Bitcoin forecast 2018/2019 short and long opportunities

31 Tem 2018

RSI on the weekly still has not bottomed out. The current state is not a bull run, I believe, bitcoin will reject the 200-day simple MA yet again and begin its descent to somewhere in the range $5000 (best case scenario) and $3000. Once it will touch the lower trendline it will rebound, due to oversold conditions on the weekly chart, finally being able to cross the 50-day simple MA with the 200-day simple MA (by november the 200-day MA will come down drastically) to complete the golden cross and kick-start the new long-term bull run. $3000 is the 85% retraction similar to the the bear phase in 2014. It should not be a straight way down, each time bitcoin is oversold on the daily it will rebound and pull up. I believe, short around anywhere over 8k, then go long when RSI is oversold on 4-hour chart and stoch RSI on the daily chart is around 10 (oversold), short again when stoch RSI is oversold (close to 80) on the 4-hour chart.

25 Eyl 2018

Not

So far, so good. I am looking at the daily chart, the second leg of the dump seems to have begun. We are almost reaching the long-term trendline currently located around $6310. RSI is dangerously in the neutral zone now trending south, and this leaves space for a major move. At the moment I see 75% downward breakout of the descending triangle to the next support (horizontal line of the descending triangle located at $5850).

14 Kas 2018

Not

Went to fiat at $8400 and starting to looking for a buy soon. Hopefully someone else followed my advice.

19 Kas 2018

Not

I finally decided to buy back in today. RSI is way way oversold and there is a bullish divergence on the 4h chart.