Situation not good !

١٠ يناير ٢٠١٨

We got another new Low and BTC needs to break out the down trend line to engage for ATH. I am hedging the position with a margin ETHBTC on another related idea so far. Time is running out !

١٠ يناير ٢٠١٨

ملاحظة

Break out points so far:

١٠ يناير ٢٠١٨

ملاحظة

We are on the right track, just crossing the MA :

١١ يناير ٢٠١٨

ملاحظة

Some fake news bring another dip with even lower levels, with more money changing hands a very good ATH is probable. I have again adjusted the chart with the new targets. We are still on the game, hedging the BTC position by margin trade SHORT on XRPBTC, in another related idea, which increases our BTC holdings by now:

Targets @18656, @24157

١٢ يناير ٢٠١٨

ملاحظة

BTC is failing to cross the MA and might go to a another new Low ! We better always have a plan A/B just in case we are on a very bearish scenario to 9k/6k but so far I am not expecting it to go Lower than 12101:

١٣ يناير ٢٠١٨

ملاحظة

BTC is fighting the MA on the 3H timeframe:

١٤ يناير ٢٠١٨

ملاحظة

With lack of liquidity cause by kraken temporary shutdown and weekend, market is going sideways trying to accumulate more volume, we can see the volume bars are ways below average and as a result BTC is too sideways sit on the 0.236 Fibo and it is not still clear it is going path A or B:

١٤ يناير ٢٠١٨

ملاحظة

Got some harmonics on chart in case we do not go lower, it might pickup path A in about 1 day on the 0.382 Fibo heading to 0.618 and 1 which matches a previous top @19171:

١٤ يناير ٢٠١٨

ملاحظة

We lost the last harmonic and now we are on undefined fog territory with a triangle looking ascendent so far:

١٥ يناير ٢٠١٨

ملاحظة

We are still inside the triangle, if BTC don't break out, it is heading to it's lower bound:

١٦ يناير ٢٠١٨

ملاحظة

We break down the triangle and here is the situation right now: