Bitcoin has found itself once again in a descending triangle. The last time this occurred Bitcoin broke below $6,000 to $3,000. This time Bitcoin will break down, but the descending triangle target is now $6,000 where it previous broke below to retest as support. This can either confirm the bull run, or send us back into bear market. Important price...
Here are your supports and resistances to watch.
Fractal has been following very closely. Beware of what’s next.
Bitcoin has yet to experience the true correction following its parabolic rally. It needs to confirm the parabolic support line as resistance. Once it does, it is rejected fiercely with potential downside targets at: $8000, $7,200, and $5,800. I recently left BitMEX after the recent fiasco to trade $BTC on PrimeXBT - primexbt.com
Remember after Bitcoin hit $20,000 it held at $13K for a bit before falling to $5800? That's where we are right now! Here's your roadmap. If I make you rich, feel free to donate: 3MAPf7PBPoeR4E2voHXGqMzcMD2uJkFUAE
Bitcoin's bull run is going to go on vacation for the summer. Bears are out of hibernation temporarily. Here's your trading range to accumulate before the real bull run begins. ALSO - take this as a reminder to "be fearful when others are greedy, and be greedy when others are fearful."
Bitcoin is at the most critical point yet - Fib fan resistance from ATH on most timeframes. Re-accumulation phase, or new bull run. Full thesis coming soon, but this is the critical point. You won't believe what I've found in the charts of every Bitcoin bubble cycle. I have cracked Satoshi's code.
This is what I am expecting based on the ways the lines intersect. Arrows included for buy and sell points.
Come with me if you want to profit...
More than anything in crypto I like to watch for fractals. Before I could draw a line in charts I noticed similarities just due to the human brain looking for patterns. Well here is the mother of all fractals that hopefully makes me famous on TradingView. Behold: The mini-2018 bear market fractal. Thus far, the February low and the April low will have been...
Third times the charm? Or will be continue downward with whatever algo whales are using? Inflection point right now. I'm neutral because I feel upward screws over the market more, but the chart definitely tells me down.
Speaks for itself. Expecting to retrace the fall back to one of the fibs, before another trip to just under $10,000. $10,000 = the new $6,000. Repeated attempts expected. Except not expecting it to break. If it does, $6K = $3K before we go back up.
Do bears really think it'll be that easy? I think we're seeing a mini-$6K again with $10K as support. We'll get a few bounces making a descending triangle that takes us to $6K as the new "bottom" and $10K becomes the new $6K. This is the scenario that takes us there. I'm only 60/40 leaning bearish slight short term, full-blown bull long-term. I expect healthy...
My first published idea on TradingView. I've been crushing it lately, but no one ever sees my charting. I don't necessarily expect this to play out perfectly, but give it maybe a higher probability of continuing the bullish climb in Bitcoin rather than going sideways or falling back to lows.