shazzan

shazzan

here we go again looks like another H&S $9500 ish maybe

shazzan

yep looks like another bull flag is forming. moving my stop loss up 8750 ish

shazzan

When you stare at the chart too long

shazzan Updated 

So looks like we are creating a second bull flag above the 50 EMA and the 200 EMA. Still in a overall bear until we get confirmation. So I am setting my Stop Loss around 8200

shazzan

Not sure why people are calling a breakout. I don't see any sign of breaking the recent channel in pink or the 50 EMA. Yes it does look like a bull flag and I am ready for a breakout but I am still bearish.

shazzan

This is a copy of BTC with a dog logo

shazzan

Hey guys so I just wanted to share my thoughts . I love the idea of BTC and I believe the future is good. But as of now I think we are in a long bear cycle. based on the last cycle at the end of 2013 we could be in this until around September 2019. With a final price around $4000 I don't think that fundamentals are relevant to TA however I do like listing the...

shazzan

Yes BTC just now bouncing off a support from 3/2017. Right after a bear flag and a negative h&S .

shazzan

There is alot of resistance here no matter how you look at the chart. I am still long because the hash difficulty chart is still bullish. but the market is showing all kinds of mix signals

shazzan

Looks like big things are coming. The last time I published an idea it was $8500 ok 50% $8500 but i did see it . If we see a lower I would imagine a year long bear market. need confirmation either way

shazzan

like i said in earlier post there was a 50/50 it was going to drop to 8500 looks much more likely now

shazzan

The price is still within where I predicated a bounce at 11000 possible to the 8500 . You can see the red and green lines that show the possible bounce. We can now see a head and shoulders forming confirming the change in trend. the arrows show where similar patterns have formed suggesting a 50/50 bounce down.

shazzan

although I see a strong uptrend It does still seem likely we will test to the 8500 mark before continuing passed the 1100

shazzan

my professionalonal TA assesment

shazzan

Repeating cycles arrows and other stuff

shazzan

It looks like we could be at a bottom of a commonly repeated cycle. never mind the rainbows

shazzan

although its passed through several support areas I don't think the news in South Korea will hit till tonight

shazzan

still some time correcting everything looks good for a long position. eventually.