Giá xuống

Bitcoin Still in an Uptrend! | Short Term Resistance

COINBASE:BTCUSD   Bitcoin / Đô la
Short and long term outlook of Bitcoin:
Long term, I expect to reach top of channel and beyond.
Short-term, I expect a correction.

Short Term:
I like $9k as a support / launch pad, but we could go as low as $8k according to fractal / channel alone.

The .618 FIB line is an important line in general, but you can see it has been a big part of the price action this year.
You can also see that a recovery from bottom of the channel hit some resistance on this line, and then consolidates under the line before a breakthrough and continuation up towards top of channel.
I highlighted this fractal for you in yellow.

Long Term:
This channel dates back to January 2017.
It showcases the impressive uptrend Bitcoin has been in for over a year.
It also highlights the explosive growth it experienced in December, and the crash that followed.
I really like that the bottom was used as support in that crash, because it shows that this year-long channel is still very relevant.
It also shows that we're still in this uptrend.

I like the bottom of the channel to top of channel fractal I highlighted. Lets hope this plays out.
There's one critical resistance I don't have on here that will almost guarantee the bull run / market.

I use this channel as a guide for taking profits, buying in, and even as a stop loss (breakdown of channel).
Feel free to do the same!
Giao dịch đang hoạt động: Bitcoin graciously validating my .618 line on the 4H: Two resistance tests, and support test after breakout on the 4H.
I like using the support test as a strong indicator that travel will continue up, but volume is a little concerning. Regardless, I think our next stop is $12k

that would be great if we could see 7k zone again
Phản hồi
ecoinamist basahand
@basahand, 7k zone would be a little difficult. We'd have to reach bottom of channel before April.
Anything is possible though!
+1 Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất