BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Take reveal market in last several days, did we sideway ? Why the market did not pump ? When we break out Triangle pattern and break up Neck line, regularly we must pump very strong and fast with big volume but why we did not ?

As I consider everyday, we are in the battle of Bulls and Bears. Now we are nearly with the level price of last peak at 43xx$ and each time we reach 42xx$, the Bear occur.

Now the market is very difficult to predict. Lot of technical expert they stay out for watching the market and wait clearly signal for entering with safe.

But I am stay here for updating for all you with new post in today. Not like many time before, I just give all you 1 way, today I give all you 2 way for consider and I will explain detail for you how it going and why !

Look back the chart and revealing about that.

We are in wave iii of (3). That mean we must have strong bullish right now but may we have Bullish Flag pattern. We have been broken Triangle pattern neck line in 40xx$ in each several days ago, that is clearly signal for us can hope about the higher target in middle term.

But when I watching market with resistance in 43xx$, I must give you 2 cases in this time.

We have Bullish Flag pattern in short term and uptrend parallel channel , in short term we may reach 43xx$ soon as Technical analysis show very clearly.

But we know the market right now has been manipulated a lot. From the end of wave iii , we have 2 cases. We will correction down to 41xx$ follow wave iv and keep going up to 46xx$ as last of wave (3) and we can have another chance for buying in 41xx$ in wave (4) and take profit in wave (5).

The case 2 is the market can not hold us upper 41xx - 42xx$ after we reached 43xx$ and we must go straight to 36xx - 37xx$ for building strong support in here again and wait for next bull run.

All information I give you are in the chart.

Good luck and LOVE ALL <3 <3 <3



The similar of Bitcoin from the past
Comment: We have been manipulated and dump strong, wait for next several with the close price of 4H candle.
Comment: Guys, I will candle this idea. After posting we have been dumped and I will keep all you update in below this post . Thank all you guys !
Trade closed: stop reached
Comment: This is update in 4H chart

Comment: As the last time, I give all you buy zone in 37xx - 38xx and keep holding for middle term. Also notify that you can take profit a little and watching market for higher target. When Bitcoin go upper 40xx, it is just for taking profit, not buying time as I mentioned in many chart. So who buy above 40xx$ in last time, I will find another way for help all you when I see market has signal for bullish in short term.
Comment: We are in good support so do not worry, FOMO for selling right now is worst. Came down and wait for bounce back wave to get out or going higher. I wont think that we will see lower bottom like 28xx or 19xx if we just bounce back to 43xx$ as the highest point last time. We need higher target in middle term before the bottom in 2019.
Not looking good. BTC is still going in downtrend.
I've told you that is not the case for elliot waves....
the latest update an hour ago is a bear flag. cannot become a bullish flag. The only support before we go back to 3.1k is 3,560. We break this again a retest of lows will happen. Now this doesn't mean btc can't make a bullish impulse and go back to 4k. but that cannot become a bullish flag for obvious reasons.

WolfpackCrypto WolfpackCrypto
just realized his latest analysis is 12hr candles...i read as 1hr candles. disregard.
+1 Reply
Thanks a ton for your work! I agree with a lot of your analysis.

I've built a Wyckoff Accumulation schematic for Bitcoin. This is based on the notion that $3.1k is a temporary bottom and we will only be doing spring tests to garner extra demand for a push up over the next few months in a larger accumulation range:
+1 Reply
Get rekt noob.
+8 Reply
technical dont work for manipulated coins
+3 Reply
You are a great technical analyst @xuanhaimmoer but this game is about something else - unfortunately! I would just like to leave an article here for those who are trading bitcoin and other cryptos: "Certainly, price manipulation would never be officially sanctioned by the SEC. However, it's possible that individuals with knowledge of the decision at the SEC could take advantage of this, even though such insider trading is illegal in the securities world... etc. - https://www.investopedia.com/tech/bitcoin-vulnerable-sec-manipulation/
+1 Reply
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