This is a weird shape but we can have a maximum low at around 6100 for this one .
I think we'll have a small rebound here .
As shown here we are still in the bear trend , we have to pass 7400 to consider that the rebound really started .
18000 $ for the btc will make a really relevant Gartley pattern . The following would be a dump .
Bitcoin will surely break the sma 100 1h resistance , next resistance is sma 200 around 15800 .
I hope you like my work . Here is a parabolic since the dump of september .
Here is the trend and an arc showing how far btc is far from it . Good opportunity to short .
But i think we can have something like that . twitter.com
The sma 130 1 day which is the level of the corrections of this year is really far . Around 5500 . Really hard to short btc with the actual fomo and the tether possible manipulation but the btc futures arrive on the 10 for the cboe and on the 17 or 18 for the cme . I expect a huge correction somewhere in december . twitter.com
The price of bitcoin is moving with huge cup and handle .
Tomorrow i think we'll have less volatility with lower highs and higher low until it touches the purple arc which is the arc started in july 2016 .
The next days may be crazy . with those arcs close to the long term trend .
Obviously the price can not go back in time . Even with 4 points we can have at least 2 scenarios but the trend is more and more accurate . The fomo may start , just as a crash .