workin2005

workin2005

I'm reevaluating my prior count. I don't think the 5th wave ever completed. The wick that touched $7,500 was a bull trap. I'm disregarding it and forecasting a new low of $7,000. Once that completes, wave 5 will be done. From there we should enter the ABC correction as charted. Now I could obviously be wrong on this. I can't tell anyone what to do, but if I had...

workin2005

We might retest the prior support level as indicated by the magenta arrow down. If the support holds and we get a double bottom, expect a nice trend reversal. Another scenario is this may have been a bull trap and /or dead cat bounce. If it is...and if the support fails, we could see new lows around $7K. My hope is we're in an ABC correction as charted. Time will...

workin2005 Updated 

If we have indeed hit bottom, and that's a big IF, we could be in the ABC correction phase. From C I'd expect a bullish wave 1 if this scenario holds true. What do you guys think? I welcome your thoughts, comments and criticism.

workin2005 Updated 

So far my previous prediction is holding. As long as the critical resistance holds and Bitcoin reverses course, I believe we're well on our way to a new all time high. If support breaks, all bets are off. If you're not already in, I'd wait for confirmation of an uptrend prior to entering a position. If you are already in...I'd hold. I welcome your thoughts ,...

workin2005

If we have indeed hit bottom, and that's a big IF, we could be in the ABC correction phase. From C I'd expect a bullish wave 1 if this scenario holds true. What do you guys think? I welcome your thoughts, comments and criticism.

workin2005

Kind of a different count than we projected a few days ago. I looked at the chart again and came up with this. I think as long as the critical support holds, we might see a nice bounce to ATH's following this correction. That assumes Bitcoin -10.94% levels out as well. I welcome your thoughts, comments and criticisms.

workin2005

Kind of a different count than we projected a few days ago. I looked at the chart again and came up with this. I think as long as the critical support holds, we might see a nice bounce to ATH's following this correction. That assumes Bitcoin levels out as well. I welcome your thoughts, comments and criticisms.

workin2005

Critical support needs to continue to hold around 7,000 satoshi's. This is now WELL in my buy zone. If bitcoin -0.94% doesn't drop, we should see a breakout as high as 11,000 satoshi. Personally, I took out a nice position just now and plan to hold until 10,000 satoshi. There I'll take 50% profits. I'll take another 25% at 10,500 and the last 25% at 11,000...

workin2005

Critical support needs to continue to hold around 7,000 satoshi's. This is now WELL in my buy zone. If bitcoin -0.94% doesn't drop, we should see a breakout as high as 11,000 satoshi. Personally, I took out a nice position just now and plan to hold until 10,000 satoshi. There I'll take 50% profits. I'll take another 25% at 10,500 and the last 25% at 11,000...

workin2005

Critical support needs to continue to hold around 7,000 satoshi's. This is now WELL in my buy zone. If bitcoin doesn't drop, we should see a breakout as high as 11,000 satoshi. Personally, I took out a nice position just now and plan to hold until 10,000 satoshi. There I'll take 50% profits. I'll take another 25% at 10,500 and the last 25% at 11,000 satoshi. Stop...

workin2005

Critical resistance broken. Should continue bull run for another 24-48 hrs 0.71% . Excellent entry point in my opinion.

workin2005

Critical resistance broken. Should continue bull run for another 24-48 hrs. Excellent entry point in my opinion.

workin2005

Critical resistance broken. Next target, 0.00010500 on BTC -5.51% chart. Start taking profits at 0.00010000 BTC -5.51% . Exit position at 0.00011000. Obviously this is just my opinion. Make your own decisions...but this looks VERY bullish .

workin2005

Critical resistance broken. Next target, 0.00010500 on BTC chart. Start taking profits at 0.00010000 BTC. Exit position at 0.00011000. Obviously this is just my opinion. Make your own decisions...but this looks VERY bullish.