BITCOIN (BTC) cycles
Updated
Hello all,
BTC have been amazing all year long, but now I see signs of an over-extended pattern in the medium term.
All my indicators make me think it will retract soon. And this time, might be more than the usual retractions we got used to.
The TD Sequential Indicator has a peculiar moment where we are completely align in 3 of the most accurate time frames (Monthly, Weekly and Daily). All time frames will have a 'nine' candle ending after Sunday close (see charts below).
And also, the 10K touch of the value is a well known psychological barrier.
So, prepare yourself and be cautious in the next Days/Week.
If the event occur, we might be going down during 1 to 3 months or in the best scenario we might be moving sideways.
Long live Bitcoin. We are here to buy the dips.
NOTE:
This is only my opinion and don't use it as financial advisory. Always do Your own due diligence and make Your personal decisions.
Daily
Weekly
Monthly
BTC have been amazing all year long, but now I see signs of an over-extended pattern in the medium term.
All my indicators make me think it will retract soon. And this time, might be more than the usual retractions we got used to.
The TD Sequential Indicator has a peculiar moment where we are completely align in 3 of the most accurate time frames (Monthly, Weekly and Daily). All time frames will have a 'nine' candle ending after Sunday close (see charts below).
And also, the 10K touch of the value is a well known psychological barrier.
So, prepare yourself and be cautious in the next Days/Week.
If the event occur, we might be going down during 1 to 3 months or in the best scenario we might be moving sideways.
Long live Bitcoin. We are here to buy the dips.
NOTE:
This is only my opinion and don't use it as financial advisory. Always do Your own due diligence and make Your personal decisions.
Daily
Weekly
Monthly
Note
As always news can mess with your TA.And we have huge news from NASDAQ. Bitcoin futures too be traded there also. After CME announced the same.
Source:
wsj.com/articles/nasdaq-plans-to-launch-bitcoin-futures-in-first-half-2018-1511968313
So, the dip might occur, but the 1-2 month sideways seems unreliable
Note
So many people asked me for predicted bottoms and then reverse.I will not tell it, because i really don't know, but i will point to 2 good resistance points. Especially the 2nd (lower one)
Note
CME confirmed Futures trading... forget the bottom... it's going up i think.Note
Here's the source for the news.CME Starting 18 December
news.bitcoin.com/cme-group-to-launch-bitcoin-futures-december-18/
December 18th
Note
Maybe TA is stronger that those news.I'll stop following the price. That's why i don't like to put values... it's really hard to get it.
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