Where is Bitcoin headed? - Bitcoin (BTC/USD)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is not exactly an analysis nor is it a parody. Each of the available paths on the chart is based on what I think will likely take place (not ruling out the bloodbath). Instead of always being the analyst to tell you where Bitcoin is headed, let's switch roles for once. Wear my shoes or a whale's shoes and tell everyone which path you think Bitcoin will most likely take.

Could it be the (1) Rising Wedge with a ceiling of $7300 - $7500?

Or how about (2) The Double Bottom around $5800?

Or maybe the crowd favorite, (3) The Triangle Saw of Blood?

Time will reveal whether you make the right choice! Please comment your answer below.
Comment: Only a few brave souls have the courage to give a proper answer. I salute you! Here is mine...

Trade closed: target reached: We reached our target. Congrats, guys! It's late so I am done for the day/night. I will post a new analysis tomorrow. Meanwhile, you may refer to this chart below:


Stop Spamming tradingview
+1 Reply
WyckoffMode Behrouzzz

It's cool... I don't mind him posting his "ideas" in my publications. In fact, I encourage everyone to do so.

If someone wants to say my analysis is wrong, that is fine. However, they should do so with an idea of their own. Which he has done and I respect him for investing the time and effort to post an idea. If either one of us make an error/mistake, it's important we learn from those mistakes and share with others what those mistakes were in order to avoid making similar mistakes in the future.

If I make an error/mistake, I take the time to explain what the mistake(s) were and explain what can be done to avoid similar mistakes. For example; read the first paragraph in this publication:

+1 Reply

all this fits holding the log trend from day 1
rising wedge
+1 Reply
bibboyne miladniki
@miladniki, looks like you were right ;)
+1 Reply
miladniki bibboyne
@bibboyne, i like it because you remember that
i loved your speech,,,,,,,nice and smart
+1 Reply
Is there a way to remove spammy traders like you? I mean to choose to not see you in the same trader news feed as others when browsing. Your posts on other people's comments section is really sad.
+7 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out