Thread: Bitcoin technical analysis

Very dangerous situation. It'll be something in case 13000 wont maintain. Crooks from wallstreet will push prices on futures to ~5000, and in spring, then goldman and others will build their own appliions to exchange BTC, they will load up full. And little men will sufferm as always.

Originally Posted by ;

quote Noticed the bullish divergence. I'm waiting for price to breakout over 13.3k~13.9k range.

It's preferable to buy on ...

statistical excesses
(return to the mean)

upon confirmation of a breakline (m30)

P.S.
(entrance into Fibonacci ...
... pullback: entrance, sl, TP)

Only added my brief position. This will touch the lower trend line in a matter of time.

Originally Posted by ;

Thinking of waves means ... thinking of a (trading)plan (entry, sl=be, TP) If it is preferable to enter on divergences (break of trendlines) or ... on statistical excesses ... P.S. (on market confirmation ...) in h4 there is a break of ma200 a blue arrow no divergence out of 60 bars

I do not know if there is a correlation between Dax and Bitcoin ...

If so ... That the Dax ... I think we're in the next leg of corrective wave 4 (b5)

P.S.
Awaiting the b5 : 1 2 3co 4 5 = (a propulsive wave) and Also ...
the C waves: a(c) b(c) c(c)

An AbC correction:
a(a) b(a) c(a) b1 b2 b3co b4 b5 a(c) b(c) c(c)

Inside 4th wave (Composed 3 rd wave's: 123 45 bull market)

Originally Posted by ;

quote I do not know if There's a correlation between Dax and Bitcoin ... If so ... That the Dax ... I Believe we are in the second leg of corrective wave 4(b5) P.S. Awaiting the b5 : 1 2 3co 4 5 = (a propulsive wave) and ... the C waves: a(c) b(c) c(c) An AbC correction: a(a) b(a) c(a) b1 b2 b3co b4 b5 a(c) b(c) c(c) Interior 4th wave (Composed 3rd wave's: 12345 bull market)

If so ... (if the analysis is Right)

a little 'down,
then double Greatest and ...


P.S.
... then it takes the lows = AbC correction
... at the days to follow

I think we continue upward from here! Korea FUD will blow over by tomorrow!

Originally Posted by ;

After dividing down to 12.5k, I'm in again on the long run. Not too sure if the week's smallest was printed, I was actually expected it to split 12k down to 11. xk. In case the week's smallest already printed, we might observe a bull fee to maybe 17k as what our Elliot genius, Mag00 is waiting? @Mag00

Closed longs @ 13.6k. Gont wait and see what happens. I'm kinda expecting it to go above 14k

Edit: anybody noticed the hidden bullish divergence on Daily chart?

Https://www.tradingview.com/x/Vjza24xe/

https://www.tradingview.com/x/nRDAoGA5/

https://www.tradingview.com/x/Vjza24xe/ Station still in place

Ok, quite expierenced trader only told me be careful with shorts, now large boys are accumulating long positions. They couldnt get in at 17000, therefore tehy reduced price to shoot BTC from startled crowd. So he said to shoot longs below 13500.

Originally Posted by ;

Big boys want to load today, and ride to 20000. Look also at fundamentals, cnbc and fox company boosting again btc, ameritrade ceo, jimie dimon, very liitle chance for bear market In my image, yeah, lets ride down, however... you see what somebody wants to show for you... Sell your stuff. . But I will take long only when price will break station, even my buddy knows better. image

I agree with the fundamentals but not in those prices. I need Bitcoin to find some strong longer term support, not a 2 hour station breakout.

Now I might be incorrect and we go to the moon from here, but I am trying to invest at value (ie - service), and not chase momentum.