The Bitcoin Megabull Cycle - To the Moon (Zoomed in Chart)

18 Jun 2016

This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin Megabull Cycle based on the fractal of 2012-2013. It was spot on so far until that additional leg to $780 probably due to that short squeeze that started on Okcoin Futures.

Bitcoin blew past $650-680 and we continue our journey way higher as we head to the "moon". If we manage to hit $1000 Bitcoin could get higher due to increased media coverage and more interest / hype that will bring new money in to the market. Google Trends already shows accrued interest as seen in this chart: prntscr.com/bhxfel but still not parabolic interest (so there must be more room to moon imo)

My conservative targets are: $840-$950 or $1170 and $3000+
The current fractal potential target is: $10000 - 9000

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21 Jun 2016

Dagangan aktif

Bitcoin megabull trade is still active until the red line is violated.

If line is violated I would suggest to rebuy or long at $550-520 for a potential double bottom on that old support of 2014

22 Jun 2016

Nota

Currently the red line has been violated if this continues expect a drop to my revisited targets of:

Expected bottom: 570-580
moderate bottom: $550-564
high volatility with margin calls: $525-540

23 Jun 2016

Dagangan ditutup secara manual

Unfortunately the red line was broken and like i warned in the comment section down below another chart comes into play prntscr.com/bhlpuc with a double bottom at $550 area. We will consolidate at those levels for at least 3 months.

This means for now the megabull has ended. I believe sometime in October 2016 we will resume the megabull to $10000 area. I will publish a chart when I get time away from personnel life and work to show you why the bull trend is still alive short-term and long-term as long as we remain above $460

In the meantime you can follow me on twitter to get quick updates on recommended trades and setups!