BTC_Dreamer

BTC_Dreamer

Major resistance levels: $7550 (current), $7750 (most probable) and $8000 (most profitable short) Major support levels: $7000, $6600, $6000 (most probable), $5500 (most profitable long). $8000 level is very important because it's also at the long term downtrend line. I would say the moment BTC touches that trendline (up to 8.2k), it will be the short...

BTC_Dreamer

This one is pretty eerie how similar it is. See my previous post for 7.8K Top scenario and 7.4k Top then 5.5k crash. Will post bullish scenario shortly.

BTC_Dreamer

This factal is from the February crash. Could play out this way if this is not a bull trap scenario I posted before.

BTC_Dreamer

This very pattern happened in February crash when the price peaked above the 4hr 20MA, formed a bull trap and crashed. This factal gives us an idea of where the price may end up if we crash around 7.4/7.5k.

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Diamond reversal targeting 7.6k

BTC_Dreamer

Bitcoin loves patterns! This is a factal that may take us to 7.6 - 7.7k. Will post a bearish version shortly.

BTC_Dreamer

I have to admit I've had bullish bias and I'd like to be more objective from now on and look at the evidence. This factal from February crash seems to be playing out in a similar manner, taking us to possible lows in mid $5000s after a small pump to $7500 or so.

BTC_Dreamer

Adam and Eve Bottoming Pattern! One can only hope, right?

BTC_Dreamer

As much as it pains me to say this, but this factal looks even more convincing than the previous one, which says double bottom at 6k. FML

BTC_Dreamer

Not my favorite pattern, but it's very clear here in BTC and thought I'd share. Next target: 7.6k

BTC_Dreamer

More close up factal from February drop. $6580 bottom seems most likely now.

BTC_Dreamer

According to the last bottoming pattern from early February, we are almost there! This factal shows one final small push lower and we should bounce! $6580 - $6620 should do it!

BTC_Dreamer

This is one of my favorite patterns. Target 8.4k - 8.5k before probable plunge to 7k.

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Crazy how my previous graph is playing out almost exactly although the purple doodle was just general direction. I think if it conforms to the previous 3 patterns, this bounce shouldn't go higher than $8300 and then $7600/7700, then bigger bounce to $8550, then crash to $7250 - $7000 for a massive bounce and a possible reversal of bear trend. If it goes over...

BTC_Dreamer

Simple tend line analysis. 4 lines to watch. Blue line has been support since July 2017 and and will land us at $7200 - 6950 range and is strongest IMO. Pink has been support since parabolic move started one year ago at $800 and would land us in 4.5k range. Orange line is support from November 2017 lows and would land us at $6580 range. Green line is most recent...

BTC_Dreamer

Please see description in chart.

BTC_Dreamer

As shown in my previous ETH graph of the bullish bat pattern, ETH seems to be reversing its downtrend. Inverted Head and Shoulders also forming to push to the first fib level.

BTC_Dreamer

Seems to me this price range cannot get any better. ETH pretty much did a full retracement and the only way it could dump more is if Bitcoin completely falls off the cliff. Also 1 year trend line support. Hopefully it'll test $470 again so we can all jump in! Even if it won't, this price is a great buy also.