Thread: Bitcoin technical analysis

Price actually touched 10K for D leg conclusion of bullish gartly pattern. Let us see if it is going to go around 15K once again.

This is your scetch of this Bullish Gartley pattern.

Originally Posted by ;

That is my current opinion. After completing the ABCD pattern (yellow line), I'll expect it to bounce to 14-15K. . Overall, still a downtrend. image

Maybe.
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Each Year at January Bitcoin dumped. I explained last post/pages...

Originally Posted by ;

quote Perhaps. . EVERY YEAR at January Bitcoin dumped. I explained last post/pages...

I've a longs available from 16K and have been patiently awaiting the bulls to take over. Its despair for my account today.

This thing goes back up eventually, but for now....next service is 9132, subsequently 7897, afterward 5649, but IMHO it wont go beyond 7897 IMHO



Bitcoin does these 30-40% adjustments. . .get used it it...I visit 40K finally....patience.

Here are the dec/jan Bitcoin adjustments of the previous 4 years.

Originally Posted by ;

} Bitcoin does these 30-40% corrections. . .get used it...I see 40K finally....patience.

This is entering the realms of blind hope IMO!

It is bleeding bad today, falling under 10,000

I think there is lots of panic on account of this crypto currency ban and perhaps the speculative bubble has surfaced

Originally Posted by ;

This item goes up eventually, but for now....next support is 9132, subsequently 7897, subsequently 5649, but IMHO it wont go past 7897 IMHO picture Bitcoin does these 30-40% corrections. . .get used it...I see 40K finally....patience.

Its about the level you have said at 9.4K however with current news arriving about banning bitcoin at South Korea and China, I think it will reach 40K

Originally Posted by ;

quote within daily demand zone... eyes wide openimage when the divergence plays outside, 11475 will have to be violated... till then bear rules

behold