About meI study medicine at Medical University of Warsaw. I am a member of European Medical Students' Association. In case you wanna tip me, here is my bitcoin address: 1Nq17yzUm44amQEvCE5tUSjCrvP8nXqvy
Wherever we go, we are still stuck in the white channel. I don't see much hope for the next bubble. It is just a regular descending channel. Don't forget the possibility of breaking down soon (red arrow).
Stop Loss: 210 USD
Comment: We can see, that the first Gartley was a very nice example of the theoretical model from the link. There is a strong possibility that the second will be similar.
Target: 200 USD
SL: 260 USD
It seems, that we can observe the third bat formation here. The both ones were successful for me and helped me with recovering from MT Gox loss. Let's see, what will happen this time.
Stoch RSI clearly overbought.
I was wondering, and I am sure that you were too, whether this is the end of bitcoin or not. Hopefully, the bitcoin economy grew massively during last year. I am sure, that this is the one and only factor which blocked bitcoin from falling apart.
Have a look at the chart. Isn't it a beautiful, regular structure? Is it similar to the bubble?...
As you can see, we are sitting on the support once again and the shape in green is pretty much the same as in June. We're gonna hit the red line and fall somewhere near 200 USD. But before - why not earn some money? Stoch RSI is oversold.
Whales are not eager to bid in the bitcoin auction. It is not a good sign at all.
This surely won't help us to go up again. Because we are at the end of the yellow triangle, the only reasonable result of the news is a downward movement.
Three months ago I published an idea (see: Related ideas) which is still very possible.
I added more bad news that I googled. I updated the bats to be more precise, but my prediction of C in the second bat was perfect. Let's see what about D.
Have a look in RSI - it looks very bullish (yellow lines). We shouldn't have much to worry about.