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 +++
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.
Comment: Keep an eye on the blue line, and for shorter term targets on the way down:
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).

We're right on the edge and there's a senate hearing in 1 hour, good luck bulls.
Maybe a miracle...
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 PRO rlreecer
@rlreecer, It works on swing trades and long terms support. But trading small moves... rip :/
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