UPDATE — This was a short term call for the price to go down about $300 dollars and it went down about 75$to $8216. A surprising show of 8200 support, subsequent retest and reversal to break last peak occurred. (Higher High) I can’t think of any reasons to be short at this time.
This one will be short and sweet — I’ve been building a smart contract in order to give a use case to this otherwise useless token, more on that later. I also have an article explaining the median math I am about to bust out:
The output from my median algorithm for the last dip to peak:
Median is intended for projecting inpoints and targets for tokens having experienced recent volume and price spikes: m = (h — l)/2 + l Note: manual entry detected: Manual Entry — l: 6854 h: 9194 median: 8024 target: 10364
Healthy pullback comes to mind. 50% pullback brings us near 8k support, have to be careful here, because it could cause head and shoulders condition.
My first target of 9200 was pretty much met here, ended up short $73. I published that call on twitter, because I’ve been busy:
https://twitter.com/snowkidind/status/1217652267081355264
Any case, cryptocurrency is a moving target, get used to it. But feel free to follow me there, too. I try and avoid hype things like CT so if people on CT start calling me sir there it’s over.
Further, there is a somewhat insignificant gap on the CME futures BTC! of an entire $12 to watch out for, just above 7600.
Personally I don’t see any reason to go much lower than that and if it does welp, that will require some deep thought.
More to come…
