Short

#BTC to $8800

By Tin.Foil

Updated

See measurements.. bearish flags all around.

Note

Bearish flag adjustment.. here it is.. We're likely to lose 10% today.

Note

As he says.. Bitcoin is ded.. LOL

Note

So was this a success or failure? ;-)

Note

Final selloff.. Discounts won't last long! Get your cheap BTC before it's sold out!

Note

Updated Target Date @ Mar 1st, 2018

Note

This was my original target of which I believe we are on track for, except that my target dates are off slightly due to the 35-36 day retracement cycle. Beginning of a new cycle and new rally to begin very soon.

I've adjusted my target dates from Feb 20th to Mar 1st (10 days), although the target could be pushed out another 10-20 days due to this extended consolidation period.

#BITCOIN update +235% target $53915 by Feb 20th 2018

Note

So we're right at $8800 as this chart predicted..

However, it's too early to tell if we are bouncing now or flagging. To me, on the 15m chart it looks like we are flagging, which could drop us to $7900 overnight. It really depends what volume does over the next 12-24 hours. We are experiencing high sell volume, so it could continue downward, but I highly doubt it will drop below $7500 for more than a moment.

Here is the current 1h chart.

Note

Bearish flag confirmed.. $7950 incoming..

Note

Possible double bottom with a bounce here at $8600

Note

After that double bounce broke, we fell further from that bearish flag.

We are now showing an inverse Head & Shoulder formation incoming (yet to be confirmed), which will mark the trend reversal or the real bottom. If this confirms, it should confirm in the next 12 hours or so. Let's hope for the best and start making some new gains.

Note

Closer look at the Inverse H&S formation.

Note

Throwback incoming! Trend reversal after the inverse H&S.

investopedia.com/terms/t/throwback.asp

Note

Moving well! Bounce Completed! Moon Incoming! I just bought 50% more crypto, specifically LTC and will be trading with that, but likely moving into a few long term holds.

Trade closed: target reached

Tin.Foil

Also on:

Related publications

#XRP #RIPPLE target $1.05 before Feb 1st.

by Tin.Foil

Cheap #XLM incoming! Inverted Cup

by Tin.Foil

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.