hardboiled

Bitcoin short term scenario

BITFINEX:BTCUSD   比特幣 / 美元
Hi! I'm hardboiled from korea. This scenario is about possible correction. If there's no correction, traders expect to go up to 12.5k.

In case of correction, possible stop point is 9.5k. first stop point is likely to be 10.3k

It could go higher and probably few hours from now will be bullish .

The rally from 6k from almost 12k was so amazing. it's almost 100% increase so I think healthy pullback is inevitable even if we are heading to 15k             17k level or more in the future.

So in my opinion, for traders who are planning to buy BTC             , this is not really good spot. you'll probably buy cheaper if you wait day 3~4 days or so.

Remember this is just possible one scenario and more move to upside is possible since there is good news about BTC             lately!

Thank you and have my blessing
評論: This scenario came from the history! after big correction, BTC didn't break major downward trend line at first try! there was a pullback to some level and then the rally continues. this is just big fractal version of previous example because BTC price has grown, so the tempo of the market have to be slowed down.

you can cross validate this scenario with EW theory! 5 wave from the 6k to 12k, 3 wave down to 9.5k.

I'm hoping to see 15k after the correction!
評論:

Alt chart can be seen as indicator for BTC chart. Although uptrend channel support of BTC isn't broken yet, it's highly likely to be broken. Chart above is BCH chart. If BTC is still on way to 13k in short term, BCH is going to go up too. but as you can see, BCH to continue upside is not likely. so that means BTC won't go up either. Some can say it can't be seen that way, but instead of thinking indivdual chart, thinking whole picture with other altcoin charts really helps and work good for me. After correction, BTC is likely to go above!
評論: OMG correction is too steep forget about 9.5k. I have to rethink target between 0.5~0.618
I think you should check your projection, given that that happens the projection leads to 3300 usd and not at the level you indicate, remember that now there are new supports as there are new resistances to go through
回覆
hardboiled RodrigoGarreton
@RodrigoGarreton, thanks for comment! I didn't mention about 3.3k the green line is only to show steepness of the correction which is parrarell with previous correction! I'm suggesting correction stop at around 9.5k
回覆
@hardboiled, I understand what I say, but technically, it is too dangerous if the market is heading towards 9.5 since I could cross it directly to 3.3k which is in itself the real support of btc, I am not saying that this projection is wrong, I think correct, but also very dangerous
回覆
hardboiled RodrigoGarreton
@RodrigoGarreton, thanks for comment! I'm hoping BTC to rise when it hit 9.5k and retest the downward trendline and finally break it. G20 FUD will come in to play in the future so I'm hoping price recover around 15k so even when FUD comes, price don't go to 5k level because it will damage whole crypto market. can you tell me why 3.3k is the real support? is it related with mining cost?
回覆
@hardboiled, It is not the support established on 05/08/2017 and confirmed on 09/14/2017 which develops a historical trend line which also respect in the last fall in 6k, is my humble opinion, I may be wrong
回覆
hardboiled RodrigoGarreton
@RodrigoGarreton, Amazing analysis! thank u!
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出