bjhriemersma
Short

BTCUSD RED ALERT ABORT ABORT ABORT

BITSTAMP:BTCUSD   Bitcoin / Dollar
800 2 9
What you see here is a completed 70.5% retracement from the start of our last dip ($9000) to our bottom ($6000). They are important signals for reversal/continuation and are Optimal Trade Entries ( OTE             ).

There's also a TD9             on the 4 hour chart, which has absolutely rekt us every single time in this dip.

70.5% retracements have 2 major targets - one at the 100% fib ($6000) and one at the 1.618 fib (4000-4500$ depending on the exchange.

Now it's not a certainty that this will happen, but I can at least point you to one 70.5% retracement we all remember:
Kommentar: Here's another backtest with another perfect 70.5% retrace and a perfect 1.618fib target (our current bottom!):
Kommentar: Small update!

The past week has been very solid for me - I 3x'ed my bitmex acco96unt by swingtrading. I recognized the top around 9100 and sold everything to fiat + opened shorts around 8800. The possibility that we go down below 6K is there and very realistic. But in case we do go manage to bounce between 7200-7600 and then close a daily candle above 9200-9500, we have to account for the possibility that we will make a new high around 12k.

I did find an interesting fractal just now that I wanted to share:
Kommentar: I found a possible bullish case on bitcoin, called a descending scallop. entry would be at 50% retrace (7500) with a target at 1.618fib (11k).

Please watch for a hard bounce off 7500.
Retracement to .50 is good for the next impulse
Antworten
The situation has change, the FUD disolved into fear for the stock market and some good news; including SEC report, lightning network etc...
e could see 7 k i think but i doubt we would go below that, but again this is crypto everything may happen! ;=)
+1 Antworten
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