Bitcoin Breaks Out September 22-23 starting an Early Megabull

20 thg 9, 2019

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This chart is mainly for all my followers who saw my call last night on the Bitcoin 1D Bollinger band Head Fake that played out nicely. Please read on!

Well well few hours later and voila we got a full bart up to $10,380 back in the middle of the 1D Bollinger Band squeeze and that gentlemen is a head fake. If you look at the volume you see a nice green bar which was the highest we have seen since early September! That green volume bar confirms that this is a legit head fake. We just need that last part of the confirmation that comes next week with a break out past the top of the symmetrical triangle at $10,450-10,550 give and take / Bitstamp. This is where my old longterm blue fractal comes in!

So what happens now???? well I am finally sharing with you the last part of my old fractal we have been following closely in the group. As I told you yesterday we have a 3rd wave which we just started after hitting that top I called few days ago to be hit at $10,380-10,480. Today Bitstamp hit precisely $10,380.

From here we should see Bitcoin go for a last gradual sell off on this wave that could drop to $10,100-9,950 roughly until September 21-22 after which we break out past the top of the symmetrical triangle (confirms past $10,550) to $11,000 for the BAKKT launch.

So why are we seeing such 3 waves with spikes followed by a decline? Well my theory is that the Market Mover uses the 3 Bitcoin waves to load up on ALTS 3 consecutive times and having them surge (which I called last week a short-term uptrend on ALTS and ETH and NOT ALTS Season yet). We still have a 3rd wave on ALTS to do I believe this weekend. Make sure you take full profit on ALTS to BTC by Sunday/Monday as after that Bitcoin may go for a last sell off so the Market Maker loads/scoops up cheap Bitcoin a last time before we get the real break out on September 21-22.

20 thg 9, 2019

Giao dịch đang hoạt động

Here is the older chart I published a while back

20 thg 9, 2019

Ghi chú

Guys, you will have to keep holding in this irrational chop/sideways until the 22-23 of September give and take. There is nothing to make sense of on the lower timeframes. Don’t let that spook you.

Once all the Bollinger bands are squeezing tight and ready for the big move we will break up. Till Subday comes enjoy the weekend okay? I will update around that time!

22 thg 9, 2019

Ghi chú

Quick update, I see we erased the nice head fake we had 2 days ago and are starting to resolve the Bollinger squeeze to the downside below the 1D bottom band. This action is relatively bearish now, however I would like to see the Weekly close tomorrow to get confirmation. The 1W midband tomorrow will move to $10,000. If Bitcoin closes $200 below it and makes lower lows below $9,580 then there is a high chance of a bearish resolution and the failure of the fractal.

The only way we can see our bullish outcome back on track as seen on the fractal, would be an unexpected bart up tomorrow before the Weekly close back to at least $10,150

24 thg 9, 2019

Đóng lệnh: dừng lỗ

Officially after many months the old fractal I have used finally failed at the tip of the triangle. It has been a really good fractal till few days ago. But fractals are meant to eventually fail. Here is a screenshot of the entire fractal so you see that I did not create a fractal out of thin air and that I was actually basing my TA and setups on something real:



So lets move on and see what's next now that we broke below $9,580.

There won't be an uptrend on Bitcoin until November 2019 after it violated the 1W midband at $9,960 and broke down to $9,370. Best is to be 50% in fiat and 50% in BTC for now and watch how this Weekly candle closes.

I see two paths from here, one of the two will confirm this week:

(1) Bitcoin holds $9,370-9,050 and goes in sideways/congestion between $9,370 and $10,500s till November 2019

(2) Bitcoin breaks down in the next few days below $9,000s and goes in bottom finding to:
$8,250-7,950
$7,650-7,550 - Target of H&S
$7,200-6,900 - Monthly Midband