Bitcoin - End of bearish waves in Sight?

2018年7月22日Price moment is starting to stagnate to go down while weekly MACD is calling for a bullish run up. In this chart I charted bearish and bullish trendlines which all seem to point to first week of october where the bullish momentum will start to overtake the downtrend momentum and signaling a bottom. So far we have seen 2 downwaves and after this successive uprun that will follow in next few weeks till the end of first week of august (08-08-2018), after this run we will enter the final downtrend based on this chart and analysis bottoming around first week of october.

Price target for this uprun lies around 8300-8650 USD and will probably go down to 5420-6600 USD afterwards.

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-TheTrex

2018年7月24日

交易進行

Slowly we are nearing our 8300-8600 projected zone. At the moment on smaller TF bitcoin is overbought and I do see it making some swings before hitting the target in upcoming days.

2018年8月3日

交易進行

We didnt manage to enter target zone above 8600, but I've you scaled in shorts on or main target area (8300-8600) you should be fine and in profits right now. I'm comparing current down trend to latest uptrend and also the previous fractal to 9929 USD. BTC already did a similar double top on MACD like previous downtrend. Current crucial support is 7233-7366 with potential retracement to 7500-7700

2018年8月4日

評論

Not looking so good at the moment for bitcoins support, we tested sub 7000, might bounce but definitely expecting more down after this weak rally to 8300-8600

2018年8月5日

評論

Looks like 7 or 8 august is bottom/retesting lower trendline then followed by some retesting in 7xxx levels

2018年8月9日

交易進行

Time & price target hit (8 agust/6100-6150), keep an eye at the 12H macd to cross up this would be the safest place to scalp a long. Resistance at 6600-6800, from prior distribution zone. We will be staying in this zone for a few days before more movement will occur. More down movement is expected longterm if we break below 5800-6000.

2018年9月29日

交易進行

Nearing 7 October!