My long term BTC prediction
Updated
A lot of my analysis is based off of US markets, DXY, and where I think the economy will be next year. Let's see
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Let's zoom in a bit on the 4 hour. Is BTC printing its famous Adam and Eve Pattern before heading up? ...we shall seeComment
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Path is TBD. Here is another path ideaTrade closed manually
I am starting to think BTC is going down much further unless the Adam and Eve idea posted here ends up playing out. I don't want to give false hope. Good luck to you all. I will post again when things become more clearComment
I'll leave you with this thought on a smaller timeframe so you can compare to your own analysis ... good luckComment
A last thought ...could 16.8k be bottom? hmm..I truly wonderComment
I think we may be printing an ascending triangle now which means the bottom may have been in but of course we shall see. BTC could surely go lower. Here is my updated predictionComment
In the short term, I think BTC goes down over night (US time) into the 13th and hits the bottom (19,150k area) of the ascending triangle and then starts to head up...maybe this extends to the 14th but I'm doubtful. Let's see and good luck to you allComment
It could extend to the 14th...I changed my mind :) ...this idea will be validated or invalidated in a couple of days IMO...good luck to you allComment
Well here we are at the 14th...so far the ascending triangle pattern is shaping up IMO. Could BTC drop down to the wedge line? For sure ...but will it?Comment
Will BTC loose everything it just gained? Comment
Here is a small time frame prediction...BTC seems to be in a pattern of an ascending head and shoulders and then takes off after it hits the neckline from the head...will it happen again? If so it will be a good weekend as I'm predicting DJI will end strong this week as well now but of course time will tell ...good luck!Comment
Which way will BTC go? We will soon find outComment
Its really hard to not think we are going up from here...perhaps a flash crash down and then back up but looks good to me...we shall seeComment
Please do your own research...this is not financial advice. Just my opinionComment
Well I should have stuck with my initial 21k area down...here is what I see for the time being. Good luckComment
I think sideways and up over the next 60 days to match my DJI prediction...let's seeComment
update...Comment
DJI pulling back?...will BTC follow the same pattern? We shall seeComment
Let's give it a couple of days and see if it heads down to the targetComment
can it keep going up? Comment
lots of patience required now...we wait for confirmationComment
maybe something like this ...very curious Comment
My updated long term trading plan...Comment
Bulls or Bears? Let's see who winsComment
Can BTC bounce off of 23.5k or is there more down in the cards?Comment
Maybe something like this for the next month and beyond...Comment
Will BTC take off or do something like this?Comment
Not looking good but its BTC ..anything happenComment
It looks like sideways for a week or so before another decision to me. I am hoping things will be much clearer around that time on which way it may go. We must think bearish and be surprised if bullish so let the market decide...good luck!Comment
If for some reason DJI sells off at the end of the day I expect something like this...Comment
hmm ..there is quite a bit support here..updating targetComment
LOL DJI probably going to find some recovery before the day ends ..that little spike was probably it ...back to sideways for a week or so IMO. We always need to be prepared for a classic while your sleeping BTC drop though... good luckComment
BTC will bounce a bit, but when and where? BTC doesn't look good at all overall sadly and we should prepare for more down in the near future...trade safeComment
thought on BTC's next moves...Comment
Here is my thoughts ...I think folks are scared about the FED meeting tomorrow and it will drop BTC overnight (US time) and then rise back up for a month or so before deciding again what to do with the FED Sept 22 meeting...let's see if this logic plays out. It will all depend on how DJI closes today IMO...good luckComment
another option until tomorrow morning after 10AM EST ...let's seeComment
Well BTC didn't head down to 20k but its on its way IMO. Powell's outlook is grim for market growth that is. Sept rate hike will likely be larger than projected was my take. They must take the necessary measures and it will be greater pain later if they don't act now. Seems pretty straight forward to me. I am not an expert but I would think this would knock markets down quite a bit. How much is baked in to the market now is the question (most expected Powell to be hawkish) I am not able to answer myself. This is for the more experienced trader though I am watching and learning to get there. Good luck and trade safeComment
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After that close by the Dow, there isn't much to look forward to this long weekend IMO. Let's seeComment
On the positive side, prepare for some ALT discounts...Comment
hmm..maybe BTC can stay flat all weekend so some ALTS can rise? ..a possibility before resuming down again next week along with the Dow? We shall see..just food for thoughtComment
I'm not too sure what BTC is up to but this is a fake rally IMO...here is my current thought...Comment
I personally think 15k is bottom but we shall see ...I think a slow rally from this price back up picking up steam until the end of the year...if 15k can't hold brrr...its going to be a cold winterTrade closed: stop reached
Closing this idea as I have another idea open as of yesterday...I think BTC is poised to go lower and this idea may have lost its validity. The CPI report this morning certainly will impact the market in the month of September.Disclaimer
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