Bitcoin : 2014/2018 golden Fibonacci Levels - Knife catching.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Traders,

You will find Attached the Fibonacci lines of the Bitcoin Chart from 2014-2015 that you could have used for knife catching if i was aware of Trading view existence at that time. The Bitcoin 786 golden Ratio held Bitcoin perfectly.
You will find Below the Fibonacci lines of the 2018 Bitcoin Chart, with the Usd Value levels. So far those main Fibo levels are very useful and very accurate to stop Btc drops, so odds favour a continuation of possible knife catching areas around these levels.

I will however not recommend you trading as it is extremely risky right now, unless you feel like you can manage your knife catching properly, but beware.
The current Bitcoin 786 golden ratio is around 3.300 Usd.
This could be useful in case Bitcoin is currently not bottoming.
If Btc is currently bottoming, don't hesitate to shout your happiness about how useless this TA was in some months, and how much you are enjoying the current end of 2018 bull run lol.
Remember: nothing prevents you from beeing wise and waiting for a bull run start before injecting your hard earned money in this risky market.

Comment: Bitcoin never closed below 6.036$
If it does, be prepared for some major downside as it would break the overall 2017 Bitcoin structure
Comment: Lowest close since November 13
Slow and long decline period might be correct, nothing bullish in here
Still in "beware" mode imo
Comment: Did Mcafee finally threw in garbage his never failing 100% algorythm predicting 15k Btc for June?
I hope this desperate market pumper did not make you lose money by trusting his calls.
Listening to his calls is 100% the same as listening to Twitter/Trading View chinese miners bots/employees giving 100k Btc targets.
Comment: Local reversal pattern, that formed natural buys.
I am not saying the average investor bought in mass, Joes are selling at the moment, but a few wealthy people naturally bought for sure in there (the local triple bottom with local false breakouts, followed by a natural raising pattern was followed by important buys)
I am sorry but i will not give buy or sell signals during this crash as it is again extremely risky to trade, better choice is to rather invest than trading and possibly catch falling knives again.
Comment: What whe had with Bitcoin :
-Daily candle false breakout of the extremely important 6.000$ support (very bullish and could lead to a rally start, which is unlikely following odds though)
-Bullish engulfing candle (very bullish)
-A massive daily hidden bearish divergence (very bearish)
Probabilities of this move beeing a bull trap are high.
Comment: Weekly shows we might be inside of a trend reversal (it looks like a possible bottoming reversal pattern).
Which means a possible end of the bearish trend since January.
Bounced right above the weekly 50 Smma, false breakout of the 6.000$ crucial support. This could lead to the slow start of a rally.
This is of course completely uncertain, well, you know the reliability of this market, and the remaining uncertainty of the regulations.
But, this pattern looks very encouraging.
Comment: After the positive views, the negative views :
What is setting an alarm "on" is this very massive bearish divergence:

That could lead to this:

Comment: -4Hour chart 50 Smma is a very useful tool to understand bitcoin moves during bear trends:

-It is very useful during bull runs as well :


BTC is being manipulated by bots. These big candles appearing straight and when they stop going up, there’s not any movement speaks by itself.

I’ve written a post with a link to news that show a clear manipulation.

Yes these type of large sudden candles appearing during week ends are made from bots, beeing large candles to the upside and to the downside as well
+1 Reply
Andbcoin Giorgioversace
@Giorgioversace, I expect a big movement downwards any soon.

Anyways, thanks for your reply ;)
very possible
+1 Reply
It looks a bit like when many were calling for the continuation pattern to hit the upper trendline of the pennant but it only dribbled up a little then plunged. Perhaps a little more dribbling up towards the now resistant pennant trendline, but not too near, then plunging down again...

Thanks for the update
+1 Reply
So in a nutshell what you're saying is 50 smma under price = 50k tomorrow?
You 100% got it sir.
Thanks Gio for your views in helping clarify where things stand at this point
+2 Reply
My pleasure buddy, take care
Do you see a retrace to stand 6-6400K, then back to midterm bullish?
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