I've labeled this as neutral since I don't want to mislead anyone and also because I stand by my previous post: Bitcoin can ALWAYS go either way and there will ALWAYS, in retrospect, be a technical analysis-based explanation/rationalization for the move.
That said, I think when we look at the monthly chart we can clearly see a pattern with Bitcoin's bear and...
I have been a trader for 13 years and traded through the financial crisis . I have been around the block , gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN TRADING ROOM OF VERY INTELLIGENT TRADERS AND...
At present, we have a lot of longs closed in the footsteps, as well as the liquidation of marginals. The percentage of fear is currently at a high level, and few people want to buy.
In the current situation, consolidation occurs, an upward rebound is possible (impulse correction), and then further with the greatest likelihood a repeated wave of decline will occur...
I will start this post off by referencing to one of my favourite quote ;
''That which offers no resistance overcomes the hardest substances ,that which offers no resistance can enter where theres no space" Lao Tzu
For this case ; very few people can comprehend manipulation without seeing it,,or understand the value of non action in a market full of overly...
Here is my view on BTC there is possible AB=CD RSI 50% cross, but still we have to wait for Bitcoin to breakout of the jail, I will look for possible L & S opportunities.
Hit a like for me, If you like the idea.
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We made adjustments to the wave map.
We expect the completion of the correction and the beginning of growth towards the level of 14000.
We recommend buying bitcoin at levels 9700-10000.
Stop loss of the scenario - 9500.
Breaking $BTC down into quarters..
Q1 ~ Alts ran all of quite impressively from New Years Eve pretty much until April 1st.
Q2 ~ Literally day 1 of Q2 we mooned, and found the top at the end of it.
Q3 ~ We're here now, Is this re accumulation or distribution? BAKKT launches in two weeks just before Q4.
Q4 ~ What do we think is going to happen?
btc price broke big neck line and now is doing pull back to neck line and then it will start a new downtrend.
is it true?
if this pattern be true next target is in 4400.
please follow me on twitter @adelteimouri and share your opinion with me.
The buzz around Twitter implies BTCUSDis ready to start climbing again, and at first glance at the daily chart, it's easy to agree. But lets take a look at the higher frames, which ultimately win 9/10 times when it comes to incoming moves.
Buy volume is typically generated in one of two ways
White Swan News Event
Massive price dump
As of the time of this...
So this boring sideways phase of BTC is really testing our patience. But for how much longer can it go on? Well, if look at historical situations where we had very similar structures, this already happened twice. The first time in 2012, and then in late 2015/early 2016. Two things are happening which point to the timeframe
where a breakout will happen with a very...
So it seems that BTC is not doing the gold chart fractal. It is now almost certainly ivalidated.
Instead, it does what it always liked to do best: Long plateaus after a small pre-rally.
This rally from 3k to 14k was really similar to the one in mid 2012, and the one in late 2015/early 2016.
And every time after such runups, btc like to relax for a long...