BTCUSD (12h): Third trend line idea (Nr. 3) > 23800 USD

BITFINEX:BTCUSD   Bitcoin / Đô la
Let us look at the situation a year ago. We see almost a similar situation. BTC went down from Fibo 1 to Fibo 0.38 at that time. The market recovered quickly and the share price was then at the beginning of March at Fibo 1.23. This is also related to Chineese New Year. If we compare the situation, the market was much more sceptical about Bitcoin a year ago. Don't forget that. And today: Bitcoin launched a new technology. Lightning could be the 2018 Game Changer.

Even if many see a further correction, an longterm upward trend could already start now. That's why I re-entered at ~10,000 USD yesterday. Always with the certainty of quickly dropping out in case of a possible correction. Currently, the forecast is still vague, but possible.

Possible Targets:
Resistance at 14.900 USD
Fibo 0.78 at 16.400 USD
Fibo 1.23 at 23.800 USD

Let's see what happens. Happy trading. :-)

See also:
Bình luận: BTCUSD (15min): update and close up: ishs possible.

Bình luận: BTCUSD (15min): update - little shortterm correction possible. rising wedge. if restistance breaks more up also possible.

Bình luận: BTCUSD (15min): update - support broke. be careful ...

Bình luận: BTCUSD (15min): update - strong resistance line touched. could be the start of the second correction wave. just for info... i took profit. watching now what happens to re-enter.

Bình luận: BTCUSD (30min): update - current situation ...

Bình luận: BTCUSD (30min): update - current short term situation ... trend could be still more down.

Bình luận: BTCUSD (4h): update - way down to the next support line open.

Bình luận: BTCUSD (15min): update - be watchful. rising wedge at 15min chart. low volume.

Bình luận: BTCUSD (30min): update - we saw 10371. be further watchful. resistance is near. more down still possible.

Bình luận: BTCUSD (1h): update - situation chart

Bình luận: BTCUSD (15min): current situation chart

Bình luận: BTCUSD (15min): update ... still in turbulent water

Bình luận: BTCUSD (1h): update - possible up to the resistance. lets see.

Bình luận: BTCUSD (2h): update - shortterm trend channel could still work.

Bình luận: BTCUSD (2h): update - shortterm trend channel still works.

Bình luận: BTCUSD (1h): update - situation chart. btc at the support line. if it breaks, more down possible.

Bình luận: BTCUSD (1h): update - situation looks not bad. btc passed important resistance line. more up possible. trendline in the masterchart above works.

Bình luận: BTCUSD (12h): 12h view in addition

Bình luận: BTCUSD (1h): situation chart ...

Bình luận: BTCUSD (1h): situation chart ... btc touched the support line exactly. if the line is strong enough, we could see a pullback.

Bình luận: BTCUSD (1h): update chart ... the situation has not yet been cleared, but the main resistance line has still kept up. in principle a slightly positive sign.

Bình luận: in addition... sorry. a mistyping. not "resistance line", of course supportline. the purple one.
Bình luận: in addition 12 h view...

Bình luận: BTCUSD (30min): situation chart ...

Bình luận: next chart of the series here:



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Thx for following A N D thx for helping.

Even thought I have been posting so many chart about BTC since Dec 6th 2017, I did advise you about the latest fall. on Jan 27th.

Phản hồi
What relevance is the Chinese new year? Thanks
Phản hồi
btcinvests noideaihave
@noideaihave, about 15-20 days before the chinese new year the price went down in the last years. chinese sell to get money maybe for holidays, gifts and so on. you can google that.
Phản hồi
Hi. The breakout was not large or is not critical?
Phản hồi
@legi4, breakout? oh, sorry!!!! of course i mean the main support line. it is the purple one. next support at 9300 (the black one). thx for your question.
Phản hồi
legi4 btcinvests
Thanks understand.Online translator :(
Phản hồi
@legi4, no translator. the translator would be better. I just wrote it wrong. :-)
Phản hồi
legi4 btcinvests
@btcinvests, Yes I just wrote it wrong.
Phản hồi
Dear btcinvests, what's your view on linear charts vs log? I can't seem to figure out on which chart my trend lines are valid.
Phản hồi
@jobs23, i mainly analyse in linear charts only. log charts are suitable for very long periods of time. with the interpretation of log charts i am a bit more cautious.
Phản hồi
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