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BTC - next 2 months

784
BTC has shifted to a new wedge pattern which would signal similar pattern only more parabolic and faster moving.
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Here is a similar plan on a different support/resistance lines, this golden fib lines correlate to the 2012-2014 events and are still true today. We have to hold this support and not fall under, if we manage to do that plan is a go. Only thing that gives me doubt for the near term is that Jan was historically a bear month for BTC and ALT season has started 2 months early. Long term outlook very bullish no matter what happens in next month or so...

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We are doing great, new ATH soon.
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Bull & Bear case for BTC. I am still leaning bullish since market confusion is at its peak... Meat grinder at its best.
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Bear trend invalidated.

We should do a quick retest of our new confirmed support line. If you intend to margin long be careful in case of another stop run under 10k. 30 days to around 20k
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Looking bearish but I continue to believe that it is only a attempt for the short squeeze ... If we break under that box we are going lower for a retest of 9400 and either creating a higher low or going under that point to 7500 which I currently chose to refuse. If we break above that box we are a go for a massive bull run. Be careful on margin.

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Not
So... scenario was great but we were unable to hold the bottom of the cloud which now invalidates a bull scenario and presents the previous bear scenario as valid and was probably manipulated. Scenario below is highly probable. If we dont hold the dashed support one under neath it is another support. I am still bullish long term but since market sentiment is not bearish enough and LONG to SHORT ratio is still not in short balance means that market needs to get bearish to squeeze people out. BTC is not dead and ALTS are not dead, projects didnt change. Projects with purpose will survive.

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Not
So here we are... I am still bearish sorry to say. We broke out of the triangle although on low volume so it more looks like a fakeout then a confirmation... We need volume soon otherwise I am still looking at that lower range for a quick sell off and a massive bounce. We could do about 5k down and 5k up in the same day when this happens. Be careful.

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I have a small short open just in case, I dont recommend shorting BTC but here you can long the bounce:

bitmex.com/register/3Qoh1n

You want to long that 7or8k with small leverage especially if we are going +30k in march. Be smart start small with small leverage.
Not
Shorts doing great, sad to say but it is what it is... new super moon and emotions are going to dive to that lower support.

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We are nearing a buy zone. Closing my shorts in this area and opening longs, slow small positions at first in case we go to a sudden 5k.

Good luck!

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We are getting real close! Market sentiment is bearish, people are anxious and I am either in denial or hope. Since I have closed my shorts and have opened a small long on 8350 I am bullish. Setting buy orders down to 6700 not to get liquidated. I expect a sharp spike soon and a hammer afterwards.

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Bounced a bit to early for my liking, we could still do a quick spike to scare the market once more, depending on where we close todays candle. In any case we are going higher, 30 in next 5 weeks or so, be careful on margin, spot buy any potential dip or current price.

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Cloud twist fun :D if you see it on 30min you can take advantage of it!

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No easy money.... well here is the deal if we break support here is the next stop. Be careful. I am still bullish in long term but capitulation is waiting.

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That green doji actually manifested. I am bullish, I think market had enough. But BTC got weak ahead of chinese new year, which could mean one more sell off to totally decimate the marketHere is the plan from current position.

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Green was perfect, closed 50% of my margin long, waiting for what happens now. We must break 9k with a strong volume or else we will dive a bit more.
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This is what I am hoping for to manifest in next couple of weeks (2-3).

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This feeling right now is depression, you have to face it and overcome it. Best scenario right now is that we hold 10k and make it a great support, bounce up and make a higher low. If we dont hold 10k we will go to 9100 area which is a bounce area between 8800 and 9100. Going to 7800 could for a perfect Adam&Eve pattern that would push us up but if we break that we will go to 4800. Since sentiment is going in this direction I am holding long... I want for BTC to hold 10k since going under can invalidate ALT season for this year. There is no easy money, but people are getting bearish so since we dont trade money but emotions I am bullish as anti market sentiment and because I want BTC to succeed, so lets hope I am not complacent...

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What makes me short term bearish is the idea that BTC retraced from 12k to 9.8k, Robinhood opens trading which means that traders are buying cheap which means that this is not the bottom... shake them out then moon.
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BB added as a bullish scenario.

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Bounced from mid BB as expected. Looking bullish, I hope we complete this pattern, If we do we are still on point for 100-135k for the end 2018.
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Another update. We are right on track. Still expecting this pattern to complete. Completed my 10x long average entries on 10560. Will be holding majority till JUNE either 30k or 60k.

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We came so close... We literally touched it and a black swan event occurred... This presented doubt in the market and BitMex maintenance didnt help either. It was an event of extreme proportions that changed the short term trajectory. Set up was perfect, short squeeze scenario doable, the only thing bothering me was bullish based sentiment. This is THE LAST STAND. We must not close under diagonal line which is about 7300-7500 bound at this point or one more quick capitulation would be ideal, after that I am afraid will be somewhat slow grind to the upside since we created a lot of resistance. We need exchanges to start promoting crypto so that new money can come in otherwise we are at standstill. I hope we bounce, JUNE futures at 100$ discount which is crazy for BTC. God speed, I am closing this thread since it has missed the point, I was continuing it just to follow on the outcome. I am still bullish, chop has wiped out a lot of traders and since it is trading more like FX I am afraid that most of the money fell in to corporate hand which changes the organic growth and predictability of the market.

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Emir iptal
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I believe in 100k+ end of the year apex, will prob create new thread.

Feragatname

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