The Importance Of The 1st Quarter Low . . .
I was just now having some fun and thought this deserves a tweet.
Tone Vays random number generator picked the quarterly peak. Only problem is when do you sell it? The low was 4,133 and the high 19,891. So it gave you the right quarter but not necessarily the right price.
Now according to Tone after a 9 we have a 1–3 candle reversal and resume the trend. We are on candle 2 and only have two more weeks to go this quarter.
The bet with Doug Polk is bitcoin will break $6000. We are almost there . . . but. . . close wins no cigar. . . except in love and grenades. https://www.youtube.com/watch?v=jSoimtoBlQg
Bitcoin is always full of surprises. . . . Would not surprise me if both prove to be right. I think many of us are looking or hoping for the crash below $6000 ASAP. But again we must break the 1st Quarter low to do this. Basis says $6000 is unlikely to be broken, at least for now.
Won’t it be fun if we resume the uptrend, double top, somewhere between 15k and 30k and then crash through the $6000. . . . . this is not a prediction.
But these are the times we live in and good traders are mentally prepared come what may.
UOG
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