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Bitcoin - Journey through Ancient Egypt

Will bitcoin walk the path to resurrection or the underworld? Time will tell.

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We are ready to head back to +10K levels!

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The Eye of Horus is an ancient Egyptian symbol of protection, royal power and good health.

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Bears losing control, MACD final bearish moves, Stoch RSI pointing up, if the bulls push it out of this green wedge we pump!

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BTC bottomed? Hit radial fib!

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If this lower 0.114 fib angle doesn't hold next target will be 5k

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Hourly looking ready to bounce now

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Silence across the board, but there is hope! Bitcoin making a great bounce and hourly looking to go up more from here.

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Expecting trend to reverse bearish this evening

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So the last update has been invalidated, it was a idea. Probably some retesting at lower levels, 7200-7300 looks okay for longs.

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Fractal time, enjoy. -TheTrex

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Fomo! zerohedge.com/news/2018-02-09/ny-fed-dystopian-world-bitcoin-would-dominate-payment-methods

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It's possible to see a retest of bottom, 4H looks a bit overbought. Bull and bear battle.

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Bulls are strong, we broke 9k! Which would bring our first next stop around 9500-9600.

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Target has been set to retest upper resistance line, around 11-12k.

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Possible date of top 18 or 23th of February

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Target 11330 USD

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What if.. Godlike pump?

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I have strong feeling we go parabolic this evening, bull till 18th.

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Following the fractal!

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After the 18th, so next monday our weekly candle will close. We've had 5 weeks of red, stoch rsi at bottom, it's likely to see some up here. Weekly doji reversal.

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The top of this wave is currently extension from bottom till top wave (1), reached near 1.618. Wave (1) retraced to 0.618% then took off, to 1.618 in what appears to be 3 elliot waves. Since this is important intraday price, and indicators have been running off-limit, it's pretty safe to say we can see some pullback. This would be towards the yellow (4) of this intermediate wave, but can also bounce on 1.382 fib then run towards the target in blue upper zone (testing upper resistance line from ath).
My target is around 9750-10250
The 18th is also close of weekly candle, which is a doji, it pushed up good deal but probably closes a bit more down. Monday will then open a new weekly most likely in green. ;)

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Very big move incoming this evening, a lot of redistribution both at bottom and top.

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Trade the outbreak!

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Unleash the bull! Up we go :)

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Moon initiated

Transaction en cours

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2013 overlay says we could hit around 12500, it's possible but I would take a great deal out at 11700.

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Another possible scenario for Bitcoin. Cup and handle, then breaking up.

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Smaller TF view. Entry 10650-10700

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Uptrend till 21-23th of February

Transaction en cours

The big short is about to come, alt's dying and near bottom, 12H running almost to the roof, EW near completion, logarithmic (almost) and linear upper resistance hit.
Our shorting area is 11400-12700, spread entries, target is around 9000, here we can decide if we want to close or if the market is still very bearish.

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New chart, please leave a like, these updates are getting a bit full.

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In trading it's really important to detach yourself from any emotions than can influence your objectivity. Don't trade with money you need or cannot afford to lose! Be patient, have a systematic approach, don't break your own rules!
And understand that taking losses is okay too, if you are not in-sync with the market it's better to let it rest for a while. Observe, reflect, make a strategy (Plan A and B) and know where to take profit (most importantly)!

TheTrex

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TheTrex

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