PentarhUdi

Some short term thoughts

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is not more than 4 months prediction, as I spotted new bullish channel . According to my idea price may reach ATH area in 2 months with following some triangle-like consolidation. For EW lovers - I think price is in starting local III wave with all 3rd-wave-specific bullish drama around. Wave length is around 2 months.
Comment: I see people surprised why am I sharing such bullish idea while Bitcoin experiencing flash crash. This is obvious for me, I didn't mentioned...

$10k area was strong resistance for a long time. Price can't just penetrate it and go up without retesting. So Bitcoin experience a pullback to $10k to ensure it is support now. So I expected this move and it is absolutely normal for me. Of course, if 10k will hold :) I am sure it will, if not - this idea is shit.
Comment: Looks like Bitcoin doesn't like my lower trend line for a while...
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