BTC... IS THE BOTTOM IN? AND WHY DO WE CARE?

hey hey hey Everyone!

Long time no see here on Trading View!

For some reason today the song... I like big butts has been stuck in my head... and I don't actually like big butts.. I exercise so I don't have one ;)
But I have been talking a lot lately about BTC's Bottom and honestly it is a big bottom... and where we are headed from here... and before all the haters start hating... this is an opinion, mine... so you don't need to share it, or even think it is valid, but I am happy to listen/read your thoughts and ideas too.

I have this on a BITSTAMP Chart as I was too lazy to remove my lines off my other charts... sorry guys.

We are on a long term support, in fact this support has been in play since September 2016 and today BTC had a small drop down and bounce to sneak past the strong resistance from the ATH and now we have a tonne of free air with little resistance until the mid to high 4s. In terms of Pattern I look at Elliott Wave, and I have BTC in the C wave before a final 5wave down to finish Z of the overall WXYXZ pattern. IMO that means we will see a double bottom piercing the long term support and quickly moving above again.

Worst case scenario, if the long term support breaks... it is scary to see how low BTC might go, as support may not be found until much lower. But I will look at that should it happen, I don't think it is in the immediate future.

Enjoy the green while we have it, because I feel after this C wave, the bears will be back :)

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

تعليق:

YES!!!!! a good sign for BTC first target hit, hoping to see a flag here :)

تعليق:

BTC smashed through my targets, and in a flag now to move higher to upper Aqua target <3

تعليق:

All exchanges at diagonal resistance....
it is possible to see a drop here, before a rise to target tomorrow when Futures Release <3