bitcoin

Positive scenario for mid-term

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello guys, I'm back again with mid to long term charts. Looks like my previous take is not going to happen at least on that time.
I will try to chart one positive and another negative so I have a better change to improve my time fib skill. Consider these charts experimental or just a draft as this is a WIP .

I took the target by crossing a fib circle with a time-fib so this has a great chance of failure either on positive or negative scenarios. But it will later serve to improve my skill on those tools.
Comment: Market hit the 0.786 from inside getting some resistence as expected
Comment: This idea is still completely valid, provided we got past the circle resistence show on the posted negative scenario idea, 7.3k more or less. That is the key "water division" between bullish and bearish for next months.
Comment: Our negative scenario got invalidated, another negative can show up anytime but for now I stick with this positive one. I have now two intermediate targets at 12k and 13.2k:

Comment: We got a perfect hit into our 12k target, despite not in time. Market did retest the 1.0 circle fib, so it may just go or acc a bit more around the 1.0 circle. ATH and also 50k still possible from here
Trade closed: target reached: 50k target reached but market should hit the 1.618 circle fib for final target

Comments

Thanks for ur info
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lovely avatar again, I always wanted it to be anime character but it is just for you :P nice targets. agreed.
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bitcoin trueorfalse
@trueorfalse, thank you !
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As always, thank you
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bitcoin caroleg
@caroleg, thanks for commenting, share if you willing to do so
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Thank you for sharing. Would you consider scenario of July pivot being a bearish one into October being bullish ? Like 7200- fail of previous supp, test of bottom 5000-4000, into pivot upside ?
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bitcoin thevenirto
@thevenirto, yes the 1.0 circle fib and also 0.786 will be key points on where market will go bearish or not. Anyway need to wait and see 0.786 reached first. Thanks for commenting.
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bitcoin thevenirto
@thevenirto, See my new idea for Negative scenario
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