Nights Watch by Afrikoin

[Afrikoin]

[Afrikoin]

[Afrikoin]

Lol!

Traders asking, what is going on? 

Me too. Kinda feeling unsure what the market will do next. Just next 2 months, but not next week.

Ready for bearish drop though to $700? Remember the bearish bullish ascending triangle?

Ha ha, TA is comedy

[Afrikoin]

Short term bear Case 1

[Afrikoin]

Short term bear case 2

[Afrikoin]

[Afrikoin]

Bitcoin will hit $10,000 and even $1 million. Experts predict | Coinpay

https://www.youtube.com/watch?v=fuH8tdQpWrU

[sandiman]

we are all bullish on the long-term, better analysis should probably focus on short and medium timeframe where our biais should interfer ...

[RyNinDaCleM]

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

[sandiman]

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

Thank you for the TA. maybe if this rising wedge would be validated that would just be a correction in a mid-term bullish trend, which could latter on give rise to the fomo green dildo. but there is just mere speculation, only future will tell.

[Afrikoin]

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

That's a great summary!

[Afrikoin]

[kehtolo]

Ha!

Is bitcoin dead?

No! Look at the chart, it clearly still has a pulse! 

[Tzupy]

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

How about a following ABC correction, with support at 600$ - 630$?

[RyNinDaCleM]

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

How about a following ABC correction, with support at 600$ - 630$?

With the lack of a fomo top, that is the direction I am leaning as well

[BldSwtTrs]

Why EW analysis is always bearish?

[quake313]

Why EW analysis is always bearish?

HAHA bears gonna bear lololol

[RyNinDaCleM]

Why EW analysis is always bearish?

It's not! That is a bullish impulse and is setting up for a healthy correction before making another bullish move. In this situation, it can be viewed as bearish only because the likely next move is down, but I didn't say Bitcoin ded. Anyway, a completed impulse has some of the best r/r ratio with it and probability is higher to be on the right side of a trade. Plus it's me we're talking about here... I apparently only post bearish charts.

Why EW analysis is always bearish?

HAHA bears gonna bear lololol

Whatever noob! Come back when you have something of value to contribute

[BldSwtTrs]

Why EW analysis is always bearish?

It's not! That is a bullish impulse and is setting up for a healthy correction before making another bullish move. In this situation, it can be viewed as bearish only because the likely next move is down, but I didn't say Bitcoin ded. Anyway, a completed impulse has some of the best r/r ratio with it and probability is higher to be on the right side of a trade. Plus it's me we're talking about here... I apparently only post bearish charts.

If I remember your big picture correctly and understand what you say correctly, you think the most likely scenario from now is down toward 600$, then up again between 850$ and ATH, and then massively down toward 150$?

Are you still in favor of a huge correction once we get somewhere near the ATH? I guess it's the most disturbing part of your analysis for me.

[RyNinDaCleM]

Why EW analysis is always bearish?

It's not! That is a bullish impulse and is setting up for a healthy correction before making another bullish move. In this situation, it can be viewed as bearish only because the likely next move is down, but I didn't say Bitcoin ded. Anyway, a completed impulse has some of the best r/r ratio with it and probability is higher to be on the right side of a trade. Plus it's me we're talking about here... I apparently only post bearish charts.

If I remember your big picture correctly and understand what you say correctly, you think the most likely scenario from now is down toward 600$, then up again between 850$ and ATH, and then massively down toward 150$?

Are you still in favor of a huge correction once we get somewhere near the ATH? I guess it's the most disturbing part of your analysis for me.

Towards 600, yes, but I think 650 would be as low as it goes for a correction here. So that's not to say that 700 would even be broken for sure, just that a healthy correction is in order.
As far as my longer term outlook of 150 and below, that isn't absolutely necessary, but I still don't believe this is the giant bull market most think it is. IMO, the best case is  to hit somewhere around 2-3k if this is to break the ath with any amount of force to carry well beyond it. In that case, we will not see 150 any time soon if ever again but triple digits would be seen again eventually. All we can do is see how the next 6 months or year plays out to see where this is going.