Aniketgoel

Aniketgoel

I believe we are in a rising triangle on the daily chart and we are going to break down and test previous lows. It could take us to our trend line of previous year.

Aniketgoel

Every time we went down we retraced to .618 Fib level, This time .618 leads us to $7000 If we move in this channel then we might hit $7000 by mid October that coincides with CBOE futures October expiration date October 17th

Aniketgoel

I believe once 200 EMA crosses 350 EMA from above we might see the bottom and end of this bear market. After that we can start asking the moon questions LOL

Aniketgoel

Spotted a Strong Harmonic pattern The Butterfly. Bitcoin might finish this before reversal. Neutral Position as of now.

Aniketgoel

I believe Bitcoin will bounce between 7800 and 7000 for a couple weeks before breaking the 7800 resistance and then it will finish the inverse Head and Shoulder pattern. Shorting bitcoin around 7700 might be in play with tight stop loss.

Aniketgoel

BTC/USD Neutral position until end of july

Aniketgoel

Looks like the bears are slowing down, time for a long position. Long position $9100 Stop loss $7500 Potential upside 50% - $13500 Date of target - March 5th