Ni6HTH4wK

Auction happened and everyone is happy again

Long
BITFINEX:BTCUSD   Bitcoin
Until the next auction...

But anyway, the last couple of movements have been an ABCD replica of the previous so I figured we can just copypasta the same movement and predict where we are going here. D happens to land right on our last bane of Bullishness ($635) so it seems very plausible. (((Don't mind my (+#=#) comments and arrows, those just point out my previous bad buy/sell points so that I don't forget them.)))

Summary: Correction from here down to about $588 (38.2%)... probably just going to be a falling knife with some follow thru so be sure to catch it. Then a miss the train rally will occur and launch us up to our first stop at $608, 2nd stop at $620, and final stop at $635. We might then hit a bigger retracement down to about $610 which will be short lived more than likely. The next leg up should hit $~685 before pausing again. After that I'll need another TA done since we should be entering an extreme markup phase where the market doesn't retrace. :bull:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.