BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The down trend is not over yet on long term. From here it can easily reach the $ 5000.

In the weekly chart, we are still very bearish .

If we get a confirmation for an uptrend in the near future, then it is very likely that it will only be a small upside correction until about $8000. But be careful that it will go down very quickly afterwards.

My target: $5000-6000

I'll keep you up to date. Everything can change very fast.
Comment: This prediction would also fit perfectly with the upcoming news on the 14th of february. Because if there is bad news , the entire course would crash.

Next huge support $5000. If this breaks than welcome $1500
Comment: Other possibilities that could happen in a total collapse:



To be honest, the second is very unlikely, but possible. Nevertheless, I think that we will see $2000 only after a bull trap. But everything is possible in the world of crypto,
especially when people do not believe in it.
Comment: We re forming a triangle and it looks like a bearish one. I think it would be a good choice to stay in fiat. This can end very badly tomorrow because of the senate hearing. Charts are also depending on news so...

Dont risk anything. When we go up, than you will have another opportunity to buy lower because I am sure we will see $5000 or even $1500-2000.

Dont be greedy.
Comment: What a morning... I hope you have changed in fiat after my warnings.
For the moemnt, it looks like we are going the way of the 2nd possibility:



There are just too many ways that Bitcoin's history could look like. Even one of the best wave traders has problems with this. Lets see. Maybe I am wrong, maybe I am right. Actually it is the best to watch Bitcoin in small parts.
Comment: My buy target $5850.
Comment: If people want to gamble than buy now. I think we will go up until maybe $6800 and go down again.
Comment: No guarantee... shaky situation.
Comment: I just canceled my order at 5800 and set it to 5000.

I think for now we will have a good uptrend - target 7.5k maybe higher.

After this I am pretty sure bitcoin will crash again - careful!
Comment: If you are in bitcoin or aldcoins, then it's the perfect time to switch back to fiat! From here it should not continue. We can reach maybe max. $9000 which is VEEEERY unlikely.
Comment: *altcoins
Comment:
Comment: New idea, check it out:

 
Comment:
this is more likely to happen than prediction of dipping again today
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thanks for advice
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I really do hope you are right. Otherwise I'm in a big loss. Just closing my laptop now and hoping.
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E55 BrettduPreez
@BrettduPreez,

Maybe I will post an idea, which will let you calm down. But I am pretty sure the uptrend will end today. We wont get higher.
Reply
@E55, thank you.
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what it can do is just double bottom, retest support, but then head to minimum 11k to maximum 15k for more clear signal
Reply
E55 girius7777
@girius7777,

I think we wont see 10k for a long time. This is a long bear market.
Reply
@E55, its just your opinion,you cant talk for everyone. Yes we are still in bearish trend but indicators and news says we trying to go back to bullish trend at lest for short term to see further signals
Reply
E55 girius7777
@girius7777,

Yes you are right, everyone has another opinion and if you ask me, the bullish trend is over for now.

But rule number 1: Never trust news.
Reply
@E55, thats true, buy on rumors sell on news
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