What this chart shows is the potential emergence of a symmetrical candle sequence that will drive Bitcoin to a sideways consolidation phase for the next 6 months. The same pattern was developed after the ATH with a strong Channel Down towards the 6,000 low followed by a sequence of successive Lower Highs that narrowed down the price action so much leading to the November - December sharp decline and the recent Lower High. So far this is the common factor between the two patterns and the similarities lead us to believe that an identical Lower High sequence can be followed.
This is aligned to the general long term outlook of BTCUSD based on its historical volatility within the parabolic curve. Most models suggest that if the recent low was the long term bottom, Bitcoin will consolidate for an average period of 6 months in preparation/ accumulation of the next bull cycle. See our long term studies below and tell us what you think:
Odds are below 1%.
Below 0.0001% even.
Never been so sure, would be my life on it lmao.
duot
⋅
Thank you! have stops at 4k too.. looking forward for extended consoldation :D
would appreciate your feedback, support on my chart ^_^
+1BTCUSD@3600 - PL: +120(+3.3%) - TP 20%
martinlih
⋅
I don't see sideways action over the last 12 months....
What's going to change?
Better coins are being developed now. BTC is dead...only being kept alive by whales who pump and dump the market. Pick a few strong alt coins and watch them rise as they eat into BTC's market share.
cryptoezvip
⋅
Ding! Ding! Ding! Ding! The BTC train will depart shortly...
abd17mou
⋅
No. We are just preparing to the next free-fall.
No consolidation over $2000
SonicDeejay
⋅
Thank for sharing and allow me to share my view On BTC/USD (15 Jan 2018)
Markets can be very predictable, as they are formed by people, and thus they behave like people!
We expected a swing around 3,500 and it happened.
Now it should be on its way toward $3,800 again.
-------------
Our Analysis
-------------
LONG (entry is valid as long as the price is above $3,000)
SL $2,820
Below 0.0001% even.
Never been so sure, would be my life on it lmao.