BitcoinGuru
Long

The Bitcoin Megabull Cycle - Still Alive, Come back in September

BITSTAMP:BTCUSD   Bitcoin / Dollar
This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin             Megabull Cycle but this one is based another of my studies on the fractal of 2012-2013. The previous rally to $790 was actually supposed to fail and I did not notice this until I studied the charts and history further.

The good news right now is that Bitcoin             should bottom at $610 and stay above it for the megabull to resume thanks to an inverted bullish H&S https://t.co/OUFPFn6Oxn and an ascending triangle as seen on my charts and here
snapshot
. (please cut your losses if we go under $610 don't take any chances and rebuy at $585-590 even then the risk to the downside is high - ensure you use a tight stop loss)

Bitcoin             will consolidate in the ascending triangle and on halving day blow up to retest $770-790 area. There it will consolidate through sideways between $790-700 or it could even do bigger swings in the ascending triangle just like at $400 until end of August/beginning September. I put an approximate date of August 25-28 for now and once we get closer I will be able to be more accurate with the breakout date. From there we will be able to continue our journey way higher as we head to the "moon". If we manage to hit $1000 Bitcoin             could get higher due to increased media coverage and more interest / hype that will bring new money in to the market.

My conservative targets are: $1120, $2800 and $10,000 to $15,000 per Bitcoin            
The current fractal maximum potential target is: $10,000 - 15,000

I am here to help. Feel free to ask me questions or Private Message me directly.

Also follow me on Twitter: https://twitter.com/BTCEliX
Also check out our new website in our profile (still work in progress!)

Where can I register and buy/sell/trade Bitcoin?

Bitfinex Signup: https://www.bitfinex.com/?refcode=355QQTAC0A (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC             to the account you can trade without needing verification!)
Okcoin Signup: https://www.okcoin.com/?invid=2024136 (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there)
SimpleFX Signup: https://simplefx.com/?sfx-r=bae43264-800c-4429-8287-05463c043814 (High leverage - Accepts Worldwide users)
Circle Signup: https://www.circle.com/invite/6ILRYJ (US & UK Residents Only)
Coinbase Signup: https://www.coinbase.com/join/52991e5e702d08b8bc000153 (Accepts Worldwide Residents)
BitMEX Signup: https://www.bitmex.com/register/T7LaSL (Offers 50x leverage - Accepts Worldwide Residents)


If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month!

If it is your first time trading Bitcoin             I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
Trade active
Comment: Hi all we've been waiting to see how the Bitcoin market recovers after the Bitfinex hack/dump to $470, it has been extremely slow (definitely not like the Silk Road seizure dump and megabull). So if another cycle was to occur it would be after November 2016 to March 2016.
Comment:
snapshot
Don't you mean Nov 2016 to March 2017?
Reply
BitcoinGuru rivet.popper
yes correct Nov 2016 to March 2017 range for the megabull cycle
Reply
What do you think now that so much time since forecast has passed? Not much going on halving day + bitfinex put spanner in works. Still seeing mega-cycle mature?
Reply
good call on 635 retest.. that's what i call true professionalism.
+1 Reply
BitcoinGuru blackswan
your welcome! while we predicted $635 a while ago those fakeouts tend to wick lower especially on this halving sell the news dump, Best thing is to hold in time like this and not to get over emotional.
As long as $610 holds we believe Bitcoin will chop at the 635 level before moving up eventually in few days to $770-790
Good luck!
+2 Reply
blackswan PRO BitcoinGuru
thanks for the quick response! please keep us updated! had a quick glance over your past trade setups and i'm impressed. kinda regret not having following you earlier... lol..
+2 Reply
BitcoinGuru blackswan
will definitely try to as long as im front of the screens ;)
+1 Reply
:-)....hanging tough
Reply
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