crimsonronin
Long

BTC Weekly about to turn bullish

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It's no good being a bull in a bear market, it just causes a lot of pain, but that time is coming to an end, and it's no good being a bear in a bull market.

We have for the first time this year advanced above the bearish log trend line . And we are about to flip green on the CCI!

These are definitely positive signs, and I will be looking for pullbacks to buy into. However, there is still 1 relatively steep hurdle at $10k. That also happens to be the daily 200MA and the 61.8 fib of the ABC swing. If we break that with some conviction, then I believe the next target is 12k and then onto 13.5k.

Buying opportunities; I will look for rejection at 10k, and a buy around 8.6k
Comment: Hi everyone, it looks like we have formed a short term bear flag and are going to take a trip down to ~8.5k



I'm not sure if this is just short term, or if this will trigger a broader sell off. I will evaluate once we get to ~8.5k
Hi everybody, it's been a relatively quite week for BTC, but it's setting up quite nicely. After being rejected at the 200MA it has been consolidating around the 50% fib of the swing low. I expect it to break through the 200 now that it has had time to recharge:



I think taking a long trade once there has been a daily close above 10k will be relatively safe.
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crimsonronin crimsonronin
Ugh, I didn't mean to leave a comment.... :| luckily I did though because it didn't quite work out.
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