Selby Bitcoin Price Analysis
Updated
New price/time prediction system of extrapolation based on linear regression and EMA .
This call has two different lows first $5967 and then $5561. If we go below $5686 on the 1day we will be on our way to new ATH's if not we can expect more sideways action for the foreseeable future. The call ends at $6484 on December 3rd.
It is interesting that most everyone thinks 6K is so strongly supported and the bottom is already in. The BTCUSD instrument has hundreds of millions of dollars sitting and waiting at 6k so I understand most peoples ideas about that being the bottom. However in order for BTCUSD to have another true bull run, sentiment must turn negative first which it has not done yet from 19k-6k, so when it falls bellow 6K then we will see tons of FUD and bad news on the internet, only then will we get our next big bull run and it will turn fast!! This call will be invalidated if we pass $6780 on the 1day.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
This call has two different lows first $5967 and then $5561. If we go below $5686 on the 1day we will be on our way to new ATH's if not we can expect more sideways action for the foreseeable future. The call ends at $6484 on December 3rd.
It is interesting that most everyone thinks 6K is so strongly supported and the bottom is already in. The BTCUSD instrument has hundreds of millions of dollars sitting and waiting at 6k so I understand most peoples ideas about that being the bottom. However in order for BTCUSD to have another true bull run, sentiment must turn negative first which it has not done yet from 19k-6k, so when it falls bellow 6K then we will see tons of FUD and bad news on the internet, only then will we get our next big bull run and it will turn fast!! This call will be invalidated if we pass $6780 on the 1day.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
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This green price/time extrapolation line is getting hit hard, that's a good sign for the validity of this call. Note
$6287 11/14 15:00UTC Note
The above target of $6287 was reached. New price/time target $6105 11/17 06:00UTC Here we are being rejected at the structure line...
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:bear: ETH/BTC :downtrend: -33% +190% :uptrend: :bull:This is the current 5X short trade position on Kraken.
s3.amazonaws.com/tradingview/snapshots/y/YVzlhyca.png
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$5297 was todays low, this calls first 2 targets have been hit!Note
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here is the original call day 11-4 for the timing of this drop Note
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Bitcoin to the dollar, I am now long from $4737 Note
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Double Bottom Note
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$3746 target hit Note
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long scalping BTC in the last 14days would have given 48% 1X 
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