SimonMercier

BTCUSD : update on 7k target part II

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys,

A recap from yesterday post. Kinda messy with the dump and pump (spike candle) and lot of picture and educationnal stuff. See here :


This is my main scenario (original post)

Scenario B have low probability but im doing the good guy and leave all everything here :


______________

But again since few days we talking about this potential bullish signal. Clearly, factualy and objectively we can expect a good up in price. This is a clear macro bullish signal for a mid term to long term bullish run. No doubt on this, but since we are not crossover i must keeep scenario B


And i was talking 2-3 weeks ago about this formation. We are talking about a massive bullish MACD-signal bullish crossover with a bullish divergence on the histogram


I can say that we are in the best position on daily and weekly since 9 months. The last trimester of 2018 (the next 3 months) could be a bullish cycle

Sep 20
Trade active: bullish signal

Sep 20
Comment: i hope veryone understand that the ABCDE compressive triangle is discarded. So it was an ABC flat not DE point. interesting to see impulsive waves here may start a count later
Sep 22
Trade active: probable count :
Sep 24
Trade active: possible 2 lvl ABC. only thin is i dont see the 2 lvl impulse wave to goes with a 2 lvl ABC :
Sep 24
Comment: Part III is out. Post not closed but a lot of update here so a new clearer post that summarize things spoken here.
Thank you for your work!

Here's my Friday Sept 21 analysis | I discuss 6800 resistance | Multi time-frame resistance levels | True bull run vs. bull trap:
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a MACD crossover is an indicator of further bull mode and weekly has also to turn
this could be interesting, i think the bubble trend is over

Reply
SimonMercier lilothebest
@lilothebest, that weekly MACD is the best card right now to state a potential bearish zone probability. of course we speak in weeks so a lot of things gonna happen during that walk
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lilothebest SimonMercier
@SimonMercier, dominance is shifting like it had happened in june 2017 when it fell from 68
btc still has 51% to go to which indicates further strength and movement for alts

i think it might even go as low as 38%
a break above 7000 confirms bubble trend is over for me which the macd cross will likely make do
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Great Stuff, Simon...could be interesting next few days !
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SimonMercier hairycanary
@hairycanary, indeed. it looks optimistic in price rise lets watch
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Nice count and updates as always. never too optimistic and too greedy

i did some Elliot count as i am still learning that on BTC
is this correct channel ? we might be in a possible throw-under with all the bullish signals combined or a repeat of 2015, who knows .

i am waiting for the weekly candle for confirmation, we need it to close above 7k to confirm the bull trend

here is a close up view
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SimonMercier lilothebest
@lilothebest, cant say wrong or right because the trend line is such extended that you cna have non negligeable difference with the log chart by moving a milimeter the trend. Mine is an approximation thats why i use different TA tools to help me conjugate the next move
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lilothebest SimonMercier
@SimonMercier, ty sir
i will delete the rays and start using parallel channel and adjust for error
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SimonMercier lilothebest
@lilothebest, no problem sir. You will find your method with practice. dont worry about asking questions or posting your opinion it helps everyone to discusse about different views
+1 Reply
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