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And I see such event as the end of the world. The world which well known for us. Ahead of this - Terra Incognita. Wars, chaos and then new world will born. Full matrix reset.
This is my vision.
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Being bearish at the moment is reasonable if you look at charts and trend lines but the fundamentals are great, the USD will crash soon and there is a Bitcoin fan libertarian that makes a lot of money everyday, he will likely invest a portion of it in Bitcoin
It will crash no doubt. But when - nobody knows. US govs need a way to something to do with unpayable 20 trillion debt. But when they fool everyone nobody knows. So far DXY rises to be believed most valued thing in the world. Then (when everyone ensured USD is GOD) should be a final global fraud to cancel US debt. They already shared their dotcom and mortage shit along USD holders with QE. Final stage ahead. Our problems = USD holder problems. So one day they'll say - bye bye USD holders, bye bye our problems. |
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Yes, it's dollar - world most valued paper.
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Guess what  |
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After about 4 days this band will start to collapse, so we may still see a sideways movings within 3-6 days.  Daily bands started to contract. Further direction resolution is near, bullish count harmed much. |
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Notice how xbt correlates with xau on daily basis.
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Last activity harmed my bullish count much.
Waiting for collapse of daily bb to resolve further direction.
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Also here, as price development says, II/B shows triangle formation. So any break below 370 (triangle point a) would almost completely invalidate this count. Also I can say this is not a motive bullish wave if triangle appears in II. This means 5-3-5 (abc), not 5-3-5-3-5. In short - this means $500 should be terminal medium term bullish top. Here is a potential  |
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360 is subwave 4 triangle apex support, also middle of daily bb. It should hold to materialize optimistic bullish count.
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After about 4 days this band will start to collapse, so we may still see a sideways movings within 3-6 days. |
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Here is a potential
what if 3=a 4=B 5=C ? you know the answer |
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Yes, but hard break down through 360 would add more odds to bears. It will harm bullish picture much.
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Here is a potential |
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So the most optimistic bullish move should look like this: - up to ~430 - back to sma20 - up to sma200 And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.  Running fine so far. But there is a some threat of another leg down from here.  |
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Gold prices are getting very close to production prices.
Nobody cares. World economics is out of reality. |
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Actually xbt follows gold now. And gold follows opposite to dxy (dollar).
So xbt is now officially goes opposite to US dollar.
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Stocks feel bad, gold bounces, xbt bounces.
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Nah. I think we are in the C of an A,B,C correction. We will hit the upper BB around 420, maybe go past it and then we are in bear mode again. Head and shoulder patterns rarely happen in bitcoin.
Impulse here. We are in A or I since 275  |
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Say what? Weekly and daily ADX show reversal. "V" formation on charts is a reversal struct. Price closed back inside weekly bb and in positive daily BB zone.
We may expect some bounce (1-2 months) into 500-600 area. But I am skeptic about further bullish move. Wake me up at 500, I'll post next analysis.
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Yes, this is bullish reversal formation despite I expected more downside.
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