak hands out and cause the big boys to adjust sides. that will put in an intermediate term bottom where we should rally significantly and then hold.
We keep grinding lower, and lower...(worst option) the fact that there is no volume on this move down and just constant selling is telling me that the big boys are waiting lower. However if there are no buyers here then the big boys are just going to keep lowering the bids til they find some. We grind lower and then panic induces will cause us to fall much further than I personally would like to see but is not the end of the world. the lower we go the longer it likely takes to repair ovrtime.
This is the moment I have been calling for and waiting for! It is just very anticlimactic and the best thing to continue to do is just sit and wait...
BTC to $5,000 if we don't hold here expecting a drop to $3,500
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am looking for the 5000 crack and reclaim....on volume. Volume is what matters...no capitulation at all right now
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My feeling says that big guys want even cheaper, so, my vote goes to the 3rd scenario.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
mentioned you again this a.m.! good job my friend..."nibble" yesterday at 5850...we certainly may see 5000.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 16.67% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The market is now dominated by bears...!
But a trend sweep will come.
The case down is no longer too deep
Like the anxiety coming
We may be dropping to 4500 - 3500 dollars but time will reward everyone.
My chart shows positive DIV and it shows in the short term Bulish maybe it was the bottom and we see no deep courses..!!
Bitcoin Is more than a daily exchange rate
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Definitely and I am in your camp of a bottom here....intermediate. True long term bottoms are usually not made without capitulation of the chasers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In the short term I was right..!!
My belief is strong that I also retain the long-term right
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 0.35 % upvote from @drotto thanks to: @socialbutterfly.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Beep bop, this is @pushbot.
I just received a signal from the Mother Ship that you may require a push.
You just got a 100.00% upvote courtesy of @socialbutterfly!
Message from the Mother Ship:
You can earn daily profit by delegating SP to make @pushbot stronger. Delegators receive a share in 95% of the earnings.
10 SP • 20 SP • 50 SP
100 SP • 200 SP • 500 SP
1000 SP • 2000 SP • 5000 SP
Any Other Amount
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has been upvoted by @microbot with 6.2%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can make some profit with your witness vote?
More profits? 100% Payout! Delegate some SteemPower to @microbot: 1 SP, 5 SP, 10 SP, custom amount
You like to bet and win 20x your bid? Have a look at @gtw and this description!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In the fight of Humans vs Bots, @megabot defended you with 14.29% upvote courtesy of @socialbutterfly!
Support @Megabot by delegating SP to the bot and get a part of 98% of @Megabot's profit.
Direct delegation links : 10 SP || 50 SP || 100 SP || 500 SP || 1000 SP || Any other amount of SP
Join our discord group here.
Thank You !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 5.89% upvote from @t50 courtesy of @socialbutterfly!
Anyone can use this service by sending a minimum of 0.010 SBD or STEEM to @t50 with the post you want upvoted as the memo.
Consider investing Steem Power to receive daily payouts from bot income.
10 SP, 25 SP, 50 SP, 75 SP, 100 SP, 125 SP, 150 SP, 200 SP, 250 SP, 300 SP, 350 SP, 400 SP, 450 SP, 500 SP, 600 SP, 700 SP, 800 SP, 900 SP, 1000 SP or use the delegation manager. At any time you can get your investment back by undelegating.
Partners
@upfundme and #upfundme
TASKMANAGER bitshares token
@hybridbot - bid/membership hybrid bot
@memearmy meme support community bot
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 25.00% upvote from @automation courtesy of @socialbutterfly! This is a service sponsored by @yehey. Please consider voting @yehey for Witnes. Use this short URL link https://on.king.net/witness simply click and vote, this will redirect to Steem Connect for secure connection.
Interested to earn daily? Delegate Steem Power to receive 90% payout rewards. Use this link https://on.king.net/automation to delegate SP to @Automation.
If you need an extra upvote, join us at https://SteemChat.com discord server.
Have a lovely day.
@Automation - Keep Steeming for a better future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit