BitcoinGuru

Bullish and Bearish Bitcoin Scenarios - The Choice is Yours

BITFINEX:BTCUSD   Bitcoin / Dollar
Two scenarios to choose from - straight forward:

Scenario A - Bullish: 3 stairs down then we turn bullish similar to April 2014. This will peak at around 480-512


But since I do not always believe in patterns repeating themselves, else trading would be so much easier for everyone and everyone will be rich. Then Scenario B comes into play.


Scenario B - Bearish: Soon traders will notice that we are not able to break the top (@ $355) of the downtrend... After few days or 1 week max of waiting, to their utter disappointment nothing is happening as they expected it, the majority of traders being impatient will start cashing out and shorting especially the long time holders who bought at fairly low prices (a year ago or so e.g. $100-300) hence dragging the market down to the $171-225 range. From there we would rebound and retest $300.
Nice chart and as always you give 2 scenarios! I'm hoping to pick up some coins in the 200s. Time will tell!
+1 Reply
Sadly the bearish scenario to go below $200 is still possible, only less likely as of today.
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But there is no reason to increase And all signs tell us that it will continue to fall,
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Looks like a bullish breakout to me:

snapshot
+1 Reply
BitcoinGuru ChartArt
indeed ChartArt :)
I did a bull chart in CNY will publish it or a finex one later
https://www.tradingview.com/e/QAh112Vv/
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