COINBASE:BTCUSD   Bitcoin / U.S. Dollar
See measurements.. bearish flags all around.
Comment: Bearish flag adjustment.. here it is.. We're likely to lose 10% today.
Comment: As he says.. Bitcoin is ded.. LOL
Comment: So was this a success or failure? ;-)

Comment: Final selloff.. Discounts won't last long! Get your cheap BTC before it's sold out!

Comment: Updated Target Date $54k @ Mar 1st, 2018

Comment: This was my original target of $54k which I believe we are on track for, except that my target dates are off slightly due to the 35-36 day retracement cycle. Beginning of a new cycle and new rally to begin very soon.

I've adjusted my target dates from Feb 20th to Mar 1st (10 days), although the target could be pushed out another 10-20 days due to this extended consolidation period.

Comment: So we're right at $8800 as this chart predicted..

However, it's too early to tell if we are bouncing now or flagging. To me, on the 15m chart it looks like we are flagging, which could drop us to $7900 overnight. It really depends what volume does over the next 12-24 hours. We are experiencing high sell volume, so it could continue downward, but I highly doubt it will drop below $7500 for more than a moment.

Here is the current 1h chart.

Comment: Bearish flag confirmed.. $7950 incoming..

Comment: Possible double bottom with a bounce here at $8600

Comment: After that double bounce broke, we fell further from that bearish flag.

We are now showing an inverse Head & Shoulder formation incoming (yet to be confirmed), which will mark the trend reversal or the real bottom. If this confirms, it should confirm in the next 12 hours or so. Let's hope for the best and start making some new gains.

Comment: Closer look at the Inverse H&S formation.
Comment: Throwback incoming! Trend reversal after the inverse H&S.



https://www.investopedia.com/terms/t/throwback.asp
Comment: Moving well! Bounce Completed! Moon Incoming! I just bought 50% more crypto, specifically LTC and will be trading with that, but likely moving into a few long term holds.

Trade closed: target reached
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Nope.




Head and shoulder was completed. Yes. But max we are looking at is 10k-10.5k for now.

then we have 5-6k test coming next week. may be lower.
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LTC will close in on the 4:1 ratio before end of year .. smart purchase will be 5:1 before year end
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I am relatively new in this, what is possible to happen after an H & S fomation?
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Tin.Foil Coin_Future
@Coin_Future, https://www.investopedia.com/terms/i/inverseheadandshoulders.asp
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Coin_Future Tin.Foil
@Tin.Foil, Perfect! :)
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I said weeks ago the only retracement unchecked along the climb from sept to dec was 8-9000 and retracemt 50% retracement would be 8200 .. only up from here .. everyone hold your pants up and don't bend over to sell
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Holy moly the amount of nonsense FUD all at once .. all the big boys want in ! This year is going to be killer can't wait !
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What do you think the mining community's impact is on the BTC sell offs? They obviously made large investments in equipment with big dreams. And then when they here the FUD, or some might analyse the charts they get cold feet and sell their mined BTC everytime they fear another drop. It could be that that many miners are selling the BTC they collected/earned on a monthly basis just to recuperate some of their investment costs. Is this community large enough to have such an impact on the price dumps?
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Eldal dawie125
@dawie125, yes
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We are looking at a major crash now.

I feel sorry for anyone who has lost money and hope the person recovers their money later.

CFTC is going to block all futures contracts. Forget ETF, the CBOE and CME listings are likely to be removed too.

https://www.coindesk.com/cftc-beefs-bitcoin-futures-review-process/

Be prepared. We may have a major crash incoming.
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