Where Will This Correction Stop? | Eric Krown

On Bitcoin

Guest Eric Krown · not counted as Crypto Banter's view.

Views

• Next weeks (next 2–6 weeks): Leans up: we'd kind of be expecting at some point probably in November, you know, Bitcoin starts to catch up with us. ▶ 08:31
• Next months (next 2–6 months): Leans up: that just generally show Bitcoin's going to be higher within, you know, especially two to three months. ▶ 16:44
• This cycle (next 6–18 months): Leans up: I have to remain long-term bullishly buys as long as Bitcoin's above there. ▶ 09:57

If this, then that

• If Bitcoin breaks below this month's low at 79,700 on a daily close, then 76–77k (next weeks): this month's low at 79700 then yes I would certainly reconsider um espec especially the short term I do think that Bitcoin would be coming down at least you know 76 77,000 ▶ 09:34

Levels named

• 86–87k: Resistance (current highs he expected to be rechallenged by now): be, you know, rechallenging the current highs uh the current highs, I mean about 86 87,000 bucks by this time in October. ▶ 01:50
• 83.6k: Resistance (price needed to close October green): it would need to pop back above 83,600. Not impossible, but eh seems a little bit further away right now personally. ▶ 12:15
• 79.7k: Support (this month's low, tested repeatedly, based on the mid-September spike low): if you want to be super exact 79700 as long as Bitcoin's above there yeah it doesn't look amazing right now ▶ 02:40
• 79.2k: Support (the 5-day 21/55 EMA cross holds while price closes above this level): this cross will hold effectively as long as Bitcoin's above 79,200 on a 5-day closing basis. ▶ 05:32
• 76–77k: Support (last point where he would still stay medium and long-term bullish if the correction extends): Obviously, I I would be looking somewhere between 76 to 77,000 bucks. That would be the last point realistically that I would be still willing to be long-term ▶ 42:14
• 75k: Their view is wrong past this (previous low from September 14th or 15th; losing it would invalidate the long-term bullish view): the previous low from September 14th or 15th at 75,000 bucks I have to remain long-term bullishly buys as long as Bitcoin's above there. ▶ 09:51

Their own position: Not said.