BuyBitcoin.WS
Long

The Bitcoin Megabull Cycle - To the Moon (Zoomed in Chart)

BITSTAMP:BTCUSD   Bitcoin / Dollar
5 months ago
This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin Megabull Cycle based on the fractal of 2012-2013. It was spot on so far until that additional leg to $780 probably due to that short squeeze that started on Okcoin Futures .

Bitcoin blew past $650-680 and we continue our journey way higher as we head to the "moon". If we manage to hit $1000 Bitcoin could get higher due to increased media coverage and more interest / hype that will bring new money in to the market. Google             Trends already shows accrued interest as seen in this chart: http://prntscr.com/bhxfel but still not parabolic interest (so there must be more room to moon imo)

My conservative targets are: $840-$950 or $1170 and $3000+
The current fractal potential target is: $10000 - 9000

I am here to help. Feel free to ask me questions or Private Message me directly.

Also follow me on Twitter: https://twitter.com/BTCEliX

Where can I register and buy/sell/trade Bitcoin?

Bitfinex Signup: https://www.bitfinex.com/?refcode=355QQTAC0A (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!)

Okcoin Signup: https://www.okcoin.com/?invid=2024136 (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents)

SimpleFX Signup: https://simplefx.com/?sfx-r=bae43264-800c-4429-8287-05463c043814 (High leverage - Accepts Worldwide users)

Coinbase Signup: https://www.coinbase.com/join/52991e5e702d08b8bc000153 (Accepts Worldwide Residents)

BitMEX Signup: https://www.bitmex.com/register/T7LaSL (Offers 50x leverage - Accepts Worldwide Residents)

If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month!

If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)

If my charts have been helping you, Bitcoin tips would be appreciated :) 175mDGTPRZ3Us1hyYuzyCvAMvC76bRMJFk
5 months ago
Trade active: Bitcoin megabull trade is still active until the red line is violated.

If line is violated I would suggest to rebuy or long at $550-520 for a potential double bottom on that old support of 2014
5 months ago
Comment: Currently the red line has been violated if this continues expect a drop to my revisited targets of:

Expected bottom: 570-580
moderate bottom: $550-564
high volatility with margin calls: $525-540
5 months ago
Trade closed manually: Unfortunately the red line was broken and like i warned in the comment section down below another chart comes into play http://prntscr.com/bhlpuc with a double bottom at $550 area. We will consolidate at those levels for at least 3 months.

This means for now the megabull has ended. I believe sometime in October 2016 we will resume the megabull to $10000 area. I will publish a chart when I get time away from personnel life and work to show you why the bull trend is still alive short-term and long-term as long as we remain above $460

In the meantime you can follow me on twitter to get quick updates on recommended trades and setups!
tootyfrooty
5 months ago
850-900s and we drop :P
Reply
BuyBitcoin.WS tootyfrooty
5 months ago
its another possible scenario i tweeted my modified lowstrife chart here yesterday: http://prntscr.com/bhlpuc
we can drop from 840-950 and double bottom at $520-550 then moon end of 2016 or beginning 2017 will see
Reply
rivet.popper
5 months ago
Where do you see LTC going now, given the fear surrounding ETH?
Reply
BuyBitcoin.WS rivet.popper
5 months ago
I wouldn't be surprised if LTC revisited its old 2013 ATH @ $30-45 per LTC (as long as ETH completes its H&S and crashes)
Reply
rivet.popper BuyBitcoin.WS
5 months ago
Even if BTC goes to 9000 USD? If ETH crashes I can imagine LTC going a lot higher than that, since, also like 2013, it will be where all traders cash out after making bags of dough in BTC.
Reply
BuyBitcoin.WS rivet.popper
5 months ago
speculating here: Yes if BTC goes to 10-9K USD then LTC will reach $450-360
+1 Reply
rivet.popper BuyBitcoin.WS
5 months ago
Hm, LTC with little downside risk at only 5 bucks and up to 450 USD upside potential = Bet I Will Take.

Even if your prediction's way off mark and we only get halfway there, you can still net a shitload of money if you pick up a few thousand at these prices. Thanks!
Reply
rivet.popper
5 months ago
So was today a bs move like a Mt Gox before the moon? Or is the chart invalidated?
Reply
BuyBitcoin.WS rivet.popper
5 months ago
As long as we remain above the red median line on my chart and do not close below it on the daily then the trend is still intact.
if we go under with big volume then this chart comes into play http://prntscr.com/bhlpuc
+1 Reply
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