Turbulent times to sail the BTC ships // The Wait of a Sniper for the Correct Opportunity

The target and stop are just outside the 7724-8838 backet..
If 8838 is breached much upper, then not only breaks the downtrendline will break but also invalidates the cypher , so a tight stop above that ..
The Rsi bearish divergence confirms the present B point reversal....

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Chart break down..
WE are at..

1.Fibonacci S2 support
2. Falling wedge
3.Entered the PRZ(potential reversal zone) of the Bullish BAT
4.Constantly being rejected by the ichimoku kumo and the resistance doowntrendline
5.Touch n bounce from the median like of the pitchfork

Indications for a likely uptrend uptrend
1. Bullish bat formation with price in the PRZ
2. Bullish divergence in the daily chart
3.Price magnet theory of the pitchfork , where the median line touch to reflect the price to the outer median line of the pitchfork

Points of confirmation of reversal up..
1. Bullish divergence? 2.PRZ breakout? 3. Falling wedge breakout? 4.Any other breakout patterns which may form? 5.Breakout to be confirmed by High volumes and persistent 0.65% Change in Momentum Direction of On balance Volume 6.Breakout of the Ichimoku Kumo from the prz

Points for failure of structure..
1.BAT PRZ limit broken with confirmed break pattern with volumes
2. Falling wedge continues beyond the Median line of the Pitchfork
3.Price magnet/Price failure theory of pitchforks
5.The weekly S2 support broken
6. Persistent 0.65% resistance from the Red Kumo even in the PRZ and beyond

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Price bitcoin:
March 2010: $ 0.003
March 2011: $ 1
March 2012: $ 5
March 2013: $ 80
March 2014: $ 600
March 2015: $ 250
March 2016: $ 400
March 2017: $ 950
March 2018: $ 8,500

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Disclaimer...Not an investing/trading advice....

The analysis made on