I keep hearing about an explosion, where is this explosive influx of money going to come from? In the past few months the average trader has been burned badly by bitcoin. A common sentiment I keep hearing is that many wish bitcoin would just die. I don't see any explosion in the near future, implosion maybe?
savenido
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@JCmanner, We dance sideways.... red straight line is major resistance on ichi cloud around 9500..... if we don't break that we can double bottom at 6k. we will not see lower than 6k
ezebit
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I should buy when it hits 7000 or wait for a new low? Kinda confuse here
savenido
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@ezebit, we are in between the 50 and 61 Fibonacci and id advise my mom to start laddering in for the next couple days because by june or july we see 30k
savenido
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@ezebit, ICHI cloud simplified.... if you want 0 risk buy at 9700 the top of red ichi cloud pattern you can draw a trend line to identify exact number ichi clouds when thicker means harder to break thru..... laddering in you don't have to be right.... just watch this chart if we clear the red cloud and it goes green we officially go from BEAR TO BULL
savenido
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@ezebit, Bollinger bands needs time to tighten.... we will see sideways movement until the tighten than kaboom