Perhaps balance must be restored in the universe before the masses can embrace the greatest financial opportunity every presented to them. We'll see, you definitely don't want to see bitcoin below 8k again...
Note
Time for a handle? Note
Waiting on the 50 MA/downtrend channel/Vegeta test : ) Watch for a big wick. Alternatively...if we start closing candles above the 50 MA that would be uber-bullish but I will bullieve it when I see it. Note
hmmmmmm..... #bitcoin weekly chart working on a morning star candle formation at the 50 MA with some beautiful hidden bull divergence. Defeating Vegeta clears the path to 12k...at least.Note
Either going to 4k or 12k...I think 12k. Note
broke the blue channel looks like shes ready to go to 12k and beyond.Note
Looks like a wave 4 Note
Count still valid...looks like a 3-3-5 flat correction. Note
If the daily closes as is or lower (only an hour and half left) we are going to 7400, probably 7k. Lets hope we can get back above 82-8300Note
Either we get back above 8k here or things start to look ugly...there is still some nice potential bull divergence on both the 4h and 6h chart though so I think we will. Possible we get shtu down at 8250-8300 but there's still hope left for the corn IMO.Note
When it became apparent early today that the daily candle was going to get destroyed and the lows would not hold I became bearish. Looks like we are going to test the bottom of the big triangle (red)Note
Oh forgot the link : ) here it is: Note
To be clear i don't think the count is correct anymore (so deleted it from the chart)Note
Daily chart showing signs of interim bottom...should could take a run at 8k here and possibly even the top of the triangle if we can break through that level. Even if we do have a nice rally a big pull back towards the end of the week is possible, so be careful. Should be interesting to see how the following week plays out and closes, should probably give us hints as to the next big move. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.