anilmangal

THE END OF A BEAR MARKET IN BITCOIN

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin is in a weekly bear market (correction ). We are in the C wave of the correction and now completing the 5th wave in a "wxyxz" five wave structure. The completion of which, will start an impulsive wave to the upside.This is very much in line with the forecast on EURO             , Aussie, CAD, Yen, Gold             , Silver             , etc. We should expect a huge fall on the USD!!
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I think the opposite is true. We are at the start of a new multi-week bear market after we had several bullish weeks from January to March.
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ChartArt ChartArt
Ok, your bearish to bullish outlook is more fitting to my idea than I thought, I hadn't zoomed in your good chart.
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:)

+3 Reply
Hi, to clarify, you're targeting a $60 low? Thanks
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anilmangal PRO johnrfraser
The down target cannot be seen on this chart , we can see the end of the Z wave in lower time frame 240 or 60 mins chart . I will post that later.
+4 Reply
johnrfraser anilmangal
Is it less than zero? Am I going to be paying folks to take my coins soon, rather than just losing them on my own?! ;-)
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Good chart. I agree.
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anilmangal PRO MoonTrader
Thanks Moontrader !! :)
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$65 seems completely possible. I'm keying on a possible double bottom at 165 but if selling is heavy...it could plow through wayyy down.
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I don't predict price ,i look at the chart structure , so to know where the turn will happen I used the 240 and daily charts , If you know wave patterns you will understand what i'm looking for .
+4 Reply
Still, where the C point will be is an issue. What would you say? Around $50s?
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anilmangal PRO OccultTrader
same as i reply above i don't focus on the price I read the structure
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Quite the contrarian aren't you?
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If that's what the chart says :)
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I found a newer similar chart idea:

Big picture.


Big picture.
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When do you expect the fast drop below 100?
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will follow on lower time frame Sanford,thanks for the likes hope the MODERATORS don't think you are a fake ID.
+6 Reply
So X not complete yet?
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