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frupreneur
Oct 5, 2018 10:44 AM

BITCOIN " BULLS COME KNOCKING" Long

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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AUGUST 15Th we Published an Idea wherein

we were focused on the $4800 support for a

possible bullish turnover




The BULLS However seem to be knocking right about now

as a break of the bearish trendline will let them right back

in the game, otherwise we wait for the $4800 discount as

initially forecasted

Comment

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FAILED TO BREAK, Pullback now underway, Watch $4800 bottom for bullish discount.
Harmonic PatternsChart PatternsWave AnalysisBitcoin (Cryptocurrency)bitcoinforecastbitcoinpriceBTCUSDBTCBTCUSDTbtcusdlongbitcoinlongbitcoindollar
Comments
davvolg
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After last small pump a brilliant pattern (starting from 18 October) that much visible on 15MIN timeframe.
Should it be possible?
frupreneur
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@davvolg, can you show up what you looking at? all i see down in the 15M is a bullish Flag holding grounds
davvolg
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@frupreneur,
davvolg
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@davvolg, to rove I see that also:
frupreneur
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@davvolg, Nice catch mate. Note however that such patterns determine compression and predetermines a stronger break IN EITHER DIRECTIONS. That blends well into the bigger picture, either we break that and the trendline above and go bullish or break down and head for a better discount before the big bulls kick in.
divan1004
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In case of the H&S pattern. volume is very important for the pattern. Bitfinex also shows some H&S like pattern but it has been invalidated by volume of each head. I guess.
Just as your chart, BTC is standing at the milestone and it needs to determine its direction to go.
We need to watch out the fake break up & down.
4K sounds quite resonable to me but who knows. XD.
Good luck.
frupreneur
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@divan1004,insightful thoughts. I agree, fake breaks are typical with bitcoin and at this particular decisive moment i wont be surprised seeing some show up.
frupreneur
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@divan1004, Anything below $4000 i consider to very good discount for longer term buys as a drop from 20k to 4k is a 1/5 drop. Thats literally buying low and selling high
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