Bmello

Bmello Updated 

Let the chart do the talking. Only thing I will add is we hit .618 back upward . Prepare for a Chinese New Year dump.

Bmello

This feels very unfinished and struggling to hit that target. I'm planning for a sharp pullback to 7980-8k before giving it another go. Happy pump Friday everybody.

Bmello

I have been aiming for up to 8900 and crash. This is just one bullish 3 wave move Idea, that caught my attention. Look to the left and the support in the blue box. We will correct down from here, but I'm starting to want to buy that 7500ish dip.

Bmello Updated 

I have wanted to tag 8900 for the longest. I'm not liking that idea any longer. I think we get a 3 wave swing. Looking to buy 7850 -7890 for a move back up to 8660. From there I would like to get a deep correction down to 6900 before the last and final move up.

Bmello Updated 

Watch 7300 going to try to tag 8900 for the C up of a proposed Triangle. Ending result Descending and epic break down after the shuffle.

Bmello

After careful review on the weekly, I just can't justify the bullish, still making lower lows and lower highs. Going to aim for 6k and ride the bull trap back to resistance near 7800.

Bmello

This has been a disaster of a structure to figure out. One thing is bullish we are still above the lower half inversion and kept 7050 support. Looking to attempt a tad below at $7030 with the aim of scalping out near 7600, and getting back in once we find the last low. 8k potential still.

Bmello

I posted this morning a bearish structure that is not going to play out. I'm looking for BTC to pullback to $6730 area take us back up to 8k. expecting a huge down move the size of the first leg back down.

Bmello

This morning we crushed all major moving averages yet again. Pre-Christmas trap? Three black crows on the daily, thats bad news, watch your back! I'm going to take aim at 5950 and attempt a ride back up to 7500. This is not bullish just corrective.

Bmello

This morning I was projecting 8400's to close to 9k. What arrived is this channel. Feel much safer aiming for $8310 right on the 987 daily EMA, and attempting a move to the top of the channel, but it may not exceed $8600 on this pass.

Bmello

We are clearly bearish,. All time frames. We have broken every normal moving average on the Daily. Currently struggling to cross the 610 EMA and under us is the 987 EMA. If we were to get a similar structure from the low 3k's we may traverse back down to the 2.0 Fib extension, at $6420. From there we have the potential to impulse back up close to 9k.

Bmello

I have been vigilant about not trading in this current range. I still feel we get as close to double bottom as possible, $3200 is my preferred bid, but it could floor anywhere in this range between $3150 and $3270 on Binance. If it all goes according to plan we get a final pump back to the top and dump. Not looking for any signs of trend-reversal. More down after.

Bmello

I'm rushing this out, because if we get this B down on the contracting triangle we may be heading for previous highs.

Bmello

All price is doing is attempting to break above my ascending trend-line, but it can't so it's grinding it's pathetic way up. Expecting the start of C if we manage hit $3950. Targeting the top of the blue box at $3580 give or take.

Bmello

This was one of the more interesting counts to determine. It may have been an extended 3rd, but regardless I'm going to label it A. Red doji on the daily chart give me confidence we get a decent pullback soon. I'm targeting $3430 on Binance for our B leg with the intended targets to $4400 before a deeper correction.

Bmello

Bitcoin could breakout after a small pullback into the $3700's