ibrahim.bensalah

ibrahim.bensalah

Bitcoin could reach 80K during halving event (> 300% gains) before the bearish divergence will play out killing bitcoin and all crypto with it

ibrahim.bensalah

extremely bullish for the next two years If BTC drops below 40k then look for buy at 30K

ibrahim.bensalah

We have seen the top for now and a correction of around 35% seems logical based on what we have seen in previous bull run, also we need to. Why now? 1. Grazy run in 3 consecutive months 2. Fib level 2 @ 35644 reached (kind of, maybe we have a second attempt on that level and fail) 3. Fib level 1.272 @ 24074 confluences with 20 Week MA 4. Current top connects top...

ibrahim.bensalah

10% up followed by 40% down by end of year

ibrahim.bensalah

If we break the $98-100 support line then target price around $60 which corresponds to fib level 1.272 is very probable. Although it looks like the down trend is slowing down and may form a double botton $80 and go up from there, I will certainly be buying at $80 but will be prepared for further drop to $60.

ibrahim.bensalah

Target price around 50 EUR

ibrahim.bensalah Updated 

I stepped in at 133 7e jan and missed two chances to break even, so I am still hoping for a new push above, despite volume, RSI negative diversion on Day time frame, etc... However the monthly time frame looks great, except it's the monthly.

ibrahim.bensalah Updated 

Target 4650

ibrahim.bensalah Updated 

squeeze between blue and purple channel is about to end in favor of purple. I am waiting for 7500-7700 to go long and forget about it for a couple of days.

ibrahim.bensalah

In My previous idea I had my purple support dashed-line wrongly positioned, so this idea is partly a correction on that. nevertheless, the consolidation took long enough for me to realize my mistake. Many are calling the current formation a bull flag, but I am not convinced we will rally from here. I actually expect before end of today to see a pull back to a...

ibrahim.bensalah Updated 

While many were bullish, I was expecting to reach $7800. And now, A sad realization that further fall to $4500 is also possible, thus I added the bottom red trendline to my chart. A retracement of BTC from $7800 is still in play (see related idea), but if we break below that level then next retracement would be below the purple dashed line which would become a...

ibrahim.bensalah Updated 

Is this what we call the Bull Gartley Pattern?

ibrahim.bensalah Updated 

The current fall needs to go down one more time, fourth usually doesnt happen so I expect a failure of the head and shoulder formation and i expect a long during consolidation till break of the red down trendline to escape the descending triangle then up to 9200. Eventually back to the purple long time support trendline from back in sept 2017, just because we...

ibrahim.bensalah Updated 

Just cancelled my LONG position of BTC after break of the steep rising trendline (gray). I don't play short (yet, not offered by gdax) but I will wait for the $8700 to find new opportunities to go long again. This would also mean that we enter the long term down trendline (green dashed) again, so we should watch out for the break down below 8700$ where a target...

ibrahim.bensalah Updated 

This is my first ever trade of the double bottom with such significance. My target is at $9400, and more importantly breaking above $8800 and confirmation of the double bottom.

ibrahim.bensalah Updated 

I don't see any sign (yet) for a quick recovery of BTC, the purple uptrendline is totaly destroyed and BTC needs to find some new strong support, maybe 9500$ but the 8800$ has in my opinion a higher probability.

ibrahim.bensalah Updated 

General trendline is down as BTC failed to break above the $11700 price and also the price did not honor the rising purple trendline. I can only hope that 9800 will provide a strong support but I am afraid it will not hold for the long run.

ibrahim.bensalah

I just learned about 'Hidden Divergence' and look what I found on the daily scale, Lower High on the price and Higher High on the Stochastic. Short term will be heading lower and target $8900 is a possibility but to be honest I don't think that is gonna hold. This is also supported by the shooting star closing below the major trendline from All time high.