BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In the last 5 relevant corrections of BTC             , price touched bottom at basis line of 20 periods Bollinger Bands , I think it will do it again for 6th time.

At the moment basis line is at $2977

Basis line is going to go up a little anyway while price falls (about 3000-3300 area).

After correcction price will probably go to $6000 as a Fibonacci projection .


Note: Trade at your own risk, this is an especulation.
Trade active
Comment: Price bounced nice on target
Comment: Morning Doji Star appeared (reversal candle pattern, bullish)

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Comment: Every rally needs his throwback
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Comment: Reversal trend to be confirmed this week (weekly candle needs to close above 4200)
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Comment: Clear elliot waves, ABC correction soon.
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Comment: ABC correction now
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Comment: Buy alts many days before 25 Oct, the will be cheaper than today
Sell weeks later
Comment: Morning Doji Star confirmed, now wait for a rally to 5000
Comment: Price testing All-Time High
Comment: We have new All-Time High
Comment: Here we go 6000
Trade closed: target reached: 6000
@carlosdelagarza do you think BTC will go for 3500$ after raising again ? And when it will fall will fall all the other currecies together ? thx
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carlosdelagarza MMA_Fighter0591
@MMA_Fighter0591, I don't think so, 4000 would be the correction in the worst of cases, but no more under 4000.
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Every rally needs his throwback
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After BTC hit bottom around 3000 may form triangle, wedge or flag or other formation, but i doubt in the straight way to 6000 after 40% drop from ATH. And only after bouncing from this formation can go higher to 6000-10000. Creating that formation will be painful for hodlers.
+2 Reply
orminlange orminlange
After breaking 3000, bitcoin can also drop to ATH from previous bubble (around 1200USD), everything is possible. Crypto investments similar to forex and stocks are very risky, so i prefer scalping. The only investment that i made was XEM and i plan to use this bubble bursting to buy more XEMs cheaper (maybe 15, 10, or 5 cents). I believe in 2 years from now XEM (and technology behind it NEM) will replace Bitcoin or other shitty alt like Ethereum, as a main cryptocurrency of whole Cryptomarket.
+1 Reply
@orminlange, From 3000 to 5400 at the moment
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orminlange carlosdelagarza
hah the street buys overpriced Bitcoin. Disd You saw that my predictions, made after bump from 3000?

{image]https://www.tradingview.com/chart/BTCUSD/dXTsJTQc-Situation-after-full-moon/

I play what i see not what i think:)
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orminlange orminlange
thats proper link
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orminlange orminlange
So i 'am long since 4330, with main target @ 6700. And market gave me sucess, altrough i dont believe in Bitcoin in longer run. It's obsolete technology even with segwit.
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orminlange orminlange
The crash after this bump of BTC will be epic for me (look 5000 to 3000 flash crash, should be similar, let's say from 6700 or higher to 5000 or lower), and all the alts, that not participate for now in this bullrun will be dumped hard. When i see parabolic rise i seek plays to close positions, not for buy.

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And i use no logarithmic scale this time, cause that is used by dreamers not realists:)
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