Weekly Market cycle.
Sit tight till Feb 2019
We should get some nice swings in between then, but mostly a bearish market until next year. Sorry folks.
If you're a hodler have no fear. BTC target for $200k is right around the corner.
Sit tight till Feb 2019
We should get some nice swings in between then, but mostly a bearish market until next year. Sorry folks.
If you're a hodler have no fear. BTC target for $200k is right around the corner.
Comment:
Coming up on a 4 hour Trend Line. If BTC pushes through this we can see more bulls come in all the way back to 9k area where I'd be very careful about buying at that point. If BTC doesn't push through $7800 its possible we head back down to test $6000-$6100 where everyone else wanted to get in, but now are biting their nails wondering if they should get in now.
Comment:
I am still set on seeing 4500-5100 BTC this year. Chances are when it goes to those levels it will be swallowed up by big whales and smart money before you even realize the bottom is in. So if you want to ride the next BTC wave to $100k and beyond I strongly suggest spreading some buy orders between $4400 -5100. You won't ever see these prices again. Trust me.
Here is my updated chart. I adjusted the A wave of this correction back to the first wave down. (Originally, I had it further down to correlate with the last large correction.) Our B wave correction went exactly as planned and sucked in a lot of buyers who thought the correction was over. All targets are the same. And now we are heading towards the lower target after a brief minor correction possibly reaching 7700-7900. Get your capital in place and ready to buy when it finally drops to 5100-4400!
Comment:
Here's a closer look, with adjusted fibonacci levels providing excellent confluence as they syncronize with our targets. Notice how we couldn't draw this fibonacci until recently and it still aligns exactly with what I've been telling everyone. The initial forecast is playing out very nicely. That's the power of EW done correctly.
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Easy now. Very low volume on this move up. My algo's calculated a -30% VPC compared against the 30 day ma volume.
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Bitcoin UPDATE:
Price has reached a counter trend and is exhibiting signs of weakness. Prepare for a pullback!
Price has reached a counter trend and is exhibiting signs of weakness. Prepare for a pullback!
Comment:
Continuation of this thread found here
Comment:
Just click the image above to go to link
