matthew.khama

matthew.khama

BITCOIN Ripe for a large Fall. Targets remain below $6800.

matthew.khama

I expect bitcoin to fall sharply in wave 2 to target of about $6800 before starting a strong leg UP.

matthew.khama

Bitcoin should blast off from here. Next targets lie at 13,000, 14,000 and 16,000. BUY.

matthew.khama

Expect one very last sharp drop in Bitcoin to about $4000 then a very strong, prolonged bull market to above the previous all-time high.

matthew.khama

GET READY! BITCOIN is going to the moon. BUY and HOLD. Stop Loss $7276.83. Targets beyond the previous high of $19,000. Don't miss the bus.

matthew.khama

BITCOIN is dropping in wave C of (2) as I had anticipated in my previous post. This is a thrust from a triangle wave B. Once wave (2) completes the a strong and long move up will ensue. That move should take Bitcoin beyond the previous $19000 high. Be ready to make money!

matthew.khama

A drop in Bitcoin towards $5000s likely soon.

matthew.khama

Bitcoin is doing a wave 4 which may bottom at horizontal trend lines. Once wave 4 completes then wave 5 will take Bitcoin to above $8300. See my earlier last year post for a strong bull market in bitcoin below. This was a time when almost everyone was passionately bearish on Bitcoin.

matthew.khama Updated 

Bitcoin is gropping for a bottom in a complex wave II (which might already be in place). Expect a significant move of several multiples of the last major high i.e beyond $19,000. A move above $6500 in the coming months will be key. #If you know you know.

matthew.khama

I expect a quick move to above $10,000 to complete wave 1. Thereafter a large correction in wave 2.

matthew.khama

I believe a sizable correction is coming in Bitcoin which will disappoint majority. The first target is $8190.00

matthew.khama Updated 

At $1075 Bitcoin's wave (2) retraced a Fibonacci 78.6% of wave (1) and promptly fell. $913 is wave 1 (colour red) . Bitcoin is currently in red wave 2 which should complete below $1075 i.e $1075 is our resistance line in the sand and should not be broken upwards. Once wave 2 completes then expect Bitcoin to fall sharply in red wave 3. I'll give targets for wave 3...

matthew.khama

Bitcoin rose as we had anticipated in wave (2). Wave (2) ended at about $1075. We are now firmly bearish. Bitcoin should fall in wave (3) with an initial target of $543.

matthew.khama Updated 

We are there! Bitcoin has made the minimum retracement required of wave (2). The next wave should be sharp below $1000 soon.

matthew.khama Updated 

Expecting the bitcoin move to $990 soon to complete wave [ iii ]

matthew.khama

I have added more wave labels to depict the subdivision of wave C. Wave [ i ] and [ ii ] are in place. Wave [ iii ] is developing and I expect bitcoin to rise soon to about $990 level.

matthew.khama

As can be seen here, bitcoin is rising in wave (2) which should not reach the dashed RED line. That is our line in the sand which, if broken, will require a review of the wave labels. Wave (1) down ended at $810 (the point marked (1) ). Wave (2), which is composed of red-coloured waves A, B and a developing wave C. This wave (2) appears to be forming an expanded...

matthew.khama

As stated in my BITCOIN: BEARISH ON THE MONTHLY CHART analysis, I am bearish long term. However in this Weekly chart, bitcoin is attempting a rally to complete wave (2). I don't expect the dashed RED line to be surpassed to the upside (that would invalidate the wave labels and would require a review of the wave structure). Wave (2) will likely end at $1010 level...