I want to track BTC as I have some ideas for it in the future. Saw an amazing weekly cup and handle chart awhile ago, but I can't find it. When I do find it I'm making another idea most likely.This three drives pattern has been charted a lot. I first saw it thanks to LewisGlasgow's idea so shoutout to him.
I predict based on my fibs BTC will top around 1545-1553. I'll try and get a more accurate reading soon. Looks like when it tops, assuming technicals overpower fundamentals, i predict BTC will fall to around 1142. I am currently testing a new system so hopefully it will work on BTC.
I predict based on my fibs BTC will top around 1545-1553. I'll try and get a more accurate reading soon. Looks like when it tops, assuming technicals overpower fundamentals, i predict BTC will fall to around 1142. I am currently testing a new system so hopefully it will work on BTC.
Commento:
BTC is definitely going to top. Godmode doesn't mess around above 80. It can only go so high. I'm shorting the top. What goes up must come down!
Commento:
For anyone interested in how to setup Godmode here is the tutorial:
I will be writing a tutorial for my new system very soon so make sure to follow me!
I will be writing a tutorial for my new system very soon so make sure to follow me!
Commento:
Read - "17K Bitfinex contracts short starting at 1600$. If price hits 1600$ on BFX forced liquidation will wipe out ask book. Could send us past 2000$" www.reddit.com/r/Bit...starting_at_1600_if/
I personally believe technicals will overcome fundamentals, but if you plant to short the top, wait for confirmation. It could be the greatest fakeout ever for BTC longs. I think it i will be. We will know soon. As it gets closer to the end of the pattern, if I have free time I will do some more in depth charting with my new system I am working on. Godmode and MACD combo is your friend!
Also, I posted an update earlier but I left it in the comments by accident. Just check that, not super important though.
I personally believe technicals will overcome fundamentals, but if you plant to short the top, wait for confirmation. It could be the greatest fakeout ever for BTC longs. I think it i will be. We will know soon. As it gets closer to the end of the pattern, if I have free time I will do some more in depth charting with my new system I am working on. Godmode and MACD combo is your friend!
Also, I posted an update earlier but I left it in the comments by accident. Just check that, not super important though.
