weslad

BITCOIN!!!! Could this be 2014 Really!!!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
COMPARING 2014 with 2018

Hello guys,

Its been a very hard year for us with everything giving RED. There is fact in the saying that 2014 and 2018 price movement resembled.

Here are my findings:

Important feature with date:
In 2014
Black straight line indicated yearly low with 166.1usd
Red Vertical Line pointed at the yearly low at 166.1$ This happen in JANUARY 2014.

Black Verical Line show the first approach of price on the re-test of the low and bounced off. This occur in APRIL 2014.

Green Verical line show 2nd attempt on the low and this bounced off to begin the real journey of new uptrend. This occur exactly in AUGUST 2014.


Now 2018
Black straight line indicate present yearly low with 5755usd

Red Vertical Line pointed at this present yearly low at 5755$.This happen in JUNE 2018.

Black Verical Line show the first approach of price on the re-test of the low and bounced off. This IS HAPPENING right now in AUGUST 2018.

PROPOSED Green Verical line will represent 2nd attempt on the presnt low and this is expected to bounce off to begin the real journey of new uptrend. This is forcast to happen in exactly OCTOBER 2018.

NOTE:
RED line number count stand for CORRECTION PHASE
YELLOW Line count stand for ACCUMULATION PHASE
BLUE Line count stand for RECOVERY PHASE
GREEN Line count stand for FULL RECOVERY.

Guys this post is meant for information purpose only, please do not use it as a call for an investment, this can change at any time.

I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.

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Trade active: Pictorial view of 2018, in bold representation.

Trade active: The next move from the chart pointed at possibility of 8400$-8800$ before a major drop to re-test the established low.

I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.

Thank you for your support.

Trade active: The next move from the chart pointed at possibility of 8400$-8800$. Fingers crossed
Trade active: Comparing action on bottom (4) in 2014 and 2018.

Trade active
Trade active: Potential IHS in formation with target pointing at 8000$-8800$
Trade active: Potential wave pattern for XBT/BTC guys check it out.
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@weslad, very good work so far sir. do you still think we can reach 8000-8800 or the strenght of the market is not enough any more and this up trend may end soon through sub 6000
Reply
weslad BilimNehri
@BilimNehri, I think we may not pass 7495 or 7560 this time around before we drop down to sub 6k zone again.
+1 Reply
@weslad, thank you sir for your quick answer and your time. I thought that your 8k prediction overlaps with the 30 sept ETF expectations by time. What can you say about it?
Reply
weslad Msparky
@Msparky, thanks for sharing
+1 Reply
Not sure about that large rounded bottom because I believe we have more downside to go.

Here's my take:
In today's Bitcoin analysis I discuss the artificial price move from yesterday, the ETF's at play, Bitmex's shady move, and where I see price going potentially if supports hold:
Reply
weslad Cryptosomniac
@Cryptosomniac, thanks for sharing
+1 Reply
forecast on Bitcoin bullish short-term

Reply
weslad landalex
@landalex, thanks for sharing
+1 Reply
we are going down folks
+1 Reply
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