No matter if some people want to accept it or not, the Bitcoin chart follows that of nasdaq.
As you can easily see in the MACD and RSI he has followed him for a long time, so why should it not happen for the rest of the time?
So you have to be careful. If we break the 'trendline' up, it's a bull trap. So we will experience another dip, which will not be the last wave. Just as in the 4th wave at nasdaq, it will be a triangle formation that leads to the 5th wave.
This will be the end of the bear market.
It may also be that we get the 5th wave without breaking the trend line, which is unlikely. But one thing is certain, the ABC correction is not over yet and it WILL go down one more time.
When the time comes I will show you entry points. I keep you up to date.
Comment
⋅
Waiting for a breakout confirmation:
Comment
⋅
Bullish confirmation. Good entry for short term:
Comment
⋅
Lets take some huge profits before the coming bull trap! This will be a great preperation year for the coming one.
"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." ~Warren Buffett
Comment
⋅
It's always the same, I love bubbles.
Comment
⋅
After the small uptrend we will continue to watch.
Comment
⋅
Closed my trade. Bearish breakout. New short term enty point $7600
Comment
⋅
Maybe a bear trap waiting for a confirmation.
Comment
⋅
Huge bear trap, haha. Luckily I watched again at it. Whales are playing dirty games with us. Target of $9000 holds. We re bullish on short term, good entry point.
Comment
⋅
Good Morning. I see Bitcoin has fallen over the night, my bad mistake. The important thing is to keep a clear head in such situations. Unfortunately, I could not react to it over the night. Nevertheless, my target remains until I make changes.
Comment
⋅
Just watch at this compare again. The dip is coming slowly.
Comment
⋅
I see many on Tradingview, which are bearish right now. Currently we have a hard fight between bears and bulls. It's a very shaky situation right now, but I expect another bull run to $9000-9200, which will be our huge bull trap.
Lets see what will happen, the fight is better than some movies :D
Comment
⋅
Bitcoin is looking good right now as I said. The move downwards after the 1D candle close was probably a dirty game of whales. Hopefully we will see an up-move to $8800-9200 range in the near future.
Comment
⋅
Here an idea for Ripple. Most of the time you can better see what Bitcoin does when you look at altcoins, because they mostly follow it in the bear market. I like to do that when I realize that reading the Bitcoin chart is a bit difficult:
Comment
⋅
Waiting for a confirmation, this can end bad.
Comment
⋅
Bear trap?
Comment
⋅
Looks good :)
Comment
⋅
Dont look at Fibonacci, it's accidentally postponed.
Comment
⋅
Comment
⋅
Check my new post, what is your prediction of this information?
<deleted>
Comment
⋅
Comment
⋅
Haha there we go. I said you guys this is just a bear trap. Whales are playing games with us. Now we are veerrry near of a bull trap. Check my new idea to see when it could start.
Comment
⋅
Looking only for these scenarios now:
Trade closed: target reached
⋅
Crash has started. This was a huge bull trap. New idea coming soon.
I'd like to provide some constructive criticism based on reading your analysis and multiple follow up comments. The continued change in your opinion based on the price going up or down in a very short term with disregard for specific technical analysis and/or overall fundamentals behind the product may cause portfolio degradation. Keep calm and try not to change your mind so often. I only say this because I have suffered from the same mistakes and it has cost me money.
@CryptoPrescience, I was about to post the same thing. I'm not convinced we're headed in this direction, but it's certainly a reasonable proposition and a solid comparison.
CryptoPrescience
⋅
@Box1515, Hahah great minds think alike. I'm not sold yet either, but history and sentiment does repeat so preparation is key. No one should be shocked or ill prepared in the case of lower lows with multiple credited scenarios like the one above forewarning.