bonic

BTCUSD possible forming patterns & trajectories

bonic Updated   
BITSTAMP:BTCUSD   Bitcoin
Short- / mid-term forecasting analysis
More visible more probable.
Dotted lines: possible forming patterns.
Solid lines current confirmed patterns.

Comment:
Hopefully it drops to the $6300 region, i'll definitely be buying and longing from there. Then short at $7500 levels. In short I'll be scalping my way with small accounts until the $4700 region. From there I'll probably put most of my capital that I'm willing to loose. Once support is confirmed, I'm pretty sure bitcoin's current market cycle will end with a bang, with fireworks everything. Next bull rally wil be triggered by the 2020 halving, upcoming Euro crisis and the break outs of the de FW/DC & ST. This should start a new market cycle above the $27K region. Let's hope for the end game to become real.
Comment:
Daily view
Comment:
DT confirmed.
Comment:
Will the DT turn into a bull flag or will it become a broadening descending channel?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.