BitcoinUpdated

$BTC Elegant way to end a bear market

This would be a way too elegant fractal. let's see

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Not bad so far. Shifted the downswing date a little earlier due

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Pretty spot on so far. Let's see if we bounce up a little bit now

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Nicely working through the candles. Curious to see if we start going down this month

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Hmmm...

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BTC idea inspired by Tone

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OK, let's see next week

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Some annotations added. Based on previous market cycle of 2014-2015, RSI should breakout above 50 on weekly in the second half of 2019. Interestingly this is the end part of the lower descending triangle (could trap a lot of bears there)
NVT says we're crossing in undervalued territory right now.
Still looking for this weekly close levels

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$3000 target almost reached.
On Kraken and Bitstamp the long term trendline is broken, but Bitfinex still holding on and what a nice setup we have here going into 2019 :):
Ascending bullish triangle if $3200 holds with break of $6000 in the 2nd half.

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NVT just touched ATL from 2015 and bounced

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Weekly RSI didn't touch the ATL yet

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As initially discussed in Aug, 3k-4.5k range still looking a good long term buy opportunity.

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Getting closer to the bottom of the range at $2850 - $2950, where the monthly 50MA resides.

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Weekly price is on the 200MA, WEekly RSI is 29, ATL was 27 in 2015.
A very very good spot buy opp imo is the box

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This worked pretty nicely

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Looking at 1W we have a 50/100 MA crossover lurking in the next 2 months, and void area to be filled into that cross with price at 5k range. that will be the short term short opportunity imo. At the same time I am looking at the potential ascending triangle forming here. People will probably want subt 3k at the bottom of the range after teh 5k rejection in the end Q1 of 2019.

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200MA still providing excellent support. Looking at a possible scenario like below, with a potential bullish breakout End Of Q2

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NVT consolidating like in 2015:

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