Bitcoin. The final dump got delayed enough. Could end next week.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bears, bulls,

The bear wedge of march is finally confirmed, it looks a bit different from my last drawing with was speculative still, now the lower line got touched 3 times, which means the structure is confirmed (the top line was already touched 3 times).
We finally had a green day after 6 red days in a row, I believe we're prime for dwowntrend continuation soon. or we could go up retest the resistance downtrend line since 20k.

So now we have a technical target. It fits what I and others have estimated thought various methods. It's gives 2500$ as a full target, this doesn't mean it would be reached. Somewhere around 4.5 or 4.6k 3.5-3.6 is also possible.
These are good supports long term:

We could also just stop at 6k right. But that would slow Bitcoin down. It needs to retrace to continue going up further...

Keep your eyes on the blue lines, especially the 2017 uptrend support that got tested quite a few times recently, and broke under on the feb dump, which weakened it. We closed above it that day so bulls survived. Now if we go below it we could be falling fast to the strong long term supports such as 3kish etc. i'l lre-post thel if we go that path.
We HAVE to go out of inside the 2 lines, the 1rst April at worse since that's when they join. The suspense is soon over, we either die out, or go to the moon.
Or bull trap like 2014 exact same... But we probably get bad news soon and start capitulating.
It's a good thing, we can start consolidating and go into recovery that way.

Don't forget about the 3 years on inside monthly candle:

Bonus: The green day was started by huge orders on Bitfinex Okex and Bitmex that pumped the price 800$ in an hour pretty much if I'm correct.
After that alot of enthusiastic buyers came in and climbed very fast to 9500. I hope for them they didn't get trapped...
Before that a whale was aggressively buying on Gdax but apparently whales from other exchanges came here to dump on him. The battle is raging!

+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Mar 12
Comment: There's 10's of reasons to go to the 2500-4500 area, here is another:

People make fun of science, but it is very rarely wrong.
Mar 13
Comment: Keep an eye on the blue line, and for shorter term targets on the way down:
Mar 14
Comment: We broke under a bear flag and bear pennant but we could still go up to 9500
And make a new larger bear thingy:
Someone posted this:

9500 is possible, a good short zone, buy low sell high. Wait for it (I doubt we go that high thought).
Mar 14
Comment: We're right on the edge and there's a senate hearing in 1 hour, good luck bulls.
Maybe a miracle...
Mar 29
Comment: Oil: backed by Oil. Check.
Gold: represents gold. Check.
Forex: Back by whole countries & their government. Check.
Major Stocks: Backed by big companies. Check.
OTC trash stock: backed by crappy companies and pump and dump groups. Check.
Cryptocurrencies such as BTC: Backed by a bunch of neckbeards and Vitalik's, early adopters that swear it's going to the moon and want to sell high, emotional speculators that want lambo's and to go to the moon. Vitalik said btw that ETH could fall to 0. Seems solid.

Congratulation to the people that morgaged their house to buy.
"But this 1 retard on reddit got insanely lucky and made money by morgaging this house"
Yeah, and some guy that fell from the top of a scyscrapper magically survived. Gogo jump!
One of the biggest idiot mankind has ever witnessed called Michael Carroll won the lottery, gogo buy a ticket every day! (He's back to picking up trash btw).

Disclaimer: Im buying a bit NEO if it falls to 1$, BTC if it gets to 100$, ETH at 10, etc. :)
Still wouldn't go in big at that price.
Apr 10
Comment: Dear diary. It has been 1 month we went down hard and we are still making these useless triangles. Are we just going to keep getting triangles till the bottom and idiots that think this is it and keep pushing the price up but to no success hence creating triangles? Probably. If you buy every single dip you can't miss out! Genius!
You might have lost 95% of your money but when Bitcoin bounces 500% off of 10$ you won't miss out! That 15k buy was really smart! 500% wow! All the way to 50 bucks!
I got a bottom target for this summer (nono not 10$ lol).
Won't last years this time. Hopefully.

Apr 19
Comment: Another month another BLATANT pump and dump another huge bear flag probably fabricated and every retard which is 90% falls for it again. How every one can be that stupid is absolutely beyond me.
No wonder they can do whatever the fuck they want to do.
BTC can easilly be 1 million / unit if McAfee and his buddies that control 80% HR decide so. Probably they'll be monkeys that buy at this price with no way out, and with a big smile on their faces.

Bear flag target just happens to conveniently be 4600-4700$
Apr 19
Comment: Didn't always work that well..

Guess if that thing is to go bearish it'll break in a few days to 2 weeks...
The fact that jellyfish have survived for 650 million years despite not having brains gives hope to many people.
nice analysis.
It could stop at 7k and try a double bottom
almost as if TA don't work in this easily manipulated market
+1 Reply
MrRenev rlreecer
@rlreecer, It works on swing trades and long terms support. But trading small moves... rip :/
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out