JakeAnderson

Where is Bitcoin going? I think I have a good idea!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I thought I'd give it a shot at a more long shot prediction for the next week or so.

Not financial advice just a guy doing what he loves.
Comment: Expected pull back after rejection.

If you notice the sharp drops from the previous rejection followed by sharp sub-wave corrections.

Nothing unexpected so far IMO. These sharp drops are expected.

It's also possible we are seeing stop loss hunters trying to spike out investors before forming a right shoulder.

Either way nothing to worry about as of yet.

Will update after sleep!

Leave a comment if you want me to chart any ALTS over the next few days. I'll see what I can do.
Comment: Not much has changed imo.

People going a little OTT on Twitter every time BTC retraces but I'm not seeing anything unexpected yet.

XMR popped nicely and one of my followers pointed me in the direction of NEBL which I've begun accumulating.
Comment: Hey guys quick update and important message.

I really appreciate you guys taking the time to look at my charts and leave messages it means a lot.

I do want to make sure that you guys know that I do trade all my charts and they are my risk to take. I am by no means an expert or experienced in this field.

I honestly just have a passion for charting and pattern recognition help stimulate my brain as I have ADHD which means my brain is always compensating and I can't shut it off, this is my release.

If you do trade these charts please at least try and do some of your own research and be safe and invest small pieces.

:)


OK so the Bitcoin update:

There has been some FUD today from two or three sources this may have created the large drop ( very likely) but this is something I should have prepared myself for, I'm a little surprised but definitely not shocked as I know this is quite the regular occurrence every now and then.

I still like my chart but if it is unable to remount then I will begin working on another chart and see if I can make adjustments so that next time I have a plan B and C if shit hits the fan.
Hey guys quick update and important message.

I really appreciate you guys taking the time to look at my charts and leave messages it means a lot.

I do want to make sure that you guys know that I do trade all my charts and they are my risk to take. I am by no means an expert or experienced in this field.

I honestly just have a passion for charting and pattern recognition help stimulate my brain as I have ADHD which means my brain is always compensating and I can't shut it off, this is my release.

If you do trade these charts please at least try and do some of your own research and be safe and invest small pieces.

:)


OK so the Bitcoin update:

There has been some FUD today from two or three sources this may have created the large drop ( very likely) but this is something I should have prepared myself for, I'm a little surprised but definitely not shocked as I know this is quite the regular occurrence every now and then.

I still like my chart but if it is unable to remount then I will begin working on another chart and see if I can make adjustments so that next time I have a plan B and C if shit hits the fan.
Reply
Thanks mate, it dropped a little than most were expecting. I am looking forward to btc breaking 11,700.
Altcoins, well mine are a mess...just waiting for the big guy to drag them off the bottom....
+1 Reply
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