Something like this may play out. The fibs all line up. It's just the matter of when moon. I don't see us going lower than 3k for sure. My bet is either 5.7k, 5.1k or 4.4k should end our suffering.
This bull pennant in BTC shorts is making me very uneasy about the imminent moon mission everyone is predicting....thoughts?
I think one last diamond down and we can fly hopefully.
Since diamonds are bitcoin's best friend, the Bitcoin shorts want in on the diamond action too. Let's see if this plays out. This is bullish scenario for Bitcoin.
At least a tiny little $200 pump is upon us from this diamond. I've been calling these ridiculously accurately the past few days. Let's see if this one works out also. For a more significant pump, we're going to need more shorts and less longs. People are just FOMO longing like there's no tomorrow.
Well, we all know how this ends! I don't know about you, but I'm trading the kitty cat.
Too early to tell, but since bitcoin has been doing this diamond pattern over and over again recently, I think it could play out again.
Another diamond possible forming. If we see this pattern complete, we know what's next!
Let's see if this works out. Also possible dump to 5.5k then 7.2k then 4.4k.
Well well well....what do we have here! Another tiny diamond targeting $6666 if it breaks to the upside. How fun!
If we don't pump in the next few hours, I'll be inclined to say we are in a tiny diamond pattern which will bart us back to around 6400 and from then we'll see.
Possible factal scenario for bitcoin. Need those shorts to go higher and longs lower to have a better bounce.
Just an educated guess of how this correction may play out. 6k - 5.7k prior low small bounce. Then 5k will fall on hyperawave level 2 support line which should theoretically produce at least a decent bounce if not a reversal. I think ultimately 4400 region will be bottom at the .786 fib level.
From a purely technical analysis perspective, I think continuation of a downtrend is likely. We have a H&S pattern forming on the daily, we have MT. Gox periodically selling massive amounts of BTC and we haven't gotten oversold RSI on the weekly yet. I would also like to see at least some bullish divergence on the daily RSI, which hasn't happened yet either. ...
Amazing the power of the mind. If this $7400 level holds, I will now have 100% accuracy rate (3/3) on my psychic predictions of Bitcoin price using lucid Dreaming and remote viewing. See attached link for my prediction back in April of Bitcoin going to $7430 before moon. My first ever post here on Tradingview was back in March when I predicted Bitcoin to top...
She's living on the edge called the 50D MA. Let's all tell her life is worth living!
Based on past behavior, this path may play out.