Bitcoin - Time to buy

BITFINEX:BTCUSD   Bitcoin / Dolar
After a great correction, bitcoin lives.
Operation Suggestion:
Buy: Between 15950~16100.
Target: Between 19700~19800.
Stop: 14999.

Bonus: You can exit the operation when the green ascending line breaks, it will be an indication of falling start. Wait confirmation after break ( pivot ).
Dagangan aktif
Komen: Trying break green ascending line.
Dagangan aktif: Disregarding the previous ascending line, this line was steep.
Now we have a more secure ascending green line.
Dagangan ditutup: hentian tercapai: Break ascending green line & stop price limit.
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Pls. Update idea
+1 Balas
i think it is over. thank you all of your charts.
+1 Balas
@MrClock is it the trade over or still active?
is the trendline considered broken now? trade still active till the stop loss is triggered?
+1 Balas
something strange is happening, apparently someone holds their manipulation of course...
Thank you for sharing your charts and ideas. I find them very useful.

I remember the charts from 12th June till the 16th of July 2017. I remember the prices as well. I didn't even need to look at them to realize how similar this one is. If you compare the charts (BTCUSD - Bitfinex) from 12th June 2017 till 16th June 2017, you can clearly see the same pattern as here from the 17th of December till the 21st of December.

I think we are still in the triangle that needs attention. This is just my opinion and I have been wrong more than I have been correct, so please take this into account and do your own TA.

It is entirely possible that we may see BTC dropping to 8k from here.
Don't you think that it is still in abc retracement? and wave C didn't start yet, therefore it won't go up anymore and it will start going down till the retracement is completed at 8000.

What do you think?
+3 Balas
Perugini tifo1234
@tifo1234, I'm somewhat new to this, so someone correct me if I'm wrong, but there is a high chance it will rise since it broke the resistance line. However, if it does fall, like you stated, the stop is at 14999 to prevent any major loss.
+2 Balas
@tifo1234, this is perhaps one of the best point of views to look at things . I totally agree and well done for spotting it
+1 Balas
MrClock tifo1234
@tifo1234, It will be very difficult for bitcoin to fall below 10,000.
Elliot's theory in bitcoin never worked well.
But we have a short "stop loss" for any unforeseen.
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