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mycotoxin
Dec 15, 2018 7:59 AM

This has got to be a bear-trap and BTC is moving to 6K 

Bitcoin / DollarBitfinex

Description

Now I could be very very wrong here but I've triple checked this many times , and this is bump and run reversal with the top lead-in at the 29xx to 3xx mark. Hence BTC has to bounce around the current location which is between 32xx and 29xx and then move up to around 6k to 5k and then come back down to the last lead-in at 19xx .

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This may explain the triple Dojis ...

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XRP has the same setup which should move it to .46 and then back down

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XRP is also missing the move to .46 which I suspect should occur when it hits the bottom lead-in at .26 .

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The above events look set to begin this weekend or early next week and will be kicked off by the continuation move on the weekly below which should take BTC to the 29xx/288 area

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For safety measures Ill set a stop loss at 2750 -
So lets see how this plays out and go get this crypto !

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That drop above has not occured yet .so use a good stop loss always
Comments
reverie153
It's amazing. It's amazing.

I'm impressed by your insight.

Congratulations on your profits.
mycotoxin
@reverie153, Cheers and Likewise - were getting this crypto cash in 2019
reverie153
@mycotoxin, cheers!. i have question

Looking at your latest post,

Bitcoin needs to go back to 4k.

Is it possible? Bitcoin seems too stubborn.
mycotoxin
@reverie153, it will go to 4k ..give it some time - BTC is playing games as usual
mycotoxin
@reverie153, it should travel to 4k with some fast movements downwards
reverie153
@mycotoxin, Thank you for your advice.

Then, the last question!

Do you still want bitcoin price 1k?
mycotoxin
@reverie153, 1K can occur if an event such as the Tether fiasco explodes and an exchange such as Bitfinex is shuttered .
reverie153
@mycotoxin, agree
AlanSantana
Looks good, I hope you are right. :)
mycotoxin
@alanmasters, yeah .this current slow anemic move to 33xx does not seem like a triple doji to me as it needs a bit more oomph .
I think BTC is just working on this secondary move in the graph below to 34xx and the moves mentioned above have not begun yet.
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