YbarraMarco

YbarraMarco

looks obvious to me. We all "Hope" btc moon, and it will. But all at its due time. dont fight the trend. dont try to catch the falling knife. Bear market not over yet.

YbarraMarco Updated 

6k being a strong support would play perfectly into this picture perfect fractal which would signal be the point of trend reversal. In case this support fails the next weekly support by sma and by descending wedge would be around 5.3k

YbarraMarco

Moving averages resistences line up perfectly for elliot waves, And I usually dont use waves. Ima go long while shorters start crying. GLHF Not trading advice.

YbarraMarco

Should fall a bit more and close the red weekly candle to start a fresh green one above the 10 week sma.

YbarraMarco

As everyone says "History repeats itself." And they are correct. What they fail to see is the difference between 2017 bull run and previous ones. If you look; The 2014 bull run weekly is vertical. 2017 was spread out over a longer period and time and most importantly.... It had 4-5 major corrections during the run. This is why its different. And why it already hit bottom

YbarraMarco

Less likely but totally possible bull scenario bounces of the 20 50 and 100 smas

YbarraMarco Updated 

Short term there is enough space between the daily moving averages to make a climb back out of the downtrend and stay above 7k. Historically this is unlikley as BTC has a tendency of losing 70-90% of its value before making hella gains. If BTC fails to hold 6-7k support it would continue on a downtrend until it around the beginning of Q4 Where most bulls come...

YbarraMarco

and it doesent care about your shorts

YbarraMarco

The one year trend line support is unbroken on the log scale. We seem to be inside a forming head and shoulders with 2 trend lines pointing at the 7945 bottom we hit.

YbarraMarco

Reverse head and shoulders forming inside the 1 year log trend line.

YbarraMarco

Some posts are saying BTC is about to break the one year trend line which is true if you draw it at the close of the candle. As you can see here if you connect it by the wicks it remains around 7400. My previous post predicts a double inverse head and shoulders which if correct has the possibility of dipping down to the trend line which would then finish the wedge...

YbarraMarco

Reverse head and shoulders inside a larger reverse had and shoulder.. Possible head forming could go down to 7k followed by a huge upswing. into ATH

YbarraMarco

Reverse head and shoulders

YbarraMarco Updated 

Been consolidating in a ascending triangle which could break up and continue a bull run, but the Dailey Rsi is so overxtended its 50 50 rn, If it breaks up I will buy the retest support at 17k If it breaks down You can get a brief long trade from 13.5k to 16k Then a short. Im really hoping for a 8k, would love to buy that low. We all know the honey badger...

YbarraMarco

Same analyses as last time but this time we have solid trend line confirmation. TPs are short -800-1k mid - 1k.-1.4k Long 1.5-2k

YbarraMarco

Lets keep it simple. After a near death experience and it still being at the lowest it has ever been before its not only begun to show a small uptrend, It has finally not only crosse but found support one of the most important moving averages to bounce off on the daily. also, on the 1 and 4 hour the moving averages have fanned out in an uptrend...

YbarraMarco

BTC and BCH hedge eachother we all know this , will BTC double top and BCH Rebound of the 20 and its trend line for a BCH rally? or will BTC Break thru and continue to 10k?!?!

YbarraMarco Updated 

Leaving my personal opinions of bcash at the door this looks like a possible trade forming up. First Fundamentals, We all Know for the most part BCH and BTC tend to hedge eachother. After such an intense run last night it would make sense for it to take a breather before it honey badgers its way to 10k. Which would give Bcash a small upwards movement while BTC...