Bitcoin 2018 Q1 Leveling Out...Time to Relax

I believe we won't be seeing a major shot in the arm to burst back to $20k, but I do think after a few months we will be primed and ready and the whales will have accumulated all they need for the next push to $35k-$50k.

Komen:

To update this idea... We did got quite a bit lower after hitting the 200 SMA the first time. This wasn't a big deal if you were trading on the larger time frames waiting for what seems to be the first big bounce since the $6,000 low.

I plan to stay in a LONG SPOT position for a week or two up to the red SELL zone and any margin positions I take on will be with a long bias.

Dagangan aktif:

The first stop of my initial idea I believe has been reached. We might see some sideways action or maybe even a little more up to touch the actual ATH Trend Line.

The below chart is showing the expected move to complete the original idea down to $7,700 based on some missed Weekly Pivot lines. This is a sometimes unusual way to see what Pivot lines were untouched by price previously and trade back to that price level in the future.

Komen:

There was another touch of the ATH trendline from $20k that came back on the Hourly chart. If this fractal continues to play out this could be the last high we could see for a while.

Komen:

I know it is a bit stretching and squishing of the fractal, but I wanted to just count the tops and bottoms and see where we end up.

Komen:

We are in a falling wedge pattern and need to wait for a launch leading out the top side of the wedge. If you like waiting for confirmation... then look for a slight pull back on the smaller time frames like 15m or 1 hour, but I think when this thing takes off it will be like the ORANGE candles in the idea where it is going straight up.