majorlee

Bitcoin Bull or Bear? 2nd full moon of January 2018 [BTFD]

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has reached a level for me personally where the fee's are not playing to much of a problem but still the buying continues and the bulls get back there power after some recent dumps below $10k

Question is where are we going next?

looking back at previous years we start to enter a bit of a downtrend in the fractals but many things has changed for bitcoin this year with adoption, futures etc

also looking back at last mooncycle earlier in Jan we had a apres full moon rise and the new moon took it further down towards the last major low, u can see clearly the Moon indictor new moon (grey) and full moon (white) circles next to the peaks and troughs :P

using the GANN FAN i will short if we go below the red lowest area or go long if we can keep up the buying into the purple areas and upwards

black dashes are the fib levels

bounce buys around 11k areas but keep stops really tight here
Jan 29
Comment:
fib levels with values :@)
Jan 30
Trade active:
Death Cross on the 4hr chart
So you think it'll crash under 10k for long time?

Reply
majorlee JHK2020
@JHK2020, not for long no, will be a double bottom i expect after the bounce

will look at $7,5K at a good buyin but if it goes to $6k or lower we could see a bear market and major downtrend emerge
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out