Update for Bitcoin for next 24 hours. Dragonfly Doji Candle into play at $8600 (04.02.2018)
Bitcoin price decline from $9500. Now we have minor resistance at $9500 on 4 hour chart!
Bitcoin holding $8400-8500 nicely.
But the good news is that we seen DRAGONFLY DOJI CANDLE At $8600 which is early indication that a downtrend is running out of steam and may soon come to an end.
SO i expected volume increase for next 24 hours to take price over $9500.
Fibo Retracement will complete at 10k for short term trade.
Three black crow Pattern I expecting powerful bounce from here. 8k
Buying Loading zone for powerful bounce
Expected Price Range for next 24 hours: $8700 to $ 10 k.
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sadly not right...
upvoted & followed, good post :)
sir @mahyardean thank you.
You are taking a risk coming out with these predictions. Sadly Bitcoin is a $3000-4000 coin without the banks wall street etc. They want Bitcoin at its cheapest price... and this means they will wait another 3-4 weeks if they have to.
Bitcoin went from $780 on Jan 11 2017 to 20k, that is 25x. If the same happens from $5000 it would be $125,000 in December. And this is possible. I dont know if you follow Trace mayer on Twiiter but he has be an investor since 2010 and this is around his prediction.
I am not a financial advisor. make your own decisions.
Exactly his analysis were quiet off especially his open challenge, in this market they are always probabilities and possibilities "NOT CERTAINTIES". Anyway I see a bearish trend for another week or so.
Feb 10 -13th friends. Look at the last 3 years, then look at the end date for Chinese New Year. Today is Superbowl Sunday in US, so no shit it's down. Anyone who didn't see this for today has rock in head. We may see a bounce back to around ten in the next few days, but my guess is the real ramp won't start until 10 to 13 - Keep your powder dry, buy the dips, and HOOOOOOOOLD
it will stay in bearish channel until after Chinese New Year 16th Feb. Towards the end of feb we will see uprise in all coins.
I'm hoping you're right ....
Nice post, i like it
dear @atim1234 thanks alot.
The one part of the puzzle I just can't understand is volume.
Looking at the 1h candles.
Before Dec. 22 we were having big spikes and from there volume stayed on the bottom until Feb. 02 when we hit 7,5k.
Who were the players during the up and downs betwen Dec 22 and Feb 02.
Who are the players that entered Feb 02 causing that big spike in volume?
Why did volume died after Feb 2?
It's clear to me that there's a force acumulating bitcoin on 7,5k and possibly at 5,7k, but who is the force holding it from going up again.
Well it is obvious that somehow price is manipulated.
Yup, but if they are using brute force to impose sell walls just to scare people, shouldn't those sell walls show up on the volume recordings? Only reason I'm asking all this questions is because I'm new to the market, trying my best to understand the 'battle field'.
@asiahajranajma decided not to listen to You and is still rabid in Haejin's posts, doing You quite a bad press. She/he seems to respect You a lot, so maybe You could contact she/he and ask her to stop. Nothing discourages from following more than comments from crazy people like her/him.
He made a public post about it. But @asiahajranajma's agressive advertising strategy still has me convinced that he and @salahuddin2004 are the same person, and these are very dirty guerilla ad tactics. Funny thing is, @asiahajranajma is just as consistently wrong as @salahuddin2004, but the difference is that @asiahajranajma isn't trying to predict the future --- he's just trying to spin (lie about) the past. What a clusterfuck...
Maybe wait for that candle actually close before declaring it a dragonfly doji?
Sir @cryptocaddie I mention into play.
You did indeed.
thanks for your analysis, you think that bitcoin could be worth about 5000 dollars
Interesting, but wrong, like most of the time...