Going timber. Find "ejector seat" button immediately! BTCUSD

9 Mar 2018

Is't going to be fast.
We are going down. It's not time to be bullish. We have crossed multiple support lines in just hours.
We had really stron support line at ~9300USD. It should have held longer. Conclusion - it's going to be very ugly.

I marked our support and resistance for now. It's between ~9300 and ~7700USD. It covers with the Bollinger bands.
I don't see any good scenario. Bitcoin needs to retrace. We had a strong bullrun at the end of 2017, now it's time to rest.

Still the pattern from 2013-2014 is valid.
See my previous chart down below: "Houston, we have a problem. BTC rocket is hoing down".

So trade with caution and please remember - this information is not a recommendation to start a short position.
It's for educational purposes only.
If you like it hit the thumb button, and don't forget to follow me.
Otherwise you won't receive the notifications when i post an update or idea :)
And share with me your thoughts please.
Thanks!

15 Mar 2018

Not

So we bounced of our support level and going to the resistance, i think. We'll see what next. Stay tuned :)

16 Mar 2018

Not

Can we get to our main resistance at 9400?

23 Mar 2018

Not

So we broke our triangle pattern and went up to 9300USD.
That was a good sign, and as i predicted a week ago we bounced of a strong resistance at ~9300USD.
Now we're falling down and we are at our first stop to ~7600 support.
Actual price, 8500USD is our minor support level. We need to wait for daily candle to close.
Then we may have a little bounce up, maybe even to the resistance at ~9300,
but i think we rather go down to at least ~7600USD support level. I mean sooner or later we need to test this support again to go higher.

Upper lows created new, short-term trendline. If we can stay above it, then it's good signal. I marked with green and red arrows a few possible scenarios for the next hours/days. So stay tuned and safe and remember - nobody knows where bitcoin is going so don't let yourself be fooled by super-duper bulish scenarios "to the moooon and beyond" or the bearish one "btc will cost 1USD by the end of 2018".
Buy low, sell high.

See ya ;)

26 Mar 2018

Not

This pattern is still valid.
We're closing to intersection of trend line and support line.
This should be a strong support place and i think
we will bounce of this point.
But keep in mind that there's a possiblity to cross this point
and go down.

29 Mar 2018

Not

We need to wait for daily candle to close, but it looks like we're breaking our trendline and support at ~7600USD.
If so, next stop is around 7300/7200USD.

This was short-term prediction.

Now the long-term one.
Unfortunately looks like our pattern from 2013/2014 is still valid.

It's very bearish and may take us to ~4600USD, and then maybe to ~2500USD.
Recovery will take months if not years. I don't like it, but we're just copying price chart from 2013yr.

Of course it's just a prediction. Keep in mind we may break this downfall anytime :)