I will be looking for a sell setup inside red box (0.5retr BC wave + 1.272-1.618ext + AB=CD completion). Bearish divergence on 1D chart. Full moon coming very soon. I expect short-midterm trend reversal. TP1: 1196 TP2: 1177 TP3: 1160 Trade responsibly.
I'm not very good at charting or putting my ideas forward but it is something I wish to become better and more confident at in 2017. That being said, I have drawn on the chart what I believe to be in store for Bitcoin and this is how I will trade it. Pink box needs to hold in the next few weeks - smart money bought the dip and will be the main driving...
2018 - 2019 everyone will talk about Bitcoin You will return to Earth or Jupiter
What do you think? Looks ideal after such a dip.
Note: The chart after publishing narrowed done the annotations. Press "+" to zoom in and see the chart as it meant to be seen. Here is my update on the current impending Bitcoin Megabull Cycle. Annotations are on chart! The breakout day as I pointed a month ago is on December 7-8, the fractal I have been using is on par with that thinking. If you have been...
This is one small step for bitcoin, one giant leap for Cryptocurrency.
Slow rally up to around 80-90k sat, then pumping 117% from that position to 170-180k, then falling back down to 80-90k for it's avg long term price. That's 600% at the top of the pump from price value right now, and an average corrected price long term of 80-90k.
After the break of the yellow triangle to the upper side and above 5200 Yuan, we are stuck in a ascending triangle. We have a big resistance above the 5350 Yuan level. We have to break the 5450 Yuan level before we can go up higher in price. The next big support level is around 5100 Yuan. After a possible downward move the price should trend up on the turquoise...
My last few charts failed to pinpoint the exact Bitcoin top. Their were several potential tops at $680, $715, $750-760 to consider from. In the end Bitcoin formed the exact ascending triangle(s) we had seen in the $465 - $360 range. This pattern is not new for Bitcoin, as a matter of fact, the same ascending triangle pattern formed prior to the Megabull of 2012...
We held the daily trend, I think we're entering a consolidation period of about a month after which we will follow the Dollar pump some more. Current long term target is around $930 spot.
Time scale not accurate (actually for any of the recent pubs), should move for a nice retrace tho.
Shilbert btcc-ed this one Gogogo I dont have enough btc for all this garbage....
Tanks refueled, ready for ignition. Sometimes panic buying does help the situation. Please do.
This is a zoomed in 1D chart picking up on my previous Trading View chart of the Bitcoin Megabull Cycle which failed due to the unpredictable Bitfinex hack. On my previous chart we were supposed to bounce at $595 roughly and consolidate a bit further before attempting to retest $790 in September. However, the Bitfinex 70 million USD Dollar hack coupled with...