Bitcoin - Buy the dips.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Gann Square:
1. We hit the 3rd arc, and will attempt to pass through it this year and part of the next possibly.
2. In april it will pass through the second vertical line, look at what happened when it crossed the first one.
3. We are still above the 1x1 line.
4. The next big rally will start after breaking the 3rd arc.

Fibonacci Timezones:
1. The last blue one, was just before the bull run from 7 to 20k. Next may happen after breaking out the 3rd arc in July of 2019.
2. We a close to a fuchsia one, which may indicate a correction within the 3rd arc that will last untill we breakout.

I believe that BTC             will hit the 1mn USD in several years. My plan is to buy the dips untill then with money I can afford to lose, in case some "cryptocalypse" occurs.
Comment: I can totally see this happening...
Comment: There is a huge hidden bullish divergence in the weekly chart.
Order cancelled: Rejected hard from the downtrend line and every time it enters the third arc it gets rejected.
I'm neutral now.
I like this chart also, I see the resistance line (circle?) is being tested. Will be interesting to see how the week closes.
What is your target for this year?
Vold316 Ero23
@Ero23, Well, I think that I'd take some profits in may, if the price reaches 40-50k. If it doesn't break ATH, I'll just HODL, and buy the dips.
wow! I like it.
+1 Reply
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