BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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If we ever broke and close below blue line btc will officially lose its momentum, all btc bulls will pray for a proper bounces
Comment: will add 25% more at 9k
Comment: we can also see a blow off bottom up to 7500-8300 with huge buying volume
Comment: on most of altcoins i see a bullish engulfing candles on 4h, just a potential of market reversal, lets see
Comment: so far we gucci :D
Comment:
Comment: so far btc looks healthy, trade gave us good profits, HODL
Comment: closer look, same arrows.
Comment: people in PM going crazy with this panic
Comment: save this picture, thank me later
Comment: yes we can go to 8k intraday but we will never close below 8k, my final words about btc, just watching the market, got any arguments , PM me.
Comment: 20k was just a retest of 2012 uptrend line, we will break it, go to 100k, then retest it as support to around 30-40k, then go higher
Comment: the most bearish scenario for BTC is 8k intraday low with a huge volume spike up to 8k-12k in 1 day, sell targets are fibs.
Comment: curve will still be there on a weekly logscale
Comment: short term will be very intresting, potential 3-4 days of up n down market 10k-11.5k range
Comment: same gartley im looking for days if we still bear, 8800 with instant bounce
Comment: watch this
Comment: wrong pic, here is what we need to look at
Comment: ABCDE triangle very easy to trade
Comment: We breakout as i expected
Comment: read note in red.
Comment: future BTC movements
Comment: correction target hit as expected, now we must be sure we wont close below green line.
Comment: watch out on 4h timeframe, we barely hold trendline
Comment: btc started potential doom market by breaking 10800
Comment: 9600-9200 new support
Comment: btc playing with your emonions, nothing more so far, dont SHORT it, only if we close below 9500 on 4h-daily its a short play
Comment: it can form just bigger patterns,but on weekly support is at 7500, if we break this 9500 level im short till 7500
Comment: if we bull im trading sypher pattern, will give you bear scenario aswell
Comment: worst case scenario for me if we bear, 7500 target gartley pattern complete, epect bounce after to 0.618 minimum.
Comment: 9600 hit
Comment: 9800*, watch daily close now, if we will close below 9600 it will be bearish engulfing on monthly chart, btc is definetely not bullish asa of today, i wanna see reversal confirmation atleast on daily, but will be better to see it on weekly.
Comment: Near who support lines
Comment: this line is also 0.618 retracement, by backtesting hopes of people during BTC corrections they never get what they want
Comment: bounce????!
Comment: scenario i see if bitcoin wanna survive and not enter full capitulation mode to 5k or lower, this lines is the last hold
Comment: target hit, im buying like a monkey here
Comment: who is trading one of my scenarios is a man
get in there and buy up some BTC for me!I am getting rekt! - ...this trendline needs to hold
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Pyrex1lol Blorenz
@Blorenz, 2 months ago we were at 20k, bitcoing keeps surpize with volaltilaty i agree, for me its just a black friday man
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we need 10'8 to held here
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Thanks for update
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RomanLosev RomanLosev
@RomanLosev, Its about time to move....
Reply
RomanLosev RomanLosev
@Pyrex1lol, Broke 10.8 goes down?
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