It's been a while since we've posted anything, and the reason is we've been too busy making money.
I've read a lot of reviews in the last few days, some really good ones from educated and smart people and some not so smart ones.
But almost none shows the bigger picture that, as everyone here knows, is the first thing one should see.
The good old school gives us a...
There is much concern in bitcoin technical analysis at this time. I even saw some analysts claim that the standard is "breaking the law" (laughs). That is simply what is happening.
Get ready for a bust between US $ 2,000 and US $ 2,200.00, keep a 2.5% safety margin. ;)
After the correction A B C, we can see the formation of an "M", a double top in the chart of 1 hour in Bitfinex, Bitstamp and other exchanges.
We also see the formation of a shoulder-head shoulder with the escape of a pitchfork and to close with a golden key, seeing the 4-hour chart, we have the silent formation of an Elliot B-wave correction.
Well, the signs are...
Hourly chart in Bitfinex.
Well, after all the nervousness caused by the lower break of the high channel and the news of the resumption of fees charges by Chinese stock exchanges that have caused the volumes to fall there, I bring you a good possibility.
The breaking of the channel was nothing more than necessary for wave 4 to be completed. Everything is perfectly...
Can I just be seeing a mirage?
Analyzing Bitfnex in 4 hours, I see this possible low channel formation in a long-term bear configuration.
If you analyze any other large volume exchange you will find the same thing.
In this case in my previous analysis, wave 5 could be making a double top with wave 3, and in this case this possible low channel would gain...
A China manda correto?!
Podemos estar vendo o final (não apoiado pelo volume) de uma clássica onda 5 ou parte dela pois podemos seguir até 12000.00!
Ademais prováveis pontos de suporte, com o imediato e turbulento suporte entre 5169.28 e 5629.44.
O tempo dirá!