First of all who am I? I'm Jasper trading professionally for more than 4 years mostly on Forex, Stocks and Bitcoin. My trading-style is mostly swing trading aggressive with high margins.
The leverages I use: - Forex 30x; - Stocks 10x; - Bitcoin 5x.
Why I am started with Tradingview? Well I see so many authors posting lots of crap, big posts with absolutely nonsense. People look at indicators that support there trade, for example I see people talking about a MACD weekly cross-over to support there long trade. Thats just bull-shit, those people called "Top-trader" but actually don't know about what there talking about. Most of them just traded some crypto in the bull market. I can bitch them in there trading ideas, but thats not my style. But this triggered me to actually post trading ideas myself, simple, basic and no nonsense. BTW. There some are good top-traders, don't get me wrong on that.
About the Bitcoin trade The Cycles:
Bull Cycle: 273days Bull cycle 1: Bitcoin made a perfect impulsive wave. After this wave we should correct with something like an abc corrective wave. This didn't happen and we did go straight in another impulsive wave. Bull cycle 2: This impulsive wave was way way way to extreme. Bitcoin to the moon, hodle, bitcoin to 100k, well everybody know the guys :) So correction was really logically and no I'm not the guy shorted at 20k usd.
Bear Cycle: Will it be also around 273 days? Bear cycle 1: Big panic in a really short period of time. We made a big falling wedge with an Elliot-triangle pattern. Bear cycle 2: The market is slowly cooling off but there still is bearish sentiment. We made a new finished elliot triangle pattern and we're already dropping.
My expectation is that we break down the triangle pattern to the range of 4.8-5.2k usd. As a technical annalist you can't be sure for the fully 100%, keep that in mind, there alway multiple possible outcomes.
If you like my post, please share, agree on the post and follow me! Thanks for the support! If there is enough anymore I will update this post daily.
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We can see some bounce to the 0.382 Fibonacci Level. Around 6.700 usd before we drop lower.
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Sorry for the bad picture. Here it is again.
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I noticed some things where not good visible in my first chart. I just registered yesterday, so I had to practice a bit. But I remade the chart for a better view without all the cycles.
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Great, bitcoin dropping again! First watch zone is the 5.8 - 6.2k. If your in the sideline and planning a long, I recommend the wait for the right setup. When stop-losses and liquidations trigger it can be nasty, especially because most people set their stop-loss below 5.8k usd. If we drop below the 5.8k you can expect a huge spike down.
In that case their is a high change of a re-test of the the 5.8k-6k zone and drop lower after.
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I have two scenarios, this is my first one. The chart is interactive if you click it.
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I made 2 scenarios I find likely with potential buy zones. I made the charts interactive, so you can click them to see the actually price.
Scenario 1:
Scenario 2:
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Good night everyone. Take some rest and sleep and don't look to much at the charts! :)
Trade active
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I just opened a long position on Bitcoin 6.580. Stop-loss 6.220. Chart will follow wanted to update everyone quick.
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Sorry open a long on 5265 usd, my target is 6580. Stop-loss 6.220. GL
Wishing you great success here on Trading View. And wishing you and your loved ones a happy live!
Welcome to the platform...
Namaste.
TheChallange
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@alanmasters,
Hi Alan! Great and kind comment! I really appreciate. Success with your trading and have a great day!
Gandalf123
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Thanks for the further details (short term predictions). What I really like about your graphs is the timeline, that we may well be going up by the start of October. I too am doubtful that the bear market will dip for very much longer.
AriffAleefAnnisa
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Great analysis, keep it up
Pucknut4coins
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Any updates? Curious if you think we are close to the next top.
TradeClass
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Folks his original forecasts from when he started this channel are all wrong. Even worse, he does NOT provide bear and bull analysis, just his inaccurate predictions. Anyone who does professional forecasting does NOT fall into this trap. Predictions are not professional forecasting, they are more like a horoscope. If you follow his advise you are going to be sorry.
Wishing you great success here on Trading View. And wishing you and your loved ones a happy live!
Welcome to the platform...
Namaste.