BTCUSD Long-Term Bullish Outlook

5 Ara 2018

This is just a general idea of where I think we are in the move up in BTCUSD. The main area being targeted is between 65K-150K, although I need to see the first wave up (to nearly a new high of 20K) and down from around where we are now ....a 1/2 to project 3,4 and 5 (not to degree).

Orange line is BTCUSDSHORTS, the number of open leveraged short positions. At the top, ~20K, "no one" was short when they should have been. I believe the inverse is true now, the masses are short when they shouldn't be.

Another thing, if you look at the beginning of the orange line/BTCUSDSHORTS, you will see the masses were all short all the way up to the top, THEN THEY DROPPED OFF TO THE LOWEST LEVEL!! A sure sign a top was in.

Pay no attention to the timeline...accuracy should not be assumed. Nor the pullback from the top. The only area I am targeting is 65K-150K.

6 Ara 2018

Not

BTCUSDSHORTS now just under the highest level ever, and rising!!! If this is an Ending Diagonal, on the M60 time-frame, we are either in wave 3,4 or 5. One more low in a 5th wave past 3660 could complete this....with a thrust up to $4500 to start. The bottom being in for wave 4. That said, these tend to always take longer than expected, requiring another couple of days.

6 Ara 2018

Not

One more up/down should complete wave 4 with an Ending Diagonal: