Been watching this formation and I was shorting the market during this long sideways action, thinking that we always tend to see a pretty good dump of bitcoin before we see the big pump. This combined with the upcoming Holiday sales, Black Friday and Cyber Monday where there is a good chance that Overstock.com will have record sales in BITCOIN, we'll see this...
Upside from the bottom of the C&H with target $620 on Nov-21st. Buy and HODL. No shorts. Let it Moon!
We complete this massive C&H and bump to 750 from <200. Buy at 200 and buy everything you can!
Borrowed this chart from Emanance and Hectate. Key point is look at the Media Attention area. If you're looking for repeating patterns, this could be a very good sign.
While building the first Bitcoin bubble... First major drop, 27% Second drop 53% Third drop 19% Fourth drop 38% Fifth drop 49%
I'll put this right here and refer back to it later, but looks interesting at this time.
Target tonight 444, target tomorrow after the retrace $570-650 (570 being likely, but FOMO factor may push it to 650).
Batman signal in the sky.. we shall fall through the ichi cloud to the last resistance line at $350 within 24-28 hours.
6-8 hours, China will awaken again and pump. Late night Chinese traders may start pumping around noon MST.
Targets by January $544-700 reasonable? Cup-handle formation and inverted head-shoulders.
Bitcoin.. 30 days, 88% growth. I've been talking about this for 2 years. Yes, we took a hit from about $1100 to $150 over the past 2 years. But I've also told you to buy and HOLD. Bitcoin is now being traded on the stock market and is legally considered a commodity. Maybe it's time you get in, before the price is double that of an ounce of gold. I can't even...
Imagine climbing that hill, suddenly some stalls along the way, you decide to jump out before going to sleep. Resting safely in fiat, I awaken 1 hour into this micro bubble burst.. The flash crash. A retrace was required with all of the pumping going on. Thankfully I was out or I would have lost it all on 3:1 leverage. Time to get back in one these waves settle.
I've revised my target for $340 based on the completion of a massive Cup-Handle formation that began in August. Pump to begin tonight and last through Saturday night. I probably won't be shorting any retraces throughout the weekend due to the upcoming rally.
If cup and handle formation is correct, target is 316 for top before retrace to 288 and stabilize around 293
large cup-handle, handle includes 2 rising expanding wedges, one large, then another smaller one following it, completing the handle for breakout heading north to $316.
Revised, cup-handle forming, target 316
This will put us back right at the 2 year downtrend where we can struggle to force the breakout or be pushed down continuing the cycle.
Completion of the previous expanding wedge, target $251. This will put us back right at the 2 year downtrend where we can struggle to force the breakout or be pushed down continuing the cycle.