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Will bitcoin rebound from $20K now?

FUD or FOMO that’s the binary state of every crypto investor until the price is far enough from the initial entry point that you no longer care
Its fine with me if i miss the bottom or top -the last eighths are the most expensive eighths in the world.If i can catch 75% of a move then it should be enough.

Waiting for 10k btc to be honest.
CryptoTrader87 is that name relating to the crash of 87?
 
Everyone is talking about the obvious bear flag. The stock markets tanking today did not help.

a bear flag.png
 
It's first time for month over 23K since yesterday. It looks like it's starting to rise right now.
It is rising because the stock markets are rising. It will fall when the stock markets fall.

Bitcoin failed as an alternative everyday currency. It failed as a stable store of value. It failed as an inflation hedge. It failed as an alternative investment that is not correlated to other assets.

Now, the world patiently waits for its next failure.
 
But when? That is what everyone wants to know, oh wise Dalai Lama.

That bear flag looks mighty similar to the previous bear flag, where price went from $30k to below $20k.
I dont know about bear flags as i am not an exceptional chartist.What i do know is equities are hitting their 200DMA and there is atleast one sucker rally in a bear market that hooks the bulls first and then slaughters them.So all those going long i wish you good luck if you make money.Otherwise my downside target of 12 k remains.After 23rd July we will find out.
 
It is rising because the stock markets are rising. It will fall when the stock markets fall.

Bitcoin failed as an alternative everyday currency. It failed as a stable store of value. It failed as an inflation hedge. It failed as an alternative investment that is not correlated to other assets.

Now, the world patiently waits for its next failure.
Not accurate at all. In a liquidity event, its normal all assets except usd goes down initially. Even the great gold does that.
This year is highly deflationary for example. The CPI numbers are backward looking.

I dont know about bear flags as i am not an exceptional chartist.What i do know is equities are hitting their 200DMA and there is atleast one sucker rally in a bear market that hooks the bulls first and then slaughters them.So all those going long i wish you good luck if you make money.Otherwise my downside target of 12 k remains.After 23rd July we will find out.
This TA nonsense is anyway just astrology for men. You have no loss being "not an exceptional chartist".
 
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