Quote from: dragonvslinux on Today at 08:12:33 PM

Quote from: Gachapin on Today at 07:06:14 PM

Quote from: dogebearman on Today at 06:57:41 PM

When I shorted ETH last week at 1652.04 I did it as a consequence of BTC failing to break the 200MA resistance.
I was expecting BTC to confirm the technical double bottom of June 18th and November 09th one last time.
Now all this wind of news and fud is catching my sails, still I believe the bottom is in technically - just needs one more confirmation.
The only thing that has changed is that we are moving there faster now.

seems half of twitter is waiting for 12k-13k, I wonder if it will happen Roll Eyes

good luck with betting on lower BTC prices when being already 72% under the ATH

I think crypto twitter is pretty split right now. Maybe 40% expect a rebound from around $20K, another 40% still expect $12-14K with probably around 20% undecided. I say "still expect", but in reality they previously called for $10-12K and have since increased their bearish target by about +$2K. I imagine that with Bitcoin returning to $24K they will be calling for $16-18K again (increasing by +$2K again).

If anything the bears are useful for one thing, being around $4K off the bottom each time. So based on this I'd estimate the lowest price goes is around $18K ($14K+4). Ideally it holds $19K for sake of continuing the uptrend, but this is also the bullish scenario too many are betting on, myself included. I'll look forward to $24K levels again, as I imagine another higher low around $22K ($18K+4) would be in play.

Quote from: dogebearman on Today at 07:33:45 PM

Wouldn't bet on that too. We could see a confirmation of the technical double bottom already at 18k.

This I agree is more realistic than $12-14K right now. Turning previous resistance into support with a technical double rounding bottom is still a reasonable suggestion for now.

Closed the CME "gap", not that I believe in this kind of thing being the utmost important.