I outline time duration and potential upside for the current trend signal in this chart, I had described this possibility in my previous publication. As a positive, we have pretty pessimistic wall of worry kinda sentiment now, and odds of a rally are big with this timeframe being in control of most of the major swings historically in $Bitcoin. Moving below 47k would invalidate this analysis likely.
Let's see how it goes, best of luck!
Cheers,
Ivan Labrie.
Let's see how it goes, best of luck!
Cheers,
Ivan Labrie.
Note
Keeping an eye on this, likely to get a consolidation near the highs, hitting this line we could see a reaction, if not just vertically climbing after Sunday futures open.
Note
Note
BITO 15m has been very accurate thus far. We can expect intraday volatility to match US market hours from now on imo.Note
Note
Note
Uptrend failed, a down trend triggered, expires tomorrow. (not far from the daily close already)
Watch the long term support area right here and a bit lower, buying here is a gift for a long term investor. If you missed or you want to add, it is your chance, ideally sub 55411.72. In a perfect world, we won't let people buy at their limit order levels, obvious technical level people watch is 53k, I rather not see that get hit. Hitting 50500 would make the monthly trend less likely to reach target, and rather anticipate a consolidation for longer before moving higher. Crossing fingers...
Note
Down trend continues: 
Note
If you follow me on Twitter you've caught a lot of good trades and avoided this decline...
Now looks like things can go towards 21k, if we close under the 2w mode here. Monthly RgExp was wiped out, not a good thing. I think a long term bear market started again.
Note
On track as per the last bearish update...sadly.Note
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Related publications
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.