BeetCorn

BeetCorn Updated 

Alright boyos - heres whats goin down.. 1. Were forming the "X" point of a bullish butterfly after getting rekt down to mid 7000's 2. Weve got a nice bull flag so far, should take us to 9650 resistance, will get rejected at first down to what will soon be support at 9350 and bulls will rally to just UNDER 10k 3. Bears will step in and take us down for an 8k...

BeetCorn Updated 

First off lets start by taking a look at the nasty bear flag we had on Bitcoin during the drop from 14300, which extends down to 9200. We recovered pretty well on this bounce, to 13000 to be exact, meaning the bear flag should take us from that 13000 bounce, down to 8250 area, which coincidentally happens to land directly on the 0.786 fib support, and a STRONG...

BeetCorn

Lets start with the SEC ruling link: www.banking.senate.gov This ruling happens at an interesting point on the chart ( 2/6 ) Obviously the notion is that the news will be negative, but.. i guess im channeling my inner optimist here.. My Other charts show a different scenario of the same timeline - but what if the US has positive news vs negative on 2/6? I...

BeetCorn Updated 

First off lets start by taking a look at the nasty bear flag we had on Bitcoin during the drop from 14300, which extends down to 9200. We recovered pretty well on this bounce, to 13K to be exact, meaning the bear flag should take us from that 13K bounce, down to 8250 area, which coincidentally happens to land directly on the 0.786 fib support, and a STRONG...

BeetCorn

With the way Bitcoin has been bleeding the last few weeks, we are running out of support levels, a historically strong support level has always been the 200MA.. i think this may be the last line of defense, and here's why: 1. Take a look at the long term trend line from 1800's ( Bright Green ) - It intersects perfectly with the 200MA @ 7800's - and to me, if...

BeetCorn Updated 

Simple chart analysis here, nothing fancy. Weve formed a mother of a decending triangle since the drop from the 16,000's which.. if broken.. could spell complete disaster for Bitcoin First support : 8250 Second Support: 6100 These are scary times indeed!