BITCOIN (BTCUSD) Bounce 3-10 days w/ ST bullish divergence ABCDE
BTCUSD (BTC) Daily bars, 040718, 5:43 am, EST.
Michael Mansfield, CryptoPlayhouse
1. BTC is ready for a bounce, for maybe 3-10 days, unless it breaks out to the upside of what could be a wedge.
2. If a wedge or irregular triangle, then we could see the ABCDE pattern I posted. ABDCE's only applicable for actual triangles.
3. Risk is that many MAVs have rolled over and a major LT cycles is down since the top. There is a short-term but high AMP trading cycle
heading up until May 9th, but soon after two other longer cycles roll over and head down into 2019, if i have that right.
There are two longer cycles I am working out that may still be heading up until August 2018 and November 2018,
but I have yet to make a final determination on those cycles vs the ones I have been using that you will soon see in a detailed
Bitcoin cycle analysis.
NOTE: This shor-term bullish outlook is negated if BTC breaks the low from the past two days. If that happens by just 1 ATR, then its
likely far south for BTC until at least April 2019.
PAST TRADE PERFORMANCE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
TRADING CAN BE VERY RISKY, WITH POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES.
This analysis is meant for purely educational purposes. Any trade you happen to take based on our analysis is
for your risk of loss or gain. We have NO liability for your decisions to follow us, here or at another other time,
due to what we write or do. Trade at your own risk or not at all. Our analysis is the current opinion of the individual author
and can change at anytime without notice to those who may have read this. This analysis is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical data AND emerging patterns!
We genuinely hope that you pick up some techniques and learn to profit along the way.
If you find this post interesting and helpful, please click like and share widely. Thank you and good luck!
HAVE A GREAT WEEKEND!
Michael Mansfield, CryptoPlayhouse
1. BTC is ready for a bounce, for maybe 3-10 days, unless it breaks out to the upside of what could be a wedge.
2. If a wedge or irregular triangle, then we could see the ABCDE pattern I posted. ABDCE's only applicable for actual triangles.
3. Risk is that many MAVs have rolled over and a major LT cycles is down since the top. There is a short-term but high AMP trading cycle
heading up until May 9th, but soon after two other longer cycles roll over and head down into 2019, if i have that right.
There are two longer cycles I am working out that may still be heading up until August 2018 and November 2018,
but I have yet to make a final determination on those cycles vs the ones I have been using that you will soon see in a detailed
Bitcoin cycle analysis.
NOTE: This shor-term bullish outlook is negated if BTC breaks the low from the past two days. If that happens by just 1 ATR, then its
likely far south for BTC until at least April 2019.
PAST TRADE PERFORMANCE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
TRADING CAN BE VERY RISKY, WITH POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES.
This analysis is meant for purely educational purposes. Any trade you happen to take based on our analysis is
for your risk of loss or gain. We have NO liability for your decisions to follow us, here or at another other time,
due to what we write or do. Trade at your own risk or not at all. Our analysis is the current opinion of the individual author
and can change at anytime without notice to those who may have read this. This analysis is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical data AND emerging patterns!
We genuinely hope that you pick up some techniques and learn to profit along the way.
If you find this post interesting and helpful, please click like and share widely. Thank you and good luck!
HAVE A GREAT WEEKEND!