BTCUSD DAILY COINBASE BULLISH SCENARIO STILL INTACT (ACTIVE)
HEY GUYS, HOW ARE YOU TODAY? SINCE THIS LAST DUMP, A LOT OF DESPAIR IN THIS SPACE, OBVIOUSLY A LOT OF TRADERS GOT CAUGHT OFF GUARD BY THIS MOVE.
PRIMARILY CAUSED BY THE PERFECT STORM FOR BTCUSD - BCH HARD FORK, LOW VOLUME, THIN ORDER BOOKS - DIDN'T TAKE MUCH TO SINK BTCUSD BIG, WHICH
IS EXACTLY WHAT HAPPENED THIS WEEK.
HOWEVER, LET'S SEE WHAT ARE THE REAL FACTS AS OF RIGHT NOW, AND SEE IF THERE IS ANY UPSIDE IN THE CRYPTO SPACE NEXT FEW MONTHS!
AS ALWAYS, I'D APPRECIATE IF YOU CAN UPVOTE THIS ANALYSIS, IF THIS ADDS ANY VALUE TO YOUR TRADING.
SO WITHOUT FURTHER DUE, HERE'S A LIST OF FACTS AS OF RIGHT NOW:
1) BTCUSD DAILY STILL COMPRESSED WITHINGFALLING WEDGE.
2) PERFECT STORM RESULTED IN BTC DUMP
THIN VOLUME THIS ORDER BOOKS, BCH HARD FORK
3) ALL EYES ON THE PRICE NEXT 2 WEEKS INTO THE
POSITIVE CATALYST IN DECEMBER (BAKKT)
4) UNLESS 5 000 IS BROKEN ON HIGH VOLUME THIS
IS STILL VALID
5) IF WE STAY ABOVE 4800-5100 UNTIL END OF NOVEMBER
UPSIDE BREAK OUT STILL LIKELY DECEMBER/JANUARY
6) IF WE BREAK OUT TO THE UPSIDE, TARGET IS 9400-9800 IN Q1 2019.
7) KEEP IN MIND THAT AVERAGE BEAR
MARKET IN BTCUSD SAW A 75% DECLINE OFF THE PRIOR HIGH,20 000 - 75% = 5 000 USD
8) THEREFORE 5 000 USD IS VERY
VERY CLOSE TO THE POSSIBLE CYCLE LOW FOR BTCUSD.
PRIMARILY CAUSED BY THE PERFECT STORM FOR BTCUSD - BCH HARD FORK, LOW VOLUME, THIN ORDER BOOKS - DIDN'T TAKE MUCH TO SINK BTCUSD BIG, WHICH
IS EXACTLY WHAT HAPPENED THIS WEEK.
HOWEVER, LET'S SEE WHAT ARE THE REAL FACTS AS OF RIGHT NOW, AND SEE IF THERE IS ANY UPSIDE IN THE CRYPTO SPACE NEXT FEW MONTHS!
AS ALWAYS, I'D APPRECIATE IF YOU CAN UPVOTE THIS ANALYSIS, IF THIS ADDS ANY VALUE TO YOUR TRADING.
SO WITHOUT FURTHER DUE, HERE'S A LIST OF FACTS AS OF RIGHT NOW:
1) BTCUSD DAILY STILL COMPRESSED WITHINGFALLING WEDGE.
2) PERFECT STORM RESULTED IN BTC DUMP
THIN VOLUME THIS ORDER BOOKS, BCH HARD FORK
3) ALL EYES ON THE PRICE NEXT 2 WEEKS INTO THE
POSITIVE CATALYST IN DECEMBER (BAKKT)
4) UNLESS 5 000 IS BROKEN ON HIGH VOLUME THIS
IS STILL VALID
5) IF WE STAY ABOVE 4800-5100 UNTIL END OF NOVEMBER
UPSIDE BREAK OUT STILL LIKELY DECEMBER/JANUARY
6) IF WE BREAK OUT TO THE UPSIDE, TARGET IS 9400-9800 IN Q1 2019.
7) KEEP IN MIND THAT AVERAGE BEAR
MARKET IN BTCUSD SAW A 75% DECLINE OFF THE PRIOR HIGH,20 000 - 75% = 5 000 USD
8) THEREFORE 5 000 USD IS VERY
VERY CLOSE TO THE POSSIBLE CYCLE LOW FOR BTCUSD.
Comment:
latest updated chart - please see here, with projected cycle low and high
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