AltCoinCrow

AltCoinCrow

Continuation (to the downside) squeeze happening now

AltCoinCrow

A different view - BTC log. scale/one-month candles. I've drawn the 2015-2017 trendline and think it's likely BTC reverses around there (sub-$3000's).

AltCoinCrow

Target coincidently touches a trendline

AltCoinCrow

Hello All, Here is what I see for BTC (warning: yearlong consolidation period) 1) BTC bounced on support at the top-most trendline (high $6Ks), where the 50 day MA is acting as further support. Weekly candles being as bearing as they are, the train does not stop here. 2) BTC falls through weak support at first trendline / 50 day MA. The next longterm...

AltCoinCrow

BTC to high 2k’s seems most likely outcome. Long term logarithmic trend line about there, 200 day about to cross through 50 day MA (“death cross”), if this is ABC corrective pattern in BTC, bull trap was spring from high 5k’s to 12.5k’s in February, so the take the length of wave C and add it to end of pattern and we again arrive at high 2k’s

AltCoinCrow

Hit resistance at 61.8% fib. Some hesitation at this level before more.

AltCoinCrow

Look out below!

AltCoinCrow

#HODL

AltCoinCrow Updated 

Doing my best Francis Hunt impression here

AltCoinCrow

If we don't exceed the previous ATH on this second attempt underway now, I think BTC drops down to touch the 231 day MA (like we saw in early November) before charging to a new ATH

AltCoinCrow

But some lost money first...

AltCoinCrow

Angled up is no bueno!

AltCoinCrow

Bounce at 61.8% (7500) or 50% (5000)