Thread: Bitcoin technical analysis

Originally Posted by ;

Bitcoin Technical Analysis This thread is devoted to technical analysis of the various Bitcoin and crypto-currency pairs. My very own egy is Elliott Wave analysis combined with Fibonacci relationships in price action as a way of understanding previous action and predicting price behavior. But, analysis amd talks in this thread are not limited to these methods. With the overall newness of crypto-currencies and the total amount of hype surrounding these - and Bitcoin specifically - this thread will serve both as a knowledge...

Great analysis! Fantastic job.

Time come to beat at 12000 and go up until 40000 in june

Bitcoin Elliott count since the low of 6.2. :

Who has the right glass ball ?
Is the Horizontal correction of wave ii a C or common Failure type ??

Hourly Bearish

Strong support = 9 375

Resistance (stop Missing) = 10 000





MARCH 9th

Originally Posted by ;

Time come to conquer 12000 and move up till possibly 40000 in june

I might dampen your excitement...

Perhaps 6000 first.

Chart. . .12k or 6k. then upppp. Nasty stupid punters station....

I don't advoe selling of course

!!

Cryptos are highly volatile and the market is unregulated. Technical analysis can help you find trade thoughts but it cannot be used to forecast short term price movement reliably.

Ok actions is back. Simply put trendlines on daily. G20 dont want control crypto.

Originally Posted by ;

Ok actions is back, now to 11 000. Just put trendlines on daily. G20 dont want control crypto.

BTCUSD remains quite a ways from 11k. It is at 8800. The trend remains down however a look on the daily shows it has been floating at the top half of that downtrend which does point to the risk that on a short term we are nearing oversold and some consolidation is most likely coming which stands a chance of pushing about 11k.

Attached is your chart.

?When I visit a bubble I rush into buy, adding fuel to the fire,? (soros)

Well completed m3rlin when was it when you purchased at 22 ?