December 2017, we had retail rally "CBOE/CME Future contracts) (BTC new highs 19K)
December 12th 2018 we will have institutional rally “BAKKT” (testing 19K and bullish scenario 22K)
December 28, 2018 ETF rejection (bitcoin will correct to low 7K range)
February 28, 2018 ETF will be approved (BTC will create new highs bullish run till end of 5/22/2020 Halving date)
BTC is currently trading with a descending channel that appears to be forming into a falling wedge.
I will be looking to enter within the green accumulation zones on my chart with close stop losses indicated with the red lines.
Stopping out so close to our entries allows us to re-buy lower essentially reducing risk and maximizing reward.
You can see the two ...
Hey ho boys, Who's ready for a little pump to 5.3k? I sure am.
Price action is looking very similar to the July Fractal and I think we will repeat that.
This 5.3 level would hit right at the daily 50 ema which has been acting as a strong resistance over the last few months
Everyone and their dog is talking about 3k Bitcoin. Following the masses never works ...
Bitcoin XBTUSD Next Trade Points
The break above the upper parallel at 3740 was a good one when it finally arrived, propelling Bitcoin to the first target range at 4018-4152 within a few minutes of the break. Volume was pretty good too.
Since then it's made a little flag before pushing higher still, triggering the next long shot from 4152 looking for further ...
I believe we will eventually break downwards from this huge descending triangle and form a falling wedge, but in the meantime I am shorting BTC again as price looks unwilling to even approach the upper trend line (solid gray on chart).
Entry Price: $6,305.
Target Price: $6,025.
Initial stop was $6,450 but has now been tightened to $6,325.
I'm going with ...