Bullish Bitcoin Bottom or Bearish Bull Trap? Watch The Pink Line

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As much as I want Bitcoin             to succeed we need enough buyers to get out of the overall downtrend. Maybe this pink line from the Fibonacci circle can help us see if we get a stable uptrend. We need a candle above it or the price could sink - again.
you have nice charts.. question is how appropriate ;)
ChartArt fraktoking
My charts are scenarios. I don't think of them as being right or wrong. My scenarios are either proven right or wrong. IF the price is matching my scenario, THEN the price could move more in the direction of my scenario.

Here is an example. 1 month ago the price was still around $450 and my most bearish scenario if the price falls was $333. I also had lots of bullish scenarios but those scenarios turned out to be wrong.

For example this the most basic version of my IF, THEN scenario thinking:
the_batman fraktoking
It's not a question. His methods are ridiculous. All of it. Entirely.

Nice looking chart tho.
ChartArt the_batman
There is a reason why I named my account "ChartArt". I'm still a newbie who loves to experiment. And your favorite method 'Elliot wave' is one of the many tricks I still need to learn.

In other news it appears you are currently bearish on Bitcoin while I'm bullish, again
we are getting close, BTC fighting the pink line!
+1 Reply
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