RaoulHayes
Short

Another Burst Bubble?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Organic growth seems nowhere in sight as BTC continues to make parabolic moves fuelled by questionable means. Some say the entire market is simulated and just being held up by Tether and Co. Rampant manipulation and wash trading keep Bitcoin a niche asset which is far from worldwide adoption.
Here is my analysis, you'll see the use of a Schiff Pitchfork and Fibonacci Spirals to create this effect. The use of these tools produce clear Support/Resistance guidelines and a blueprint for the future.
The next target is roughly 7200, then we move into the 65xx's. :D

Risk management and proper position sizing. You don't want to get rekt in one trade. You want to slowly grow your account into something formidable.

All the best to you! :D
Trade active: The entire structure we're in seems to be a manipulated bear flag...
Comment: All hail the magic pitchfork! :D
Comment: It's breaking down...
Comment: This looks pretty good to me
Comment: An update on the bear flag we're breaking down from..
Comment: Looks like short term pump incoming
Well said, good work.
Reply
@Janeka, thanks brotha
Reply
You have been killing it lately sir. Nice work
Reply
RaoulHayes HeisenbergBTC
@HeisenbergBTC, "You're GODDAMN right I have!" Hehe excuse the Heisenberg reference. Thanks buddy :D
Reply
Interesting trend lines. Thanks for sharing.
Reply
@Scygon, you're welcome! :)
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