BTCUSD (12h): Fourth idea of a trend line (Nr. 4 of a series)

BITFINEX:BTCUSD   Bitcoin / Đô la
Bitcoin has fallen deep (most of Alts deeper), but this is no reason to panic. Like last year, it could recover quickly. Prices are going down especially before Chinese New Year. The news of the last few days has also influenced the price reduction. This is only marginally relevant for long-term development. Bitcoin is still the leading cryptocurrency. Bitcoin remains the leading currency, even though interesting solutions such as ETH or NEO are becoming stronger. And don't forget the other big Altcoins. I have adjusted my chart to my maximum possible levels. That's why numbers have changed. The Fibo 38 is now around 9,000 USD (8888 USD). If the bitcoin goes below this mark for a longer period of time, the next big support would be at Fibo 23 (6,500 USD). But it doesn't seem so likely. The bottom may be reached right now. BTC could touch the Fibo 38 one or two more times until it goes up, but that doesn't change the basic direction. We should be in a big bull flag . With that we might expect a bitcoin recovery. Don't forget. Lightning could be the Game Changer 2018. IMO Bitcoin will have an exciting year.

Possible Targets:
Resistance at around 11.100 USD
Fibo 0.62 at around 13.150 USD
Fibo 0.78 at around 16.100 USD
Fibo 1.23 at around 24.000 USD

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

See also:
Bình luận: BTCUSD (1h): situation chart. just for info. i start buying.

Bình luận: BTCUSD (12h): Situation chart. Imo bottom reached. Happy trading. Happy buying ... :-)

Bình luận: BTCUSD (12h): The TD sequential trading indicator is not bad to identify a price point. 9 is the signal. This is where we just arrived. If the situation consolidates, we can expect a reversal of the trend.

Bình luận: BTCUSD (8h): chart update. if all goes well, the next station is 11150.

Bình luận: BTCUSD (D): chart update. day view.

Bình luận: BTCUSD (8h): update chart. support line still works.

Bình luận: BTCUSD (D): update chart. if ma 200 breaks = bad. otherwise strong up possible.

Bình luận: in addition ma 200 is red step line.
Bình luận: BTCUSD (D): ma 200 not yet broken. ma = moving average. this is an absolute fundamental thing. in my chart it is the red step line. ma 200 = 200 days. btc has not fallen below this mark since 2015. if this indicator remains intact, this could trigger an upward trend.

Bình luận: BTW: News about SEC & CFTC: "...The Bottom Line: This is good news for the space and one reason I started investing in crypto currencies..." Read more:
Bình luận: BTCUSD (D): MA200 could be broken.

Bình luận: BTCUSD (D): stay strong. MA300 (5960) ahead. just for info. my upcoming charts will be more strongly based on btc, so that those who have held btc will find the coins that increase faster than btc after correction.

Bình luận: BTCUSD (D): update. bounce back. lets see how strong.

Bình luận: BTCUSD (D): update. huge volume. maybe we could see the beginning of a good pullback.

Bình luận: BTCUSD (D): update. could be more than a positive signal. yesterday we closed the day with a volume of 193K btc (bought) and 67K btc (sold). this is more than at the trend reversal (15 september 2017). we had only a few times on bitfinex with such a high volume. let's see how long this lasts.

Bình luận: BTCUSD: Next push possible...
Bình luận: BTCUSD (2h): situation chart. we still have air to the next resistance lines.

Bình luận: BTCUSD (2h): situation chart.

Bình luận: BTCUSD (4h): update situation chart.

Bình luận: BTCUSD (2h): update chart. BTC maybe broke important resistance line.

Bình luận: BTCUSD (2h): update chart. be watchful. correction (shortterm timeframe) possible.



German Bitcoin Consultant · Trading · Research · Investing

Investing in Bitcoin and Cryptocoins since 2014.
Trading experience for over thirty years.

great news !!!! :)) positive days... really good
Phản hồi
@yserius, yes indeed.
Phản hồi
Do you have any ideas on the next possible dip/resistance to buy? I didn't buy when I should have at 6000$ but had many things going on personally and was not generally confident. I know there is still a possibility of a pullback. Anyway, thanks.
Phản hồi
btcinvests noideaihave
@noideaihave, hard to say. it looks like the run will go up to about 9000.
Phản hồi
Nice info, nice info.. I'm observing your daily analysis and you are performing very well in the correction.. very nice!

Can I ask you a question?
Yo, TA guys, always say "the day closed...blabla" as in your statement "...yesterday we closed the day with a volume of 193K btc...". But if this is a 24h global market when do u consider a close time?

Thanks u so much,
Regards from Amsterdam.
Phản hồi
btcinvests BrunoDanteSampaio
@BrunoDanteSampaio, that is a good question, of course. but also easy to answer. close is important for evaluation of the time units. 15h, 1h, 1D and so on. clearly this is difficult by day. you should be aware of the time zone of the strongest market. the close is determined by the stock exchange or tv. all indicators are based on this. this is the calculation basis.
Phản hồi
@btcinvests, nice, thanks! :)
And to be a bit more stubborn: What GMT time do you use for your close?
Phản hồi
its interesting to know how many people pissed in their pants thinking this was the CRUSH an enjoyable event better than a VIRGIN her first sex-
People be brave . buy the fucking dips .... those who were pessimistic and had a negative view can kiss this sort of opportunity good buy for another 3 years or more and the next major correction will not see BTC come below 11.5K -14.5 ! MARK MY WORDS
TATTOO my words on your chest and REVIEW in FEB of 2021

@btcinvests nice chart and keep up the good work
Phản hồi
@octave7, :-)
Phản hồi
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