Dude56

Bitcoin 1D chart falling wedge. (Read comment!)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I have been waiting for days for a clear pattern and here it is a falling wedge . I am expecting Bitcoin to break up this falling wedge in the 3rd week of february. If that happens the breakout will be followed by strong volume bringing us to test again the resistance line that has been dominating the market in this bear trend. The resistance will be strong and not sure if it BItcoin will be able to break it but the ride to this resistance(4600-5000) can already be very profitable in many ways.

I am not going to open new trades before it breaks up this falling wedge . Chances of breaking up are around 68% for a falling wedge and a pullback happens 50% of the times so I am going to wait for the pull back when/if it breaks up and then will open a long position on Bitmex and will buy some altcoins . When Bitcoin reaches the resistance area I will start closing my trades and will wait for a new pattern and more data.

Until the breakout more accumulation and sideways is expected as we saw in the last weeks. I am expecting considering my chart 9-12 days more of accumulation and sideways before the breakout. So right now I will just be patient and watch how this pattern is going to play out.
Comment: More info about falling wedge pattern here :
http://thepatternsite.com/fallwedge.html...
Comment: Observation: If this pattern plays out. We won't revisit 3200 expected in last analysis.
Comment: **6-9 days to breakout.**
Comment: 1-4 days for the breakout.
Comment: Get ready dudes. Bitcoin getting ready for tomorrow.

The next 4 days will be very interesting. The chances of seing bitcoin breaking up will be pretty high.
Comment: We are now officially in a interval of time where the breakout is very likely. Keep an eye on Bitcoin to make some nice profits if it breaks up but also consider the break down( Less likely but possible).
Comment: Based on my prediction today 17 february is the last day of high probability for a breakout.

Let's see how it goes. I was expecting it to be yesterday but let's see how today goes.
Comment:

AND HERE IT IS !

BREAKING UP FINALLY ! Perfect prediction breaking exactly in the day I was waiting
Comment:
High quality image.
Trade active
Comment: BTC- Short term update.
Expecting another green day tomorrow and the 4K test. We should probably break it and then rise pretty fast to 4100-4200 level.

Comment:

Bitcoin Correction Alert:

Expecting some sideways movements followed by small dumps today and tomorrow. Bitcoin should find support at 3775-3830 and pump in the close of current CBOE Bitcoin futures contracts by the night of 22th February and should keep pumping on 23 th February to retest 4K.
Comment:
Game changed dudes. Bitcoin already found support here and should test the resistance very soon
Comment: 4K broken. Another pump happened. Time to start being more careful . We are getting closer and closer to our target.
Comment: Expecting more sideways on Bitcoin today. Not expecting any big moves from it in the next 10 hrs.

In the other hand #ETH should keep pumping and altcoins might have some great time.
Comment:

Setting an alarm at 4200 and 4080. Important levels in the short term if they get broken. Nothing else to do here in my opinion.
Comment: 4080 broken then a fast and strong correction to 3800 happened.

Right now we are testing previous resistance as a support. If we close below 3800 all the bulls progress in last 10 days will be lost and things should be bearish again.


In the other hand. A close above 3800 should be pretty bullish too and the fuel for another wave up to 4200+.

So eyes on 3800 today and that's it.

This correction was necessary dudes. Don't worry too much just yet, things are ok for now
Comment: Yo dudes I messed up the calculation here. BTC can't close under 3700 in my chart! Not 3800 sorry! That's great news though haha

These 100$ will make hell of a difference.


(COINBASE CHART)
Comment: Bitcoin has holded the 3700 level so far. Things are looking better in the chart and I am now expecting a good week for crypto.
Comment: This candle ended up being extremely bullish !

High chances that today we will see a extreme bullish scenario in all crypto market.



3700 holded perfect.
Comment:

Bitcoin correction done. Expecting 12345 bullish impulsive waves that will end at 4300-4500 area.
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.

BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.
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Dude56 Anonymous_Learning
@Anonymous_Learning, will pay attention to that also.
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@Dude56, Yeps. Tnks!
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