Bullbrain

Bullbrain

12 years after the origin of BTC 12 years of massive gains Never far below the 200 weekly ma Will this ever end in a correction? What we know: -BTC makes nice elliot wave patterns 1-2-3-4-5 -BTC makes elliot wave correctional paterns ABC -BTC retraces after a 12345 to 61% of leg 4-5 This has happened all 3 normal bull runs with tops 2011-2014-2017 And the...

Bullbrain Updated 

Hello friends, no long stories, I have this chart for some time and would like to share it today, because otherwise it will take maybe even more time, to get back to 1K. All the moon boys should sell their coins. NO BITS, NO BUTS just SELL. I have more things to do.

Bullbrain

On the weekly chart it looks like we are heading to around 40K in de coming year. After the divergence and bounce at 20K.

Bullbrain

Expecting something like this, too early to call direction Update will follow when pattern is almost complete

Bullbrain

At this moment we are in bear territory after the 60K top that i predicted. The pattern formed around 60K is a classic rounded top. We are below the 200 day ma for a couple of weeks, which has crossed with the 50. We will probably zig zag down to the 200 weekly Ma, to find solid support for possibly a bullish breakout. The more bearish scenario of the elliot...

Bullbrain

Soon outbreak to at least 42k

Bullbrain Updated 

Compared to the top of 2014 this is quite similar. If we stay below the 0.786 retrace from top to 30K low there's a good chance at this outcome.

Bullbrain

I think we are in a similar situation as june 2017. The push upward aint over yet, but we will have shake out / spring upwards, tot get to the 60K.

Bullbrain Updated 

Because we are retracing a lot to the 42K, I think we are going further up. To the 1.618 extension of the 20K - 3K leg = around 60K. After that, the change is high, that party times are over... This 1.618 is still normal for a irregular flat correctional pattern.. But we will see

Bullbrain Updated 

We have had 5 big waves from 2010 and in this moment we are still in a correctional pattern, with a big upthrust after distribution. This uptrust can go to the 1.618 extension of wave A (20K to 3K in 2018) Wave A, B, and C Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still...

Bullbrain Updated 

Looking at the charts I still believe we are in a correctional pattern. Some people think it's the disbelieve phase of the new bull run, but i think the bear market was too short for that. To me it looks more like a bull rally in a correction pattern. The correction that we had from 20K tot 3K was a basic ABC from the 12345 impulse waves from 160 usd to 20K. But...

Bullbrain Updated 

Herewith a chart patern comparison with the USDSAR

Bullbrain

An option that every trader should keep in mind is the 3-3-5 irregular flat pattern. It's a bit strange that we are above the ATH already after a shorter bear market than 2014 + amount of BTC transactions + USD sent over netwerk etc. are still below 2018 peak, for me that's a red flag and that's why i think we get one more bear market. And hopefully than we will...

Bullbrain Updated 

Sometimes you have to look to the chart with an open mind, and than you see things, nobody likes to see. Including yourselve. My main motivation for this chart is: 1. Bitcoin blockchain transactions are in decline (see blockchain info) 2. Bitcoin blockchain adresses in use are still below the 2017/2018 peak. 3. Bitcoin USD sent in blockchain still below the...

Bullbrain

With this montly close it looks clear that we are going up, but how far? New bull run or expanded flat correction?

Bullbrain

Both distribution patterns form at elliot wave point 5. Retrace down to 61% of top to previous top and retrace up to 78%. After that sideways consilidation and break down after distribution. Yes the support of the 200 weekly ma is strong, but for how long, we will see.

Bullbrain

1. 12345 2. Top 3. Drop 4. 76% retrace 5. Drop Ain't looking pretty on the 3 montly chart.

Bullbrain

Big inverse head and shoulders and going ahead to 1000 usd ?