Bitcoin just broke through the last line of resistance…

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This is not a drill. We just broke through resistance dating back to November 2015, 4 touches before this. Forget about your silly alts, this is the real thing. Geopolitical/economic events have/will continue to fuel this. Localbitcoins will go nuts in various countries. Bitcoin is digital gold . Bitcoin is money. The self-fulfilling prophecy has been fulfilled.

And all this is happening with China (in some senses) completely out of the picture. So, what happens when China “unbans” bitcoin and we have an even healthier picture in China. This is the one you will tell your kids/grandkids about, it’s really here. This will be a wild ride.

Up we go, where she stops…nobody knows. Welcome to the digital gold rush, prices will never be this low again, and I can’t even imagine what will happen by the next halving in 2020. But I digress.

Weekly/Monthly as bullish as can be.

All systems go, prepare for liftoff.

評論: Trend-based fib extension says $1750 is next:
評論: Hidden bull or time for the pull back?
評論: *Starting to look like the hidden bull div will hold, bounced nicely off the 50 ma (2h):
評論: Was that just a bear tickle? Will the recent higher low hold?

If so then this is probably just a symmetrical triangle continuation pattern:

If not a test of the low 1400's is in order...trend is up : )
評論: Looking great…50 MA held on the 2h and MACD about to cross. A break of $1565-$1570 and everyone who just sold starts to panic and buy back in.

評論: Let your bull flags fly:
評論: 1.618 was hit...some resistance here:
評論: Looking for a daily close above the 1.618 fib at $1750, this would suggest we are going to the next stop at the 2.618 fib at $2284, might happen today.
評論: Just adding this published chart "BTC/USD ready for the next leg up to $2283"
評論: Both targets mentioned initially have been reached:

When we eventually break above this level (there may be some resistance around here)...the next target is the 4.236 extension at $3153.
評論: Maybe another one of these? What a run that was, could use some consolidation for a week or two or three.
評論: Looks like China is beginning to join the party again:
評論: Triangle complete? Next leg up?
評論: Such moon much wow.

Just adding this published chart "Bitcoin next stop $3160":
評論: Just adding this published chart:
評論: Looks like we are gearing up for the next leg up once segwit officially activates:
評論: Just adding these two recently published charts here:

to me the resistance level seems to be somewhere at about 1800 $

Viva la honey badger. Fantastically written. Thank you.
+1 回覆
I'm not long yet. In fact, i'm short rn. (though ready to close and change to long on breakout of my lines)
+4 回覆
btc_joe bagofXMR
@bagofXMR, Fair enough, I can't argue with waiting for more confirmation, but this is mine zoomed in:

I have had this line drawn for a very long time and have not touched it.
+1 回覆
bagofXMR btc_joe
@btc_joe, with this sooo long term lines i guess there might be thousand slightly different versions. This is mine zoomed in:

Anyways, good luck mate!
+2 回覆
btc_joe bagofXMR
@bagofXMR, FYI, mine is from a daily chart, using the daily chart but zoomed out with bitcoin has worked quite well for me. It's actually pretty clean touches on mine, better view:
+1 回覆
bagofXMR btc_joe
@btc_joe, sorry for spamming you charts lol :joy:
but check it, they're pretty clean in daily in my chart too
+1 回覆
btc_joe bagofXMR
@bagofXMR, good point they are. Haha please spam all you want, I value your opinion. THanks. Gluck.
bagofXMR btc_joe
@btc_joe, last one haha.
As you can see, in my line, the pre-etf wave does not actually reach it. And the etf "books cleaning" noise, breaks it.
+1 回覆
btc_joe bagofXMR
@bagofXMR, indeed, as always there will always be slightly different lines, especially if we consider other exchanges. Anyway, my analysis is also fundamental in nature. Should be interesting to see how it plays out, if we all of the sudden dump below $1400 then okay, we may need some cool down time. I'll believe it when I see it : )
+1 回覆
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