CryptoManiac101
Long

Bitcoin in Bulkowski's Roof? Either we go to 6k or 20k

COINBASE:BTCUSD   Bitcoin / Dollar
It sure is not looking good for Bitcoin             as of right now. Forks are happening, alternatives to Bitcoin             are produced, money is flowing out during this holiday season and now the Bulkowski's Roof. Pattern usually is visible on daily charts and weekly charts. Here we have broken up into a 4 hour chart for easier ability to track where it goes. Best result in this current situation can be achieved upon a rapid rise in price upward, then we will be able to break that pattern and be home free.

Now here's good news... Most of Roof Patterns after being in a downtrend like we are in now, are followed by a sharp uptrend, that's why we have our price set at over 20,000

For future... at time the roof is confirmed which in our situation would have been at just over 19,000 - there is only 17% chance of it recovering back up which is what we have seen. From there it starts dropping, but as I already said, after roof cycle is complete, most likely it will be uptrend, but be careful investing before we actually get full confirmation on that. Remember that I said 'most of the time' meaning that a continuation of this cycle is still very possible.

Conclusion is that either way, we don't anticipate to see stability any time soon. That will either drop our Alts even further down or instead, investors might consider reinvesting due to Bitcoin's instability.
Trade ist aktiv
Kommentar: We are doing a temporary BUY as a test run
Kommentar: Looks like we are taking a positive path up - watch closely until we reach over 16K
Kommentar: As we have predicted, it is on a 20,000 path
Kommentar: We should see it slow down at around 18,000 before making a leap to 20k because alts desperately need a recovery timeframe. Most look good in dollar price, but in satoshi, most coins are damaged
Kommentar: Lets all wish for Bitcoin to stabilize now
Kommentar: Bitcoin will go for $19,000 and then all the way to just near $30,000 - BE PREPARED

ATTENTION - THIS PROGNOSIS MAY CHANGE
Kommentar:
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How do you get those calculations on your chart?
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CryptoManiac101 icoeyedoc1stock
@icoeyedoc1stock, Is that a compliment haha?
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icoeyedoc1stock CryptoManiac101
@CryptoManiac101, Sure is!
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you say trade active...are you buying or selling bitking?
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@mambacoins, temporary BUY
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mambacoins CryptoManiac101
@CryptoManiac101, thanks! good work
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