100% bull since 5900, show me a reason to fear first.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Break down from 10k, and close, then im back to the woods.
Comment: 50 likes, and i will update this live.
Comment: Didnt seem pleased with meeting my channel. Coukd get interesting. 39 more likes.
Comment: Showing bear, look for a break down from 10 and close, to confirm bears are out.
Comment: A break up here could reveal a very strong bull fractal repeating - if thats the case buckle up.

A break down from here would place us on the top of the last channel 9400 - a likely spot for a sizable bounce.

WARNING: A break below 9400 and i am no longer bull. I am neutral from 9400-8800. And back to being the bigges bear in the woods at <8800.

I was wrong, my box was off.

9400 held, This swing is super bullish. Check long time frames RSI and MACD for confirmation.

Re-test of 11700 in sights.
We had the same idea this morning me and you. It looks like we're mauybe wrong, but not yet ! 10200 holding strong

Showing bear, minor trend is broken.

If 10 is breached and closed, look for support at 8800.
You should never be 100% anything because theres always a chance you are wrong no matter how good you are. Trading is just a gambling game.
ThomasCrown schuck15
@schuck15, Thank you, please re-evaluate what im presenting here. I am claiming i am 100% bull, while in the bull pattern. We havnt broken it, so i am suggesting if we do, that is the time to start considering bear scenarios
+2 Reply
50 likes, and i will update this live.
+1 Reply
I think it won't repeat the same pattern again because we were still climbing on the 4H, 8H, 12H and D MACD's after the 16th. This times those indicators are all heading south to complete the market cycle. The same cycle cannot repeat over and over again without pullback. I think this is wishful thinking
@jimo79, I understand what youre saying. My commentary might have been communicated wrong. I personally from my TA experience, have been bull since 5900. All my correction ending indicators were tripped.

Since the low i have not seen even 1 bearish move. This post is suggesting, untill we do, theres no reason to be bear. This gives a very very small window and price delta for a short. I am not saying it will stay bear necessarily, i am saying it is untill it shows.
ThomasCrown ThomasCrown
Stay bull**

Dont know how to edit.
jimo79 ThomasCrown
@ThomasCrown, i hope it does stay bull and the market goes on healthy. I've just made the mistake of trying to follow similar patterns before and got burnt, but markets do also follow patterns from time to time. So I guess its about picking the right battles. At this time i'm waiting for the indicators to look healthier from a personal perspective. Value your contribution,thanks, and we'll see if it does keep going up!
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