BTC - 27 September 2019 - IMPORTANT - Bull and Bear Targets
Hello dear friends
I have been charting both the bear and bull scenarios for a while - generally bear.
Here is my bull and the bear scenarios. There are based on elliott waves and fibonnacci numbers.
BULL SCENARIO
THE DESCENDING TRIANGLE we had has at least the target to lower 7k to 6k. So I think it is reasonable to buy from those levels.
We can directly continue the bull market from those levels. I think that FOMOing before those levels is unnecessary. Check the youtube moon boys they are FOMOing so do the opposite and wait.
HOWEVER if the correction decides to continue here is what I think. Bitcoin will go to 6-7k levels and will accumulate or bounce a little bit there for a while. Then another fall can occur to 4-5k.
HOW CAN YOU TRADE
You can start buying from 6-7k levels and if it falls to 4-5k add to your position...
BEAR SCENARIO
In this scenario there are some question marks in my mind.
First of all if this scenario plays out what I think is that it will be really fast. A wave = B wave + C wave considering time will be the best timing prediction.
Why?
Global crisis is approaching and I think that it will not have a bad effect on bitcoin. It will have a neutral or a positive effect on our community.
Either Bitcoin will be considered digital gold and go beyond the moon or it will stay the same.
So it we are still in the bear market I think it will end fast.
My Bear targets are the same.
Considering Fibo retracements you can start buying at 4k levels to all the way to 2k.
I wont be lying like some other analyst that I know everything and I am the best and I know it all.
When bitcoin dipped and a lot of the were calling for 1k I insisted on 6k s coming.
However I did not consider breaking that and going all the way to 13k. Yep that was NOT included in any analysis of mine. And I was shocked!
Most of you know me as a bear. I was an ultimate bull before November 2018. I was naive and did not trust my analysis. I was watching people like Sunny Decre mm crypto and other moon boys and trusted their analysis instead of mine. So I found myself at the bottom of the market with holding tons of shitcoins. I got liquidated because of my IOTA trade and I had no idea what I had to do next.
So I just got rid of watching other people got my elliott books and worked for weeks on my own.
Right now I watch the moon boys on youtube all the time. But this time I watch it to do the opposite of whatever they say.
DO NOT FORGET MY FRIENDS
If everyone is saying the same thing DO THE OPPOSITE. I know it is super hard and I still cannot manage it but that is the truth.
Every morning I check the TV latest analysis. I check if who has changed their mind completely. I always and always check the November 2018 of the analyst before following them. The next analysis I check is the 3k to 13k analysis they have made - it is enough for me to see a 6k target - I do not look for 13k predictions. And now I will be adding this September 2019 descending triangle to my checklist.
Do not forget my friends November 2018 descending triangle prediction was really important - I was not here so I do not have any analysis on it published. Just like the descending triangle we just had.
Have a great day everyone.
I have been charting both the bear and bull scenarios for a while - generally bear.
Here is my bull and the bear scenarios. There are based on elliott waves and fibonnacci numbers.
BULL SCENARIO
THE DESCENDING TRIANGLE we had has at least the target to lower 7k to 6k. So I think it is reasonable to buy from those levels.
We can directly continue the bull market from those levels. I think that FOMOing before those levels is unnecessary. Check the youtube moon boys they are FOMOing so do the opposite and wait.
HOWEVER if the correction decides to continue here is what I think. Bitcoin will go to 6-7k levels and will accumulate or bounce a little bit there for a while. Then another fall can occur to 4-5k.
HOW CAN YOU TRADE
You can start buying from 6-7k levels and if it falls to 4-5k add to your position...
BEAR SCENARIO
In this scenario there are some question marks in my mind.
First of all if this scenario plays out what I think is that it will be really fast. A wave = B wave + C wave considering time will be the best timing prediction.
Why?
Global crisis is approaching and I think that it will not have a bad effect on bitcoin. It will have a neutral or a positive effect on our community.
Either Bitcoin will be considered digital gold and go beyond the moon or it will stay the same.
So it we are still in the bear market I think it will end fast.
My Bear targets are the same.
Considering Fibo retracements you can start buying at 4k levels to all the way to 2k.
I wont be lying like some other analyst that I know everything and I am the best and I know it all.
When bitcoin dipped and a lot of the were calling for 1k I insisted on 6k s coming.
However I did not consider breaking that and going all the way to 13k. Yep that was NOT included in any analysis of mine. And I was shocked!
Most of you know me as a bear. I was an ultimate bull before November 2018. I was naive and did not trust my analysis. I was watching people like Sunny Decre mm crypto and other moon boys and trusted their analysis instead of mine. So I found myself at the bottom of the market with holding tons of shitcoins. I got liquidated because of my IOTA trade and I had no idea what I had to do next.
So I just got rid of watching other people got my elliott books and worked for weeks on my own.
Right now I watch the moon boys on youtube all the time. But this time I watch it to do the opposite of whatever they say.
DO NOT FORGET MY FRIENDS
If everyone is saying the same thing DO THE OPPOSITE. I know it is super hard and I still cannot manage it but that is the truth.
Every morning I check the TV latest analysis. I check if who has changed their mind completely. I always and always check the November 2018 of the analyst before following them. The next analysis I check is the 3k to 13k analysis they have made - it is enough for me to see a 6k target - I do not look for 13k predictions. And now I will be adding this September 2019 descending triangle to my checklist.
Do not forget my friends November 2018 descending triangle prediction was really important - I was not here so I do not have any analysis on it published. Just like the descending triangle we just had.
Have a great day everyone.
Trade active:
A close below 21 MA can trigger this chart...
A close below 21 MA can trigger this chart...