Bitcoin
Updated

BTC USD - Envelope

712
Note
This lines on bitfinex. Maybe go bullish for more 1 month.

snapshot
Note
......before make another pullback
Note
1st bulltrend

snapshot
Note
2nd bulltrend
snapshot
Note
3rd bulltrend

snapshot
Note
The first 3 bullruns are the 5 fractal waves of the 1st main wave, with 5 years duration (2009 to end 2013) .

After that we had a boring low (2014/2015) - the second big wave.
Note
Since 2015 started the 3rd main wave, with lots of fractal waves and a big bull trend

Now we are in a high parabolic, there is no exact target to define a sale, however the line for purchase is in 90º, so from now on, any purchase is high risk.

snapshot
Note
The second great wave I mentioned above

snapshot
Note
Making some adjustments on the line .. It's insanely 90oº


snapshot

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.