WiseTraderIO

Potential Bear flag on BTC

WiseTraderIO Updated   
BITSTAMP:BTCUSD   Bitcoin
I think that the bottom is yet set.
I feel that a last drop with "blood on the streets" is around the corner.

Time wise, i think that the last move will happen in Q2 2019.
After that the consolidation period will commence.

According to this idea, we might see BTC as low as 1850, but in different analysis methods I expect a bottom at 2600-2800 USD
Comment:
We will have to wait and see how BTC will behave if it goes to 4.5 - 4.8 k in order to confirm the pattern
Comment:
The pattern is getting confirmed as btc went up to the 4800. it overshot that is expected on a strong move like this
Comment:
Adding shorts positions

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.