Price Down, Pick Up!

BITFINEX:BTCUSD   Bitcoin / Dollar
373 9 4
--- UPDATE: There is a reason why I placed the long-entry zone into the future, because of a lack of uptrend confirmation. Fail!

After so much selling this can now be a bottom for at least a few days.

Therefore I say: Price down, pick up!


I was very bearish , but I'm not anymore since we finally had a massive wash-out of weak hands which cleaned up the market. I mean I'm now bear since July/August 2014. All the bullish scenarios I posted were just scenarios and I wasn't a bull . Back then I didn't expect that people think I trade everything I post. And I couldn't have known that Tradingview integrates a feature showing where you marked a chart as long or short, that's why you see some green triangle dots on the chart above. Now I post chart as neutral when it's a far fetched out scenario I'm not actually believing in.

I began to be a bear several months ago when the price dropped below $610. This was when I posted this chart below. My lowest expectation was $400-$450:
Bitcoin is facing a larger correction

To keep it realistic I thought $450 will be the lowest low:
3 Bitcoin short targets and a Buddha quote

Then I told you here in the summer that Bitcoin is doomed, adding also lots of charts in the comments, but the reaction to all this super bearish information was almost zero, some comments were even downvoted:
The real reason Bitcoin is doomed in Summer 2014

And my "One Secret Chart Of Bitcoin Bulls" chart was actually a joke. I originally wanted to change it to show how bearish the chart is, but gave the bulls a last chance to show their power, because the bear trend was still so tiny back then on the grand scale of things. Obviously the bulls lost.
One Secret Chart Of Bitcoin Bulls

I then got so bearish that I looked for a very low price target and ended at the nice number of $333. As we know today even that low price target was not low enough:
Bitcoin price doom analysis - Why Bitcoin might crash to $333

And then Bitcoin didn't bounce where I hoped it would at $450:
The easiest way to decide to buy or sell Bitcoin

So I became super bearish and posted:

"The Bitcoin Economy Is Collapsing With No Sign of Recovery"
The Bitcoin Economy Is Collapsing With No Sign of Recovery

"Why Bitcoin might crash to $85-$110"
Bitcoin price doom analysis: Why Bitcoin might crash to $85-$110

"The Bitcoin Bears Are Back"
The Bitcoin Bears Are Back

"Suspicious. Bitcoin misses Christmas?"
Suspicious. Bitcoin misses Christmas?

"Take Care: More Bitcoin Bear Scare"
Take Care: More Bitcoin Bear Scare

When is enough, enough?
Related idea by SPYderCrusher: "small claiming victory chart, target hit"

Related idea by alste: "are we about to witness a miracle"

ChartArt ChartArt
alste also posted:

"bfx above long term support and bouncing of channel support - double support. high probability trade to go long here"
Related idea by RelaxIKnowWhatImDoing: "This might just be the perfect bubble in the making. "

Perfect Bubble in the making?

Perfect Bubble in the making?
Related idea by user100000: "primary wave 5 target"

looking forward... primary wave 5 / cycle wave III target

looking forward... primary wave 5 / cycle wave III target
Related idea by ioxoi: "Any Bitcoin correction is at least 50% the previous maximum and corrected by 3 waves."


From psych signal: (sentiment gauge)
121.43% less bearish compared to a 1 day average.
232.35% less bearish compared to a 7 days average.
246.15% more bullish compared to a 30 days average.

Today's sentiment is 61% bearish and 12% Bullish. Will we have to wait and see how the Bitcoin world reacts to this weeks price decline. Beware of Bitcoin miners stepping out.
ChartArt Rashad
If everyone throws in the towel now, we could go down to $100

Bitcoin price doom analysis: Why Bitcoin might crash to $85-$110

Ultra Bearish Bitcoin Future Scenario: "The Final Leg Down"
Looks like a bear flag.
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