Modified Time Node on Bitcoin Daily - Target $295-275Bears:
This is my modified version of Time Node from Tim West applied to Bitcoin. So far I have been very successful with this method to forecast accurately the next moves of Bitcoin. I also am using a fractal from the previous ATH of $680/$660
The annotations are on the chart. We are currently starting an 11 days bearish cycle with the possible targets below:
$360-350 (if you are buying here have very tight stoploss at $347)
$325-315 (recommend to buy at this previous mode)
$295 (achievable with max volatility only)
$275 (achievable with max volatility and margin calls)
Bulls:
For now the bulls do not have a case in my opinion until the halving. If I see a change I will first post on my twitter-1.35% account and then follow up with a new chart when I have time on TV.
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Timenode
Bitcoin Bear and Bull Fractals at Crossroads AgainBears:
Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315.
Bulls:
If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of $650-680
Note: Any bad news e.g. BitcoinXT Fork etc. can wick down Bitcoin to $275 then shoot it back up.
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