W-BOTTOM 2 times in a row?

Possible bearish scenario (unlikely)

I am still confident that we will continue to move up, but this possible pattern has my worried guys.
Its possible to happen because of the scaling FUD and Bitfinex doing some dirty things.
This is a bears wet dream.
Still bitcoin need to break trough the white line in the channel of the previous chart to be in a bullish momentum again.
This is a scenario when the bulls decide to say screw it we go pump some alts and let bitcoin soar.



Advice:

Just watch the channel of the previous channel.

Destroying the upper white line = bullish
Dumping trough the bottom white line = bearish


Keep on holding guys and watch the damn channel!

Happy trading all.

That we have to break trough the white line to destroy the bears once again

We have to break trough this channel to move up again.



MACD is bearish rightnow.
Further decline is likely.

I will give you guys an update if the situation is changing.

Yes. Unless the MACD will rek us. So beware on that one!
 MACD positive  = dont worry
 MACD negative = well...
Still positive for now, thats why I posted it.

How can i see by my self about this news any link ore Will you post iT here?

about bitcoin :

- adoption +
- movingaverages +
- historica patterns and dubble w bottom : +
- fundamentals -
- Altcoin weak hands( dump before others do to ) + FOMO +

If BTC hold this level altcoin money will come in. Big alts are bleeding and they have NO bullish support!, high risk investment right now, dont buy any altcoins that already topped/pumped.

Only total bottomed out like ETC, I cant risk it because of short term dump signals.

I am 90% BTC rightnow.
(10 % fiat waiting for entrypoints)

Trading advice :

BTC : hodl
Alts : SELL

Dont entry BTC now unless its for alts.

I am paciently waiting for BTC to buy more, big dip will come after this huge upmove.
Because of historical patterns $1400-$1500 is very likely in short term for BTC, but its not going to hold.

Looks like we will break ATH soon and crash after reaching new hights because of FUD, just like the pattern tells.

Of-topic : BTC doesnt even need scaling. 14 000 000 BTC mined rightnow, max 21 000 000 - 2 000 000 coins lost = max of 19 000 000+/- coins. We can handle this right?
Transactions cant double from here so if BTC can handle this we are ok right?

Anyway happy trading all.




So if i understand you good iT can sink more then its now

It's funny how you fail to see in what context my post is directed. I gave a good and honest answer to some one asking for it (as far as possible since we can only speculate at this point), and nothing else. If you think that's panic creating, then you don't know how bad things can go in Bitcoin. People understanding how the situation is will not panic, and that's exactly the main point of importance - understanding of how far away we are from a fork. It's nothing more than a potential fork.

In case the chain split has become reality, or even before that since there still is a 14 day of "waiting period", you'll already be too late to optimally profit from a hard fork. Bitcoin will suffer from a massive short term price decrease, possibly resulting in prices far below the $500 level. Things aren't as easy as you seem to think. In order to be infront of whatever is going to happen, you need to act in advance, otherwise you'll get eaten by the whales that don't show a signle grain of mercy to people.