I gotta be honest with you. I am still bullish for BTC, because of two possible bullcounts, but my gut feeling tells me there is more pain ahead.
Today I am presenting you 3 likely scenarios, without comment:
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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all because of these Mt Gox bast**** selling off millions of dollars worth of BTC on the markets. Anyway, by the time there's not one single BTC to sell, price is gonna surge big time whatsoever.
You post is of great quality, for I too think each of these 3 possibilities have like 33.3% chance to happen...
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I think we got some time to stack up more btc before next bull run . Without Mtgox crash , btc might have reached 40k by now .
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All options are up which looks good.
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Generally when reverse time in the market, we see H&S bottom formation. And now Bitcoin chart has a big H&S formation and bullish trend as soon as possible. Have a nice day my friend.
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wow very Nice post i like it.....
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Grüß dich sieht so aus das rocky zu einem bit bot geworden ist da er jetzt bei steembot tracker zu finden ist. Schade!
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ja, ist halt viel profitabler für ihn ...
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Very good topic friend greetings from venezuela I follow and vote
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Yo tambien soy de venezuela! Te empece a seguir, seria bueno que me siguieras tambien.
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I'm with you long term. Price found buyers at $8400 and is taking out the sellers at $9350 currently. In order for the trend to change on the 4 hr chart, price needs to take out the sellers at $10000. My 1st target if this happens is $10500.
We are range bound on the daily chart. Price needs to take the $12000 level out to resume higher longer time.
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Help one to be guided. I already follow you and vote for your post
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I think we have hit a March low and now will continue on an uptrend
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Either way , the outcome is the same. Up!
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The second one is my main count for now.
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Your analysis on the head and shoulders seemed to have worked so far and you predicated the recent low at 8350.
My gut tells me that this is the one.
Are you less confident in this scenario due to the lack of impulse upwards? I mean you did say you are still bullish (I mean with your gut.) Many thanks
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I am not seeing big buys yet. A clear sign that the BTC bulls are alive would be great, but I guess that would be to easy and not enough pain. Most speculators loose. Even hodlers loose if they sell now.
Pic 2 seems to be what's happening at the moment.
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Thanks for your insight.
I just posted an article about Pablo Picasso art exhibition. Not sure if you are interested but you seem an intelligent guy so thought you would like.
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