Bitcoin - Ruled by Ratio!

20 Şub 2018

All must obey to nature's law, growth is always in balance, without bull the bears would be nowhere and vice versa. There is a very obvious short coming and it's the top of the Logarithmic channel, this upper resistance line carries a lot of resistance and is an ideal entry for a short. EW is about to finish, indicators (12H) and lower are about to cross slowly to bearish, trade with care and good luck!
-TheTrex

20 Şub 2018

Not

One more important notice is that we are nearing the 4 of the major down trend, this is normally speaking a take profit zone so we got both the downtrend channel and horizontal price target aligned, all happening on 1.382 time extension ;)

20 Şub 2018

Not

Shorting from 11500-12200 would be ideal, first target uptrend wave (4) so 10200.
Next the 0.886 trend angle (TP2 around 8800), great support and advised to close our short. Mid march bitcoin will be finding it's longer-term bottom, from here on we will see sideways and consolidation while momentum of both sides come to one agreement. This consolidation period will be excellent for altcoins to rise.

20 Şub 2018

Not

If you want to use this chart and draw your own trendlines in it feel free to click on the share button, and click "Make it mine" on this window. You will get all the stuff from this chart and can also switch timeframes.

20 Şub 2018

Not

Actually one more important note, from our major downtrend 3 of the EW, could be a potential inverse H&S right shoulder, where the crash bottom is our head and 3 our left shoulder.

20 Şub 2018

Not

A possible route based on history, fractal in yellow.

20 Şub 2018

Not

First significant signs that the upper resistance trend is acting, quick dump from 11766 to 11150 in few minutes.

20 Şub 2018

Not

20 Şub 2018

Not

So if we follow my main chart, we should still be having one more wave till 12000 level. If not this could be it and if you are holding short from suggested 11700 area just add if we manage to come back up higher.

21 Şub 2018

Not

21 Şub 2018

Not

Not so nice fractal

22 Şub 2018

Not

Elliot Wave approach

22 Şub 2018

Not

The 9500-9700 seems to be a decent support area, we could see a bounce here.

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23 Şub 2018

Not

How to minimize risk in this unsure market, we got the smaller uptrend channel and the major downtrend channel. We are in the lower part of this uptrend (which is more ideal to long). I would CLOSE all longs below the blue box 9300-9360, flip for a short to 8500/7500/6000. Above we can long, aiming for a new leg up (top of downtrend channel. above 13k), but for now probably around 10150-10300.

23 Şub 2018

Not

Long targets hit

24 Şub 2018

Not

It left the upper bullish channel again, looking more bearish now. I do think we can see 9200 within 24h

24 Şub 2018

Not

Below 9200 it's looking rather longterm bearish and we will see 8500-8000 rather quickly.

28 Şub 2018

Not

Within 48 minutes our monthly candle with close!

3 Mar 2018

Not

Almost at the resistance line, to retest! I don't expect it to go through with some pullback, holding a short from here with stoploss above is ideal.