P4vlus

BTC USD nearly at decision time

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We know what altcoins will do. They will follow BITFINEX:BTCUSD so why bother on the others?
BTC is the main driver like gold is for silver and S&P is for other markets.

Very short analyse from my site.
Due to AT, we are targeting to the end of the 'after-bubble' triangle that is normally decision time.
We also have very nice channel of accumulation --> $6000 - $6800 where the main battles are.

My assumption is, we will almost hit the bottom of channel: ~$6100 bounce up, test next support at ~$6200 and then decide to go up to (depend of the market bullishness) or slowly go deeper for next levels.

Go up - 60%
Do down - 40%

How do you think?

Best Regards!
P4vlus
Sep 26
Trade active: Bulls fight is ongoing in the accumulation channel we can see that daily candle is until now on green and doesnt want to change into red. In this moment we can not decide about the overall trend - still scenario above is possible.

Lets wait 1 or 2 days and check candles with 4H and 1D range.
Sep 28
Order cancelled: Idea was neglected by bullish hop.
Please look at the upper accumulation changel. We have just bounced from $6800 - exactly at point where accumulation channel starts.

Now the most important questinos is - Will it break $6900? If so there is a free way to new support!
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