its a structural HNS Jan 2021 Left Shoulder, Feb to May Head (Distribution), From May end till now Right Shoulder - i see it going down and settling at 19500-21500 levels
rimsonlobo
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@SumukhK, true seems distribution will make an lps and again falll .
khajazaffer
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@SumukhK, Which means that BTC will never pump to 60K+
SumukhK
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@khajazaffer, to me its an overhyped medium of trade - its not a company which has a product that has value, it not making profits and its bought by dollar and other currencies and called crypto currency - whole thing is a scam, i stay away from trade perspective but look at charts closely, feel bad people losing money on crypto's which is swinging on one persons tweets
khajazaffer
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@SumukhK, I have bought BTC at 44K and facing losses bro. Would you tell me any crypto which has any gains. I took a lesson from this and even if I get my money back it would be great.
dhinesh_kumar
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@khajazaffer, BTC can reach 60k+ in coming months. The trend is reversed.
SumukhK
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@dhinesh_kumar, easier said than done, the one who is at a drawdown of 20-40% they know how bad it is
dhinesh_kumar
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@SumukhK, I'm not just saying. I have done analysis so I know it can happen.
SumukhK
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@khajazaffer, never ever invest where the herd is - the wolf / tiger always attack the herd and gets the meat easily !!