For explanation of low $8,750 turquoise (light blue) box, and $8,616 low of pink box see previous posts.
All days ended down. Could tomorrow be the exception and end up?
Dec22 volatility high - low = $ 5,142
Jan11 volatility high - low = $ 2,360
Feb1 volatility high - low = $ 1,395
Mar10 volatility high - low = $ 835.5
Mar29 volatility high - low = $ 1,090
Saturday May 12 is 8th day and not 7th day in an 8 to 12 day bear market which began Saturday May 5th with high of $9,990.
The way I see it is that Bitcoin's technical expansion from the Aug 2016 low to Dec 2017 high did not form any consecutive weekly fractal highs or lows. This year Bitcoin is off to a good start again from Feb 2018 low and probably in the midst of a soon to be confirmed weekly fractal high followed by a weekly fractal low. I believe we are in an 8 to 12 day bear market which began May 5 and which will end over the next 4 days - Sun, Mon, Tue, or Wed max. Then hopefully away we go smash through $9,990 create the next weekly fractal high further up. Of course a lot can happen in the meantime to wreck my idea. Next week's Consensus event may help. NOT TO BE TAKEN AS ADVICE (ALL USUAL DISCLAIMERS APPLY)
#Bitcoin $10,956 plus by end Wed May 16 Y/N?
Previously market was looking at a drop from $9,990 of between $2,752.4 and $3,937. Looks like the 8 to 12 day bear market ended on the 8th day and that the drop won't be as great as the rise back up through the last daily fractal high by the 12th day. So I'm now thinking the reverse from $8,204.4 that would be $10,956 plus by end Wednesday ($8,204.4 + $2,752.4 = $10,956). Given market $8,825 high already today it's not impossible especially as were in Consensus 2018 week, and WOW what good news is coming out from there.
At the moment price appears to be caught in an upward channel. I expect price to break upward from that rather than down to new lows.
How I worked out these figures see my previous post "#Bitcoin next buy zone between $7,271.3 and $6,745.1"
Of course a lot can happen in the meantime to wreck my idea, but all looks clear for the time being.
REMEMBER NOT TO BE TAKEN AS ADVICE (ALL USUAL DISCLAIMERS APPLY)
It's hard not to be thinking plan A the short right now aided by Global markets.
#Bitcoin going cautiously long, Consensus 2018, saw the low Y/N?
During, Consensus 2018, I'd say bulls won on points (market held up well).
Global markets could impact but there are loads of places to put stops in.
Better way of putting it "Bitcoin, Consensus 2018, bulls won on points (time spent above weekend low). Bitcoin now set to go higher, but not while rattled by current global markets and events.
there btc and they would lose money as we are going bullish long term i believe all we are doing is healthy
retracement the whales have been in control this whole time and are taking money from the shorts im Vlong
and HODL until i sell..
Every time i see some one shorting btc they end up with nothing or losing everything so i go long and wait
its the best thing to do if the price falls below a certain price i will sell to buy back in ladder buying is the
best way when we where full bearish.
A Lot of people ladder bought on the big bearish trend we had and they will take profit on the way back
up its only natural if we fall below $9.050 then i will relook at my position and the market but i tend not
to worry about the price as long term bitcoin is Vbullish, more and more places are accepting bitcoin
there is a lot of work going on with block chain technology companies trying to implement it into there
But i would say the shorts are not making and losing a lot due to whales they will dump so much btc
on the market an drive prices down what would normaly take 3 months on a healthy pullback has
been happening in days if not hours..
This is catching new traders off guard and short term traders they are desperately trying to shill
everywhere LOL good to watch though, when regulation hits the price will stabilize and the
price i believe will rise allot as bigger investors come into the market will make sure the price
is what they want it at..
Might not be this year but when it does happen people who sold there BTC will be sick as a chip
if the bulls lose control of the market the big fish (Whales) i believe will step in and control the
market how ever they see fit.