Bitcoin - 2/8/20 - Price reversal? I think so....

7개월 전

Shortly after I posted my last blog I was chatting with @cpufronz he was thinking we were headed towards the 10k range. I was defending my reversal position and as I was saying that the price was steadily increasing!! 🤦‍♂️This is why I made no reference of a short, more of a buy once prices go down. Finally it seems we are running out of steam. Let's check the chart...chart2820.png
Bearish divergence means a reversal. No need to update targets as they really haven't changed, because we really haven't gone up to much in price. I will only adjust if we go up more, which would disprove my count. Let's wait and see! I still am thinking reversal to the 8.7/8.4 range before 10k. This is not financial advice, this is my trading journal. Good luck and good day!

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We reached 10k 😃

But now I don't really know where we are going next. I think that the price will hang around in the 10k range for a while. Personally I'm hoping for the 8k levels you mentioned, but Crypto is crazy and therefore the 13k we had last summer are also possible.

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You were right sir!! And my count is wrong! Back to the drawing board!

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