Again, trying to nail a short to medium-term top (from $12,020)

in #bitcoin5 years ago (edited)

07062019.png

Since my last "TA Tidbits" video, BTC stayed within the 2H cloud(which I discussed the importance of yet again in the video) for 24 hours before dropping a bit, and after failing to get back above it, hit my $9600 target on at least one exchange(Gemini). Still expecting lower though...

Here's the price when I initially tweeted the content seen in the image of the facebook post above.

My "oh shit" line (where I entertain the idea that I'm wrong) is back at about $12,100.

And a bigger chart of bitcoin showing the reaction to the 2H cloud since my last video(click/tap for full-size)...

Some hours later when posting this article elsewhere, I had this to say about it, which adds a little more quickly accessible context to my overall analysis.

The last time I "[tried] to nail a medium-term top", the price was ~$13,700. As always, good luck and trade safe.

Update(07/06/2019 05:15 UTC): A new 1-minute video...

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