2019.03.12 - Bitcoin: Another Crazy Scenario For 21 March
Just before the historical support cuts the 3210 level, the current ascending trendline cuts the historical resistance at 4225.
Do we go there first and then tumble down to the bottom, only to get catapulted up again?
All in 1 or 2 days?
Such a scenario would devastate the market. It's not at all in concordance with the time of the year..
It would be a weekly Doji candle, like on Christmas 2017, not so spectacular as it may seem on first sight. It would mark the half-way point of the sideways movement.
https://postimg.cc/94ksjq9C
I see. It's a possibility.
If we go below 3500$ there will be again a lot of panic selling, again news with 'bitcoin going to 0' and so on..
However, I hope you're right with the half-way point of the sideways movement.
If it comes near the 3300 mark, I'll buy some more coins :-)
But I don't think we are going 1K-ish.
Yep, me neither.