Lets put it at this
in mid 2017 the rumors of CME futures drove the price up
However when CME futures were confirmed late 2017
Now in 2019 Bakkt futures rumors drove the price up again
along with Chinese Plus Token Ponzi Scheme Participants
Now here at mid 2019 Bakkt futures now confirmed
Will it be different this time?
Hey guys Just reminding y'all here that Bitcoin is still showing weakness on higher timeframes
Short term i dont think we'll be able to break this descending channel
Price went up too fast with very little consoldiation
In addition to that weekly candles have shown multiple upward wicks which is usually a bearish
Typical correction of wave (ii) normally...
Pretty simple . Buy support at the green line and take profit at 23k -24k
Invalidation below 9750(rule of overlap violated, so invalidates any impulse)
expecting targets to be hit by or b4 EOY
BTC can't believe this thing won't just stop
lots of bullish signals here
50-200 EMA golden cross , adam and eve
If this continues next logical target would be 16k for wave (iii) of (3)
invalidation fall below 9700
As we can see here Bitcoin is having it's usual correction while paving way
to bull season in a year or two
Corrections during a bull run can be 38%-50% minimum from the highs
We've seen this happen during the 2017 rally and the years before that
so it's safe to say that we will probably revisit in the zones of
8k-8.5k and 7800-7K confluent with the 0.5 and...
in the zoomed in picture we see rallies have grown in triples which means we can expect continuation
of the bearish impulse
option 1 has us complete this ending diagonal at 8500 where we can see a rally to 10.6 K after the bottom retest of the wedge(dotted arrow)
Option 2 most bearish scenario is we dump swiftly to 7500 level confluent with the 1.618 fib...
EW analysis show that we are in wave (iii) (volume seems to confirm this)
with wave (5) pending approx 11k-11.2k target for completion of the impulse
typically we will see 3 wave correction of the impulse which provides us a great
opportunity to load up on the dip
Long ladder starting at 0.382 fibo to 0.5 fibo
stops in black &red
target 1: upper boundary of the...
Yo guys what's up
Pretty confusing price action since we started july
but i believe we 've just hit a local low for bitcoin considering most
major altcoins have reached their corrective targets.
The dump also appears to be low in volume which might indicate a trap
In addition to that there is hidden bullish divergence on 4H and 1D oscillators
which is normally...