CUBYC
Short

Bitcoin bearish market

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
No need for description, picture says everything, if you have any questions please let me know.
Comment: Bitcoin probability on this week:
Comment: Hello
Just to be clear here... I`m not Nostradamus or even Buffet! this is one of my ideas and what I believe will happen in this chart, I have multiple strategies and I`m prepared for different scenarios, even for bitcoin to get out of bear market and run up...
In this idea if my wave counting is correct and wave A had correction around 70% (why I say around? -because the price/percentage wary from exchange to exchange!), so I expect wave C to be at least around same percentage or lower.

For who is interested I will give my thoughts on possible bottom targets in descending order for 2018-2019, not sure if will be September or December or 2019! and may still have bull runs:

$4000 - Psychological threshold...
$3750 - Fibonacci level that is similar as correction 2014-2015.
$3400 - At least 70% correction of my wave count.
$3000 - This is a nice one, it may be the possibility that we have 2 big fractals... and if you divide 19.8k(all time high) to our first crushing correction $5950(February, we have aproximative factor of 3.30. So I divided $9970 to 3.30 and got aproximative $3000, it even sounds right: 20k to 6k ->10k to 3k.
$1830 - This target is the major number/level that can be seen from all market intervals and represents the first major correction on Bitmex charts for bitcoin perpetual contracts.
$975 - Is the absolute bottom, means a full 95% correction :( I do not believe in this one but hey everything is possible...

Now... I still cannot predict the approximate time when we are going to have our absolute bottom and in this idea you can see that I`m expecting a crushing correction that might be the final one or maybe not... but should be in September and same as the one from February, and even if i`m right this is not financial advice and you should trade your ideas not others as in 90% of the charts you will see approximate targets and the other 10% will be wrong which for example have targets like: target $0.99, nobody can predict 100% sure!

I tried to make a time and price prediction combining all my thoughts over longer time frame, again is just an idea! might not happen!


Thank you and good luck
Trade active: I had some disturbing private chats about my idea... people seems to trade based on others ideas from users on Tradingview, I only post my ideas so that people can make comments and tell if is right or wrong, why would you risk your moneys on others believes??
You should make your own plans and ideas, I have multiple plans and always watching the market as keeps changing, if you can not keep up then is better to stay out before you get enough confidence and can make your own investment without advice and without emotions.

For example here is an other plan that I have, showing how market can turn around, and then turn around again... and so on... is animated of course but still has my analyze with targets that I believe will most likely happen next days, weeks:

Trade active: Seems that market remains bearish and dosen`t have the juice to go for plan B so plan A still in progress...
Comment: Hi followers, I will not share anymore drawings for now, sorry but I do not have time yet. But dips starting to be powerless so another plan might be 6,5K -> 6K -> 5,5K -> 8.5K and then 3k... we`ll see...
Thanks
Comment: This is only a temporary `bottom` if BTC will still follow the idea,once 5.5K is breached I expect all my bottom targets enumerated in comment to be reached this year, even $925... I can even see $300 for BTC by 2019! I hope I will be wrong and will not post the idea.
I do not look at the branches, I look at the forest, then at the trees, the branches never reach far.
Another direction I see it unlikely

Reply
CUBYC JuanCarlos000
@JuanCarlos000, This is very nice idea, you should post it! Thanks for sharing
Reply
@CUBYC, is here
Reply
CUBYC JuanCarlos000
@JuanCarlos000, If I click, nothing happens for some reason, I vent to your profile and found it there, thank you!
Reply
"https://www.tradingview.com/chart/BTCUSD/n2xeYlax-Bitcoin-Long-Term-Trend/"

"tradingview.com/chart/BTCUSD/n2xeYlax-Bitcoin-Long-Term-Trend/"
Reply
Hi followers, I will not share anymore drawings for now, sorry but I do not have time yet. But dips starting to be powerless so another plan might be 6,5K -> 6K -> 5,5K -> 8.5K and then 3k... we`ll see...
Thanks
Reply
Pretty much agree :-----)

Reply
CUBYC blacksun
@blacksun, Thank you, we shall see next days/weeks exactly where we are going, happy that you believe in your idea! Good luck!
Reply
@CUBYC, The difference between our charts is the time scale. Things seem to go very fast at times, like the drop right now, but I doubt that it will continue to go that fast until 3-4k.

I think it will cool off somewhere, we will see... Good luck to you too.
Reply
CUBYC blacksun
@blacksun, Yes I know... probably will stop somewhere, I can not predict time no matter how much I tried... and even on my targets I`m changing my mind day by day :)) but hey! you have to keep up! anyway my posted ideas are the truly one that I believe in... meaning that I will be trade daily as a bear until I see potential direction change in this market.
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out