What I think will happen based off harmonics, fractals and experience. I don't think 10K is happening right now as some people have said and shown in their ideas. I think sub 4K hopefully by mid September. We'll see.
1. Bitcoin down to $3.7K. 2. Bitcoin up to $14K. Buy at $3.7K, Sell at $14K. Profit.
When price moves sideways it usually suggest a continuation. I think we're nearing that end of that sideways movement and soon will resume the trend up.
Sorry guys, no moon yet. We're heading to the bottom at 4700. First price will break the main support (yellow arrow). It will then retrace (blue arrow). Finally going down deep into mount doom at 4700.
Double top 3 legs up done RSI divergence
Could it be? Slight divergence on RSI. 3 Legs up already done. Small trap on 5mins TF Double Top with yesterday's high. Small Risk, High Reward.
Posting a few trades to test a theory. Price should pull back to the 0.382 line before going up with an inverse H&S.
Posting a few trades to test a theory. Price should retest the high before going lower and finally going up again.
Posting a few trades to test a theory. There should be one more leg up here.
It's very easy to forget about the bigger picture. The initial plan was for price to go to around 7400 before descending deep into mount doom at 5500. As shown by the pink lines. Price has broken out of the purple channel and these are the likely target and retracement areas. However, zooming out we see there is in fact an orange channel. Assuming we're going to...
I see something like this happening. Today price could whipsaw along the black channel bottom line, before eventually taking off down, maybe tomorrow. 6000 is the target of leg #2. GL
For those who don't understand what's happening right now and for those who think this is the bottom and we're going back to the moon to set up lunar colonies, I'm sorry to say, not yet my friends. Simply put, there is more south to go, but what does our beloved bitcoin have to do first. It needs to break the channel line in blue. This invalidates the line and...
...without me, but it's not too late to make some serious lambo. I had a small short position reach it's target, but I was planning something so much bigger at the right price. 5500 bottom is still in play but it's happening ALOT sooner than expected it seems. As we failed to break the purple line this shows us we're not going higher but in fact resuming the...
A lot of people are saying the bottom is in, but I disagree. I think we have yet to reach it. 5500 is the bottom for me and will probably take 1-2 weeks to get there. We'll see how this play out. I have also entered in a small short position to hit the bottom of the green wedge. Entry: 7480 Target: 7050 SL: 7910
This post might be pre-emptive, but I expect price to reverse from where it's at currently back up to the green line - a 0.382 retracement. The RSI is showing signs of divergence as well so we'll see. It should then fall to strong support at 5700. This is the bottom. Get ready to load up here. I'm flat for the weekend, we'll see what's up on Monday. GL
We're in an extremely bullish run. There might be some retrace at around 12500 but we should end up 14750 - 15000 in the next 2 weeks.
Finally ETH is starting to move. It was pegged at 10% of BTC for ages. It's still moving together with BTC, but it's falling faster than it which is apparent by the ETHBTC chart. Therefore I predict we should get a leg down to around $285 followed by a tasty 61.8% retrace back up to $1000.
An alternative idea. $14.5K - $15K still the final target, but entirely possible we may have a deeper retracement.