CryptoFortune
Long

BITCOIN without the Hype?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
What if Bitcoin is destined to follow a consolidation price in pink? What if that's the answer we are looking for?

The hype of 2017 has to be excluded from this... but what if we make it where BTC went to 10K and then back down. Would ABCDE match? So far it has. The real question is... is this triangle here the one we would be working with had Bitcoin not gone to 20K?

20K was due to the media and everyone signing up to exchanges to buy these coins. What if this didn't happen? This is what I think could be an answer.
If thats the case, Bitcoin is finding its bottom right here, and most certainly breaking out the first week of April.
Still rekt
Reply
Loved this lesson
Reply
Was something on cnbc about it being correlated so why not, this is so volatile and confusing too much time needs to be spent on bitcoin imo
Reply
The message I got the most when I showed this chart was "Literally useless random drawings lol".
Reply
Blown out of the girl my friend..
Reply
the hype didn't start last july. it started after hitting 1k again for the first time in years. that was january 2017
Reply
What if....you are right...and we get sideways bitcoin for 1 year...what will happen to alts? Alts are already showing elliott wave impulses starting to break out!
Reply
I think your right.
+2 Reply
I have noticed the same pattern in Neo. Iteresting!

+3 Reply
@moha89, return to the mean !
Usually we need to go down more (despair) before returning to the mean. This has not happened yet, and it might happen !
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out