*This is no financial advice*
Im no experienced trader, neither advising you to follow my idea.
Based on simple trend lines during the last year of bitcoin chart, the recent growth was just too much, so a correction is expected. According to my idea, that is gonna happen in the next 3 days. We are gonna experience a small rise in the upcoming hours and followed by a sudden drop.
Lots of altcoins are about to "moon" - Etherium is having a rise due to Capser testnet being announced, XRP its still overhyped - and many others are about to follow. Bitcoin dominance keeps going down -slowly- so if no big money enters the game soon enough, then those money have to be taken out of something. Guess what that something else is gonna be?
*drum roll* Yes! Bitcoin!
My target is gonna be 11.1k USD +-2% at around 6/1/18 +-10hrs.
Im no experienced trader, neither advising you to follow my idea.
Based on simple trend lines during the last year of bitcoin chart, the recent growth was just too much, so a correction is expected. According to my idea, that is gonna happen in the next 3 days. We are gonna experience a small rise in the upcoming hours and followed by a sudden drop.
Lots of altcoins are about to "moon" - Etherium is having a rise due to Capser testnet being announced, XRP its still overhyped - and many others are about to follow. Bitcoin dominance keeps going down -slowly- so if no big money enters the game soon enough, then those money have to be taken out of something. Guess what that something else is gonna be?
*drum roll* Yes! Bitcoin!
My target is gonna be 11.1k USD +-2% at around 6/1/18 +-10hrs.
Note
Its going up as expected, lets see if it will pass through 15.7k before going down.Note
It seems like its making a nice bull flag on the one hour chart. It has potential to break the old green trend line and get back on track. We will find out in a few hours.
Also the whole market cap has a new all time high so we might not see a second drop after all.
Note
Seems it didnt get any higher, the initial idea its still valid.Note
RSI 50
MACD about to crossover
Its seems like it would get back to the old trend line today. Lets see.
Note
Alright, i may be overthing this a little, or my maths are way off. OR BOTH ! Heh
Either way, i moved the lowest point possible a little higher (small red circle) and added 2 box entrances to the rally!
Use the grey area if you wanna get back to bitcoin, safe entrance.
Use the green one if you are feeling risky, greedy, or paranoid like me !
Note
Seems like BTC is recovering. Some good publicity slowly comming in again.So, this idea may never happen or its getting delayed.. I will keep this up for a week or post a new one if something dramatically changes.
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Alright guys, unfortunately i got all my charts deleted during the weekend i had to start over. SO! I think that BTC got bumped by fake news around 5/1 ( red circle).And the LAST ( hopefully) correction is happening right now. I tried to replicate my old orange line but i dont remember the exact calculations i used ( that makes it approximate). Note that it can still go down to the red one ( not shown in the picture) But i believe that it will go all the way up from there.
Good luck.
Note
Trade active
If you want to get in, i think this is the last chance!enter: 14.4k
stop loss: 12.8k
Order cancelled
updated idea : 
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.
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.