Analysis

[StarenseN]

Bitcoin_Vanga aka Masterluc is bullish. Enjoy his recent chart:

https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev

oh f- ! Sell signal ?? Regarding its last call which was a buy signal:

Textbook handle if that plays out.

So if it goes higher from here Master's chart is invalidated?  

LoL he's lucifer all over again...

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[manselr]

Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.

[MR1]

Yeah, last time his prediction has failed. He predicted $700 and instead we jumped up to almost $1.300.

The question is: has ML ever failed twice consecutively? AFAK the answer is no. But I`m only Hero member. Legendary members must have a long history following ML`s predictions...

[MR1]

Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.

ML`s stance is very interesting: he does not care at all about EFT, Chinese gov`s "bans", Bitfinex hacks and so on. He is trying to apply Elliot Wave theory to BTC 

[wpalczynski]

Yeah, last time his prediction has failed. He predicted $700 and instead we jumped up to almost $1.300.

The question is: has ML ever failed twice consecutively? AFAK the answer is no. But I`m only Hero member. Legendary members must have a long history following ML`s predictions...

He has been right a few times with quite stunning accuracy but he also clearly talks his own book in instances where the market moves against him IMO.

[wpalczynski]

Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.

ML`s stance is very interesting: he does not care at all about EFT, Chinese gov`s "bans", Bitfinex hacks and so on. He is trying to apply Elliot Wave theory to BTC 

Some people think TA is the only relevant evaluation of future price action and "fundamentals" such as the ones you outline are just an excuse for people to justify price action taking place.  I have a hard time seeing it that way.

[Afrikoin]

Here is my current thought on where we possibly might be

[marcus_of_augustus]

Bitcoin_Vanga aka Masterluc is bullish. Enjoy his recent chart:

https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev

Interesting to see the more bullish case there is a continuation of the current drive up to 1700-1800 region before a pullback late-March/early-April timeframe ...

[flyer88]

I cant find this chart on the PentarhUdi TradingView Account.

[Cherylstar86]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

[silverfuture]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

So I should sell then.

[vnvizow]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

So I should sell then.

I'd say sell, especially with the ETF, BU, etc. going down rn. Just wait till it blows over and then buy in

[marcus_of_augustus]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

So I should sell then.

Better yet, you should panic sell at the bottom.

[OrangeII]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

So I should sell then.

Better yet, you should panic sell at the bottom.

you are right. the current bitcoin prices began to fall, and it probably will trigger panic selling. however, I also feel that bitcoin prices will not fall too far. sell it at this time would probably get a good thing in the future.

[secousa]

I cant find this chart on the PentarhUdi TradingView Account.

Not every chart is published publicly. You can find that chart at his vk.com site.

[wpalczynski]

From a TA perspective setting aside ETF, how far is this going to drop and where do we have solid support?

[silverfuture]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

So I should sell then.

Better yet, you should panic sell at the bottom.

That's one popular strategy. I prefer to sell high, and then buy low. The goal is more bitcoins.

[h3speros]

i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom

[flyer88]

Any new thoughts about the south moving price?

[STT]

Well in my analysis bitcoin trend really shows good progress these few months from january to february, it has a good performance as wel. That is really a profitable record of bitcoin since the previous years drowned by its price in market, and now its a histotic happening that brings bitcoin into the peak of success.

So I should sell then.

Better yet, you should panic sell at the bottom.

Sell when everyone is buying is the standard wisdom and buy when others are selling.     Thats basically sound because all buyers is similar to all passengers of a rowing boat standing on one side, its not stable and price becomes inaccurate and volatile.

The problem is to judge when is everyone selling or is bitcoin just really volatile, prices move greatly from exaggerated trades on exchanges but the silent majority continue to hold and use bitcoin lightly.    Are we seeing massive differences in bitcoin trade, day by day or is it much the same.
  My view is there is much doubt with every rise of bitcoin, there is no magical story backing bitcoin that people are clinging onto.  The ETF thing has been around for years and once again the goal posts are moved.
If anything at this point you should consider selling if they ever put that ETF through,  I imagine this is part of the end game now.     They'll only let BTC be official as an asset when its already succeeded and most growth is over ?

If there is doubt on bitcoin rising and it continues, this is a balanced rise.   Weak hands regularly take profits.  I would like to judge if more people are using or at least trading bitcoin as viable or if the number drops.   That will depend on China I guess, events there matter.

From a TA perspective setting aside ETF, how far is this going to drop and where do we have solid support?

TA wise I see the chinese btc price as retracing 61% of its year start rise and fall.    Its not especially weak then especially as volume has disappeared ?    Is there some reason we see little volume now, that could be worrying I guess.   At present low volume shows as bullish to neutral, we not pressing ahead in either direction.

The dollar price and exchange may be much different as dollar itself is speculated on and has news on its rates  etc.   However most volume is in China so that should be the price to examine most closely.

I previously said 1270 as a ceiling to surpass.  IF you want a line to draw in the sand here, look for weakness below 1047.  This would be a repeat of some February action when it climbed above, 1150 would mark good progress if maintained as a low not a declining ceiling.