professional_n00b

professional_n00b

This is my view of upcomint bitcoin price. I've been bearish for a while now and I still am. Bigger purple box is my buy back in area.

professional_n00b

Bitcoin fell 85% from it's previous high in 2013. I don't think it will go quite so low this time but it wouldn't surprise me. Let me know what you think.

professional_n00b

Could the TA be as simple as this? Please please please comment if there is any Elliott rule that would invalidate this. I have been bearish on BTC until I wiped all my previous count and took a step back...

professional_n00b

I still think BTC is on a downward trend and could be a great short position right now if you bought in the last dip. My buy in targets are the red rectangles. 20%, 30% & 50% I've copy/pasted an explanation of the Ending Diagonal pattern that Bitcoin might be in from a stockcharts.com page: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...

professional_n00b

Could BTC be in a Ending Diagonal pattern?

professional_n00b

Oval target I had predicted 3 weeks ago. If BTC is in a downwards wedge I see short term rise to "D" followed by a big drop to "E" at witch point big fish investers will step in driving the price back up to aprox 15K to complete a Wave 1 of a the new cycle. It could be a great opportunity to go Long now and short at 10-12K Please comment as I would love to hear...

professional_n00b Updated 

What do you guys think?

professional_n00b

I hope I'm wrong.

professional_n00b

Acceding wedge usually results in trend reversal.

professional_n00b

Hi all, my 1st post. I would appreciate / encourage anyone who sees a different outcome to comment. (preferably with your reasoning) I'm still relatively new to TA and would really like some feedback on my projected targets. Thanks