As anticipated Bitcoin is likely going for a fake brakeup before dropping like a stone. Placing asks within the yellow box (2950 - 3150CNY @BTCChina). Happy Tarding!
Dump in progress... BiTaniC syle. Happy Tarding!
Just thought it was time to publish this update to my earlier 'Fun with Time Fibs' series. Basically it's a study of a recurring time scale pattern in the Bitcoin price structure that harks back to the beginning. According to the pattern we are fast approaching a significant turning point toward a new all time high, with almost as many days between the previous...
Bitcoin has been in a monthly uptrend for some time, but still hasn't reached the target. Currently the weekly chart had given signs of a potential decline, but said decline is now failing to confirm the downside, giving way to a potential long trade. I'll be looking to enter longs by the weekly close, aiming for a 58% to 100% upside, risking more or less 20% from...
Also Bitcoin did not move quite as expected. However, the inevitable dump is still in play and will most likely be incoming this weekend. Happy Tarding!
Can´t deny the similarity. Just sayin´... Happy Trading
...ask yourself why in the hell would see Bitcoin such a breakup here. Sorry, but I find that rather silly...
Had to clean it up a bit. Top of the tops... Bye bye Bitcoin. All shorters. Enjoy!
Two possible scenarios of which B seems significantly more likely...
This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume...
Break down 2435CNY (BTCChina) IF you really want duhm. Interesting times ahead in any case... Happy Trading!
Messy(!). Baised. Bullusional(?) Seems like Bitcoin arrived at a big decision point here which might determine the direction for the next weeks - if not MONTHS - to come. MUHN NAOW, or duhm later. IMO. Very interesting in any case... Desired TARGET: 4025CNY+ With regards to the downside a proper dump to at least low 2400s must be expected. Happy Tarding!