the_sunship

My BTC Doom Chart

Short
the_sunship Updated   
BITFINEX:BTCUSD   Bitcoin
Bear Porn. It speaks for itself. Very possible at this point IMO.

Follows the famous Market Cycle "cheat sheet".

www.cheatsheet.com/w...onal-cycle-2-Web.jpg

Be wary of Bull Traps, of which there will be many. Use stop losses always if you are buying dips.

Good Luck!

Comment:
Possible count so far. This current bounce seems corrective to me, so it makes sense that it would be a wave 4 from a larger 3 wave. We'll have to see if it plays out in this manner. If we break 7700 this count is most likely invalid.
Comment:
Still continuing on this larger wave 3. Sub wave 5 in progress. Target is around 5k.

If we somehow break 7500, this count is invalid.

Comment:
Cautiously optimistic on BTC. I just don't like the Hidden bearish divergence on the daily and 3 day charts. I'll be happier once we break this trendline over 9800
Comment:

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