TheTrex

Bitcoin - Charting the Logarithmic Trend

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This chart is to see where some key trends are forming support, breaking below the logarithmic all time channel would be really bad but that is really unlikely for the time being. If we are in a bearish triangle we could see a bounce around 5k to 6600-6700 then down to 3000. This would be valid until we see the logarithmic downtrend line being broken upwards, this wouldn't mean the market turns bullish all of a sudden but will consolidate at a higher level.
My prospect is and stays that 2018 is a bearish market, and we have to consolidate (reflection phase) what crypto will bring for the future. Future is still blank, stay objective and trade important reversal signals to gain money instead of losing it.

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TheTrex
Comment: This is what I mean with the triangle waves.
Comment: These longer time-frame indicators don't lie, short-term we can see some minor upward breakouts, but in general the major trend is still heavily bearish. You can try to trade the swings, but be careful doing so.
Comment:
Comment: Multi-timeframe MACD
Comment: New Idea
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Ok so target around 6k
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the bulls are back in town baby
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TheTrex Timothie_Roggers
@Timothie_Roggers, It's following this fractal nicely yes
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@TheTrex, we are in denial phrase .. this is bull takes control temporarily then crash... up next is fear where price crashes
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What you think about that CYPHER fractal pattern?
+3 Reply
Good chart boss
+1 Reply
Great graph as always!
+1 Reply
How are your time predictions? Never seen any that are accurate with times,
+1 Reply
Thats what I'll ever need thanks my man!
+1 Reply
You think bear market will last months??
+1 Reply
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