BTCUSD possible pullback (~$10k) before the next rally ($12k)

١٧ فبراير ٢٠١٨

My general sentiment has been bullish for some time (see my previous posts as well as YT video).

Still, I have a feeling that the bulls are exhausted:

• Many alts have stopped growing for some days
  
• We see BTC has bearish divergence in terms of volume
  
• 11k is a critical resistance level, as it is the 1.618x of the neckline (I already mentioned it in my previous post)
  

In this context, I see BTC retesting lower levels in the coming days before eventually rallying to 12K by March.

١٨ فبراير ٢٠١٨

ملاحظة

Indeed pulled back

١٨ فبراير ٢٠١٨

ملاحظة

on the hourly, we have seen 12345. let's see if we have completed this correction.

in any case, to say it's going to "2k" is like saying it's going to "-2k" or "-1million".

١٨ فبراير ٢٠١٨

ملاحظة

Should I start posting it's going to ZERO$ in order to get more views?

Seems the TV crowd loves sensational posts.

١٨ فبراير ٢٠١٨

ملاحظة

seems to be a small rising wedge in the <1h time frame.

BTC is probably going to trade in range & accumulate

١٨ فبراير ٢٠١٨

ملاحظة

may have fallen out of the rising wedge. Will this be the "C" leg of the correction? Or is it just normal range-trading?

10k is possibly the key: if we never touch it, it's just range-trading & accumulation. if we cross 10k, possibly 9.5 will be the bottom of this correction, and it'll take longer to retest 11k

١٩ فبراير ٢٠١٨

ملاحظة

Appears that the range is indeed above 10k. Probably will break out this week

١٩ فبراير ٢٠١٨

ملاحظة

Very tiny rising wedge visible only on very-short time frames (5min)

I think 10.5k will be the new, higher low

Decidedly bullish but breakout isn't guaranteed today

١٩ فبراير ٢٠١٨

ملاحظة

another rising wedge, this time visible on 15min

١٩ فبراير ٢٠١٨

ملاحظة

ASCENDING TRIANGLE

the market seems determined for breakout