stuco

bitcoin BEAR market rally analysis- continuation

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BITSTAMP:BTCUSD   比特币
playing devils advocate
*HYPOTHETICAL*

this one gives a better timeline analysis IF this is actually a bear market rally, and how + when bitcoin could will break out of the hypothetical bear market rally




this one is primarily so that i can save an idea without actually saving it.

welcome to criticism and debate
评论:
what you do with this information is up to you.

i'm shorting this
Tp scaled order 7.5k-9k
评论:
Currently the high is 18883
If the over bought and very close to 100 weekly Mfi has the same track record of falling about 70% would put us at 5664.

5564 is the last support that failed during the bear market. Funny enough we also blasted right though this resistance.

We should expect a hard bounce towards the trend line. If it can’t hold above trend line on a weekly and daily we will be seeing 3k btc again.
评论:
I don’t think we see 15k btc for a long time.

Attempt to get above the trend line will be seen again at the horizontal line
评论:
I need more sleep. The high is around 13883
-70% around 4.1k
-72% around 3.9k

(MFI weekly near 100 overbought)
(Look at my other analysis)

With a rally this high it could mean we break even lower than 4k
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