FUNTRADER-Vera

Dec 29, 2017 8:07 AM

Update BTC analysis Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 29, 2017 8:07 AM

Traders,

Update BTC here.
As chart shows, BTC is going to have a 3 waves (ABCD) trend
to retest the long-term trend line.
If BTC could make a higher position, that could be 20k to 22k.
After that , we will see a huge wave 3 sending btc down to 9000 round, as our last chart analysis.

Less is more!

Comment

⋅ Dec 29, 2017 1:38 PM

Comment

⋅ Dec 30, 2017 12:46 AM

Comment

⋅ Dec 30, 2017 12:47 AM

C is still not confirmed as a valid support.

Comment

⋅ Dec 30, 2017 12:47 AM

Now BTC is still bearish.

Comment

⋅ Dec 31, 2017 1:02 PM

C is valid as a support right now.

Comment

⋅ Jan 4, 2018 4:31 AM

Trade closed: target reached

⋅ Jan 16, 2018 10:25 PM

Comments

JustJesus

⋅ Dec 30, 2017 1:38 AM

Doesnt it looks like head and shoulders have formed?
Thinking about selling btc.

FUNTRADER-Vera

⋅ Dec 30, 2017 5:20 AM

@JustJesus, yes, correct.

Leon_Jiang

⋅ Dec 30, 2017 5:54 AM

@JustJesus, should short now or wait?

std1kk

⋅ Dec 31, 2017 1:07 PM

Looking forward to changing the trend for the bull?

miomor13

⋅ Dec 31, 2017 1:05 PM

hello! thank you! you think that we will go to 17000-18000 now..?

cryptomizer

⋅ Dec 31, 2017 1:03 PM

Let's see how it played out. Thank you! Happy holidays!

Cradlethebomb

⋅ Dec 31, 2017 1:00 AM

We're still on the path of a 1day ABC correction. Correct? Looks like an amplified repeat of 1st drop, starting 12/17. Almost identical. Looks like a drop to 10k ish before we go sideways for about a week then bottoms out at around 5k-6k.

Acosmism

⋅ Dec 30, 2017 5:40 AM

Is it testing the resistance ~13k right now? Or I'm wrong ?

Leon_Jiang

⋅ Dec 30, 2017 5:52 AM

@Acosmism, looks like. I am waiting for a higher point to short until 9000-9500.

Cradlethebomb

⋅ Dec 31, 2017 12:46 AM

@Leon_Jiang, 1hr candle: on the first drop the movement respected the MA 100, and the cloud. I'll be surprised if it passes 13k. If so it'll bounce of the 1hr Bollinger, near the 50 day MA.