Re: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!)
Quick look at the weekly
Price continues to track the second down leg as expected...
the 50 & 200 day EMA's look to have established a pretty convincing downtrend. Price is heading back towards the bottom of the big triangle that broke down on 12th November I expect the ~6100 to be a pretty key level. However, I wouldn't expect that to be tested until late Jan.
If anyone can make something positive out of this chart then I'm anxious to see it!
Price continues to track the second down leg as expected...
the 50 & 200 day EMA's look to have established a pretty convincing downtrend. Price is heading back towards the bottom of the big triangle that broke down on 12th November I expect the ~6100 to be a pretty key level. However, I wouldn't expect that to be tested until late Jan.
If anyone can make something positive out of this chart then I'm anxious to see it!
An opportunity to buy cheap Bitcoins?
There were many people who thought they missed a buying opportunity. That opportunity is back, and suddenly everyone turns bearish? Zoom out.