ArtofJR

ArtofJR

BTC could be printing a lower low double bottom with bullish divergence on the 4 hourly. - Double bottom measured move = $13,000 - If price breaks the symmetrical triangle there may be a small pullback at the PRZ for Bearish Butterfly at $15,000. *Not Financial Advice*

ArtofJR

Thought the C point didn't hit .886, there is an area of confluence between .786 and 1.272 ext.

ArtofJR

BTC

ArtofJR

The consolidation is looking more like a falling wedge which has a higher chance to break bullish.

ArtofJR

BTC

ArtofJR

While i prefer to be bullish on BTC, I can't disregard the fact that we broke up-sloping support (Purple Line). - Price needs to break back above the purple up-sloping line to go bullish. - Measured move of the BAR Reversal top from the point of the breakout is the .618 retrace from our major swing low to current swing high - $7236 I see quite a few harmonic...

ArtofJR

I've seen a few people say we could be in the October 2013 phase for Bitcoin. I attached the price action from Oct 2013 and this is what it could look like if we break 20k and continue seeing fomo. If we get a major pullback from here, I would discard this idea. *This is NOT financial advice*

ArtofJR

- Starting points of the pitchfork are circled. Adding the 200% 300% and 400% lines, we can see the price was rejected from the 400% line. - The parabolic trajectory could be compromised if LTC does not hold this current price. (Parabola support is in Purple) - LTC formed a rising broadening wedge that has been broken bearishly. Measured move is a 50% retrace at...

ArtofJR

Measured Move with ideal risk to reward

ArtofJR

The same candle stick pattern played out after breaking the high of previous consolidation. Right now we are seeing the same pattern if Bitcoin closes the daily candle around this price.

ArtofJR Updated 

- Measured move puts us at $9990 - Target 1.272 extension - Stop below .618

ArtofJR

- The Golden Retrace is around 13,400 - If Bitcoin can consolidate above 10k, the .618 retrace is my next target. - I expect a correction once we hit 13k, and looking for prices to stay above the .382, $9500

ArtofJR

- The .382 retrace from the major swing high to swing low is 25% to the upside. - Currently on a parabolic trajectory between the .236 and .382

ArtofJR

- breaking down sloping resistance on the 4 hour. - 4 hour candle needs to close above red line. - todays daily close above purple up-sloping support should signal strength

ArtofJR

- The "Trend Based Fib-Time" from our 20k top to our 3k bottom shows that we are currently within the Golden Zone. - Price action has touched the .382 retrace from our 20k high. - June 2016 was the first time bitcoin touched the .382 in the last bear market. - I used the "Bar Pattern" from the moment Bitcoin made contact with the .382 in 2016, and attached it to...

ArtofJR

Ascending Triangle

ArtofJR

Histogram is in a symmetrical triangle and the moving averages are in an ascending triangle

ArtofJR

- Bearish Bat entry around $8900 - If price breaks $9000, Bearish crab entry is around $9500