BTCUSD: Proper 2013-2015 comparison...
Updated
This is how it's done, objectively, not just copying fractal patterns like many do.
I see this as a clear bear market, we just got started, so, don't HODL like fools and get ready to short rallies.
Best of luck,
Ivan Labrie.
I see this as a clear bear market, we just got started, so, don't HODL like fools and get ready to short rallies.
Best of luck,
Ivan Labrie.
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I'm long short term, then I will flip short higher.
The swings are very tradeable if you're skilled, and manage risk correctly.
Long from 9428, wanted to get confirmation from lower timeframe and daily, but weekly is down, so we need to be careful.
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Weird out of the blue drop, but might remain sideways before going higher still, let's wait and see I'd like to short higher, ideally.
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We might gravitate around this level, while sideways, low volume here, seems to act as support - 
BTCUSD chart Trade closed manually
Playing it safe, I sold spot, waiting for more clarity, the drop below support is not good news, but it could also bounce. Let's stand aside and wait. Ultimately, we need good odds and positive risk reward to trade, and here the long lacks both. Last: 9080Note
Check out this chart: 
Halving is indeed critical...explains the 20 month bear market.
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Looks like we are tracing the weekly downtrend indeed.Trade active
I'm long once more, from 8100.A possible scenario...then we can reenter shorts.
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It appears the move started in BTCUSD Order cancelled
BTC: Daily downtrend signa ends tomorrow, right on time for the G20 news -if I'm not mistaken, correct me if I'm wrong- I'm in cash since the last uptrend failed -pictured above- I didn't update here but my clients and me sold nonetheless.
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Prices could bottom in one wild swing after landing anywhere between 4900 and 6940 Note
Life can be simple with the right tools...BTCUSD chart Note
BTC could be building a new 7 day decline signal here Note
I think the FOMO is exhausted, stops have been hit, now we have to wait for the G20 to be out of the way, I'd be willing to bet we see a fall from here, but still risky to act ahead of the news - BTCUSD chart Note
The weekly downtrend in this chart might still be in control, for 2 more weeks or so, we might continue lower, sold at 7090 and waiting in cash. Was long from 6545, for a nice 2.36% profit.Trade active
#BTCUSD acting strong in the daily and weekly, heading for a strong daily close, we may get a chance to exit longs at the 11k zone Weekly downtrend failed to hit target, right on time, same as my prediction, matching the 2014 move, just not how people usually compare it. I compared on the basis of the chart signals and the time implications from the current events. Trying to fit a pattern without any rules won't work.
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So far so good: We approach the top zone, it might be there in a few days, and grind sideways before falling again. Maybe we see this top align with the Concensus event by May 15th. People are starting to get bullish again (so damn late!).Trade closed manually
I haven't updated this idea on time. My clients had the real time alert though. We're in cash currently, sold at roughly 9135 anticipating hard to predict volatility. There's a chance we hit the top already, but it could grind on for longer, we won't know until we key some time pass.Note
Likely sideways since we had no follow through down in 2 days.
If we do hold around 8800-9200 we might get a new tight stop long entry with big risk reward, likely culminating in fulfilling the weekly forecast of a top at 10762-11300 by early June or sooner.
Trade closed manually
I'm out of long positions, back in cash...waiting to short. Last 9816.7To be safe, I want to avoid risk from weekly sellers suddenly frustrating the daily uptrend. Keep in mind we're in a bear market in the longest term timeframe, and it can turn the tide suddenly, once long term sellers act again.
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The 9914 level held, weekly sellers regained control after being tested once more...market is tracing the bear market pattern, while aligning to time at mode rules.Note
Market traced the bear market pattern I had anticipated correctly, the question now is: will it bottom around here, or, over time break down lower and test the 1500-1850 support zone?I want to see more overwhelmingly negative sentiment signals everywhere, and fundamentals align for a last shakeout decline, to rapidly bottom and conclude the bear market before going long. I'm flat until I'm convinced it's time to buy.
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