morzs

morzs

I have a hard time to decide between bullish and bearish attitudes, but it seams that the next extremity might be at 15. Roughly coincides with the next top predicted by www.lookintobitcoin.com I generally noticed a sentiment that says that the alt season is over. However, history indicates that alt seasons tend to be longer than a couple of months. I am holding...

morzs

I accidentally used log scale. Everything looks infinitely better on regular scale.

morzs

But I cannot say anything for sure.

morzs

Couldn't help it, the first thing came to my mind seeing this is Total Eclipse Of The Heart by Bonnie Tyler. DYOR, don't buy more than you can afford to lose. Regards.

morzs

The prices are squeezing too hard for the channel sequence. I believe we are close to starting a new trend.

morzs

This coin has a long track record of having a predictable market cycle. It is currently a low risk buy.

morzs

Made some prettier channels. It may appear that the price is doing a ping-pong between the dashed lines and the parallell channels. I do believe that things are bearish in the short term. 5000 USD has a reasonable chance. The vertical lines are customized fibonacci time zones.

morzs

I will make a decision about my bearish / bullish attitude once the channel's wall is either broken or the price bounces downwards.

morzs

The price crashed through an important price level with nearly no resistance. I am bearish about this.

morzs

This is just a followup of my former idea. Things may stay bearish for longer.

morzs Updated 

It has been a half year. If you shorted BTC so far, you had a good time. I think bullish tactics can become realistic now that BTC has not opened another downward channel and broke through the resistance outlined by the long term triangle's apex too.

morzs

The dev of Rubycoin is known for not trusting technical analysis. That is one of the reasons why he is making his state of the art bot.

morzs

Don't forget to manag the risk and DYOR

morzs

Of course reaching the former bottom is possible, but with cost averaging and not going all in this is all managable

morzs

I wouldn't recommend selling though. Breakout is probable. Even if that doesn't happen hodling, and accumulating for a later mooning is a valid strategy.

morzs

I am bearish on this for now.

morzs

BTC jumps... aaaaand it stays in the channel.

morzs

It is in a bear channel approaching AATL (almost all time lows). Great fitting of alternative Fib Timezones (as seen at Binance's 'parallel rays').