Hope you are enjoying the nice summer days. As I had predicted in my previous analysis, we had a very ‘’boring ‘’ market for some time now. The market movement got close to the Path 2 of my analysis, and now it’s time for a new update. I see two possible paths ahead; in my opinion there is a 70% chance for bitcoin to rise to 10,000 USD, and 30% chance that the market can break the 6900 USD support. As you can see in this figure, we will be having an ‘’action’’ period in the market soon.
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Crosses are important for the AI.
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This one is D cross if this one cross means you shall not pass ;) Slowly you will understand why I draw this Lines for you.
Don't forget to Like and follow for new updates
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Soon Bitcoin will jump , Count down !!!
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After two jumps now the lines crossed over each other.Its a sell sign for the AI
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I told you ;)
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If the market had followed my red arrows, it would had reached a very strong resistance, created fear in people, and would had lead to an even lower support. But now that the market has followed my green lines, I am more certain that we are soon going up, following my green lines.
If my analysis has helped you so far in any way, don't forget to like, follow and share :) I need your kind support and motivation to update you with more specific waves.
I wonder when Tradingview "popular to be" guys would stop sharing charts with "either directions"!
Hell yeah, it has three choice, up, down or sideways. No need to mark it up and comment on it and publish!
HamidFarhadi
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@tahaoglu, Your comment shows that you clearly don't know anything about analysis charts and interpreting them. I suggest you to study a little about this market, otherwise this is not a place for you. If you look carefully at my chart, I am not saying that we will soon get to 20000 or 3000 USD, and as you see I am talking about percentages of each possibility. There are many points here you didn't pay attention to or understand.Good luck bro.
calumon
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@tahaoglu, I think it stated when the top authors saw that they are wrong all the time. They then began to put two directions. Either up or down. This was the start for side ways as none of them still got it right. We now get lot's of directions. The actual chart from botje has 3 directions. All failed... I think it's because these guys want to keep gaining followers with trying hide the fact that they can't predict the right direction anymore. I mean I can understand that you wait for a breakout. But that's not how they work and that's the point
cI8DH
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This TA was correct so far and it deserves at least a like. Thanks for sharing it. I disagree with you from this point forward. The support is strong, bulls are strong, but only when they are near this support. Bears have the upper hand in their territory. so I expect more ranging between 6.9k and 7.8k for a while. I can't predict what will happen afterwards, but if I had to bet, I'd side with the bears. Bears are outsmarting bulls using bulls' April strategy. See my last TA for details and graphics.
HamidFarhadi
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@hkh222, I don't analys bulls and bears , I see good buy and sell points for the AI. Soon in this market you have to say goodbye to old methods. I respect to your Idea but give 20 % chance for that.
cI8DH
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@HamidFarhadi, I am glad u give it some chance. It shows u r a smart trader. I also give some chance to my bullish scenario (30% chance for 8500 target).
I know what AI is. I use Tensorflow for deep learning. I haven't had time to apply it to predicting markets yet. But I am curious about how others are applying it. I am fairly new to trading and I found my own method the most reliable way of predicting markets. Haven't had time to learn the "old methods", EW, Wyckoff, Harmonics (working on it now). You can see from my TAs that I was either right or indecisive about my calls.
HamidFarhadi
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@hkh222,Its an honor for me to have you here :). I use all the methods and Indicators and I made an smart AI which can tell me where we are going even in 1m chart, but I prefer to start slowly and steady and less risk.