BTC/USD long long long road till botton!

14 Okt 2018

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14 Okt 2018

Nota

Hi i wanna speak about this analysis ! its not mine i have my personal analisis long way ago ! you can check it here

my analysis

other analisis -

Ok that said lets see this analisis that makes perfect sense with my targets and other analisis i made around summer , yes summer! hahaha :))

So what we do here is draw a trendline using BLX chart from the botton of bitcoin and we noticie once the bear markets start we start failing and finally we broke that trendline , and this happened 3 times on this 3 giant cycles!
Once that trendline broke down we found a botton and support on 50ma ! re acumulattion and stock up to a new phase , new bull market.

we are currently on a symetrical triangle a probs are 85-90% for breakdown , i bet we will find support on 30ma monthly basis around 4965 and then bounce back up to the triangle , but then more downside , yes more downside!

Hope you like this little comment and a new different vision using BLX