By all means ignore this idea. I have 0 TA experience, just my thoughts and some numbers that I put together that just so happened to fall on the B2X fork date.
I noticed quite a few bounces from previous ATH.
ATH X .61 always seem to be a key correction #.
First we went from $775 to to $470.
775 x 471 = $472.75
Another $2960 to $1830
2960 x .61 = $1805
Then we went to $4980 to $3000
4980 x .61 = $3037
And now we are going from $3,000 to what I believe $8200 as
8200 x .61 = $5000
Ignore the wave counts. New with charting tools.
Thanks for viewing!
I noticed quite a few bounces from previous ATH.
ATH X .61 always seem to be a key correction #.
First we went from $775 to to $470.
775 x 471 = $472.75
Another $2960 to $1830
2960 x .61 = $1805
Then we went to $4980 to $3000
4980 x .61 = $3037
And now we are going from $3,000 to what I believe $8200 as
8200 x .61 = $5000
Ignore the wave counts. New with charting tools.
Thanks for viewing!
Note
Looks like we will top off scratching the surface of $7500 (may trigger stop losses so wick me extend to $7550) before the next leg down.... Atleast I hope. I will be shorting soon and placing a buy order at $7010... May go as low as $6850..... or hell we can just go completely downhill from there. But so far so good, no changes made to the graph. Note
Bouncing off perfectly... I wish I would've followed my own TA. If it breaks above $7600 and closes.... Who knows where it's going.
Bounced perfectly off the previous green buy zone.
Note
What I'm seeing. Note
Not enough momentum to close out onto of the resistance line. we may be bouncing off on a downtrend for a few days. We may not retrace much if any. So trade at your own risk.
Note
Going down. I have a BTC order at $7109.If it fails we may go down to the $6800-6900 area.
Note
Perfect bounce off the trend line. Dropped down a little faster than expected but my order got filled on the wick :) Note
If sell pressure continues we may visit the $6800's area. Note
If we break below the yellow support line we are headed to the 6100-6200 level. Which I'm sure that's where the whales will like to accumulate more BTC for it's last run up to the $8k level Watching both zones closely. Hopefully I can get to night trade some of the downfall.
Note
We wont correct as much in my opinion. Not until the fork at least. Still bullish to the $8k+ mark.
Note
Nothing has changed. I still believe BTC is not done going up yet. I'm sitting in FIAT as I type this. May go in with a little more confirmation. Note
Peaked $7900. Volatility lost due to B2X cancellation and BCash FUD.Note
Still headed for it's $82-8300 mark. Nothing has changed besides the crazy volatility. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.