Giá lên

Bitcoin Could Have Reached The Bottom

COINBASE:BTCUSD   Bitcoin / Đô la
It seems that Bitcoin has finally found the bottom after losing 62% from the all-time high. Fibonacci applied to the breakout of the ascending channel shows that price has reached the final downside target at 0% Fibs at $7555 and rejected it cleanly.

In addition, Fibonacci applied to the corrective wave up after breaking the uptrend trendline shows that the very same price level is at 561.8% retracement. Today Bitcoin rejected the lower trendline of the descending channel , not to mention that on a Daily chart price is rejecting the 200 Moving Average.

And finally, price rejected the 2/1 Gann Fann trendline has acted as a support. Therefore, all the facts so far are in favor of the potential uptrend continuation and pointing out to the end of the correction. 
Bình luận: BTC at the gunn fan trendline, acting as support
Bình luận: If it breaks below the 5.9k this scenario could take place
Hi, it is seen that in the last 4 hours green candles, the high and low levels are reached higher, a soft and slow ascending line that goes up to 7k. I understand that it is premature to define a trend that looks better now. I ask what indicator we could monitor to verify if the ascending route begins. Me, I'm out. Until I have confirmation, I do not enter. Passing 7.4k would be a good sign? It coincides with EMA 100 of 30 min and EMA 50 of 60 min. and from there towards 8k. tks
Phản hồi
dude, accept it, you and your analysis are far away from reality.. either you do your work bad the whole TA is a magician ball
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@uox, :) please if you want to accept it, then do, I don't need an advice, many thanks
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uox HiTech
@HiTech, it is kinda not an advise and for sure not for you but for those who in the very beginning of their path.. i'm sure you understand.
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@uox, of course, i appreciate your comments and feedback, people need to see the picture from all angles
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I think you are right! I will buy now at this 6800...
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HiTech Alexander_Nikitin
@Alexander_Nikitin, I see little to no chance of this happening... but lets see
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@HiTech, classic chart patterns have higher probability to work than to fail...
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When will we know its not a dead bounce?
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