rexlomax
Long

Bitcoin the Future

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin is heading to 1000$ everybody knows this, thats why this trade is risky.
The cloud is my protection; my stop loss

Hope you enjoy the upcoming fun.
Comment: Bitcoin becoming more scarce each passing day
Comment: I guess bitcoin just decided to cut the first set of arrows lol. It's better if we climb steady.
Comment: We can make a stop around 880, before going further
Trade closed: target reached: First resistance just got hit around here (890), i'm selling some bitcoins letting the rest to ride the craziness
Comment: Almost to my second target! lets go
Trade closed: target reached: Arrived at destination. it's either bubble mode or a correction...
Comment: i woud say we have entered in some kind of bubble phase
Trade active: Bought bitcoin at 700s again.
Trade closed: target reached: Last leg is coming, brace yourselves. Either double bottom or a new downtrend has begun.
Risky for vzla?? I don't think at all
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rexlomax PRO NikolaiPietro
@NikolaiPietro, for everybody
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Weldon.Good analysis.
I hope .we will see more good analysis from you . Have a nice trading season.
Good luck.
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@Khawaja, i intend to do much more analysis, stay tuned
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hmmmmm

So you see a head and shoulders in the near future for BTC, just as I see one in the near future for XMR.
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rexlomax PRO ProwdClown
@ProwdClown, yes but now that the first two arrows didn't happen, set up has change.
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@rexlomax, I see. Also, I just noticed. Yours covered a longer time frame than what I came up with on XMR. I'll stay tuned to your BTCUSD analysis.
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great one. thanks
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@tipua411, thanks to you!
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"some kind of bubble phase" -> LOL :)
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@janos666, it broke channel hahah, what do you think?
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janos666 rexlomax
@rexlomax, It's not like I disagree. I say LOL because I find the euphoria funny (but euphoria means bubble...).
Although, I think I wish to see this broken before I call it a "real bubble".
snapshot
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Nice! that's a clean chart. I think either it's close to the top as you point out or we will go into insanity with 1500$, 2000$..
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Correction confirmed
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Nice call!
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