See measurements.. bearish flags all around.
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Bearish flag adjustment.. here it is.. We're likely to lose 10% today.
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As he says.. Bitcoin is ded.. LOL
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So was this a success or failure? ;-)
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Final selloff.. Discounts won't last long! Get your cheap BTC before it's sold out!
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Updated Target Date $54k @ Mar 1st, 2018
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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.
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.
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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.
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.
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Bearish flag confirmed.. $7950 incoming..
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Possible double bottom with a bounce here at $8600
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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.
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.
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Closer look at the Inverse H&S formation.
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Throwback incoming! Trend reversal after the inverse H&S.
www.investopedia.com...erms/t/throwback.asp
www.investopedia.com...erms/t/throwback.asp
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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
