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TomProTrader
2 Th04 2018 08:15

BTC/USD - Short Term Buy Opportunity 

BITFINEX:BTCUSD120
Bitcoin / DollarBitfinex

Mô tả

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What's up traders,

Bitcoin has been tumbling. Bitcoin is very weak lately and has broken down harder than I believe a lot of people realized. So be nimble with your trades.

Moving on, let's analyze a new possible buy opportunity on Bitcoin on the 1 hour chart!

Bitcoin has began a short term recovery move today, moving up a clean 640 points (at the time of writing) and is now approaching a key horizontal resistance level at 7210. If price breaks above this level, it will begin a new up move which could see price go as high as 7840 in the short term, which would negate almost the entire crash down move we've experienced in recent days.

Bare in mind that a retest on the side-wards resistance turned support at 6810 is a high possibility before hitting the resistance zone above.

Bare in mind that this is SHORT TERM. This idea is NOT valid unless we break the 7210 level and test the old resistance as support.

I will update this analysis when I receive above 40 likes.

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This analysis going exactly as planned. Well done to anyone who followed my analysis and got the move right with me once again!

Glad to be everyones one stop shop for CryptoCurrency analysis. :-)

Like & follow for more accurate CryptoCurrency analysis.

tradingview.com/chart/QZ8tUrGE/

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Trend AnalysisChart PatternsWave AnalysistomprotradermentoringtelegramfxCryptocurrencyBitcoin (Cryptocurrency)altcoinForex
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samiswilf
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Incorrect, as usual. We're going down.
TomProTrader
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@samiswilf, Let's all try to grasp basic English here. As quoted from above (Which you would have seen if you actually read before speaking)

"Bare in mind that this is SHORT TERM. This idea is NOT valid unless we break the 7210 level and test the old resistance as support."

Its been a pleasure.
samiswilf
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@TomProTrader, I was looking at wear your have your arrows pointing. The price did not move accordingly. Therefore, you're incorrect.
samiswilf
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*where
stellarbruh
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@samiswilf, that's not what that means, read the text..
TomProTrader
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@stellarbruh, Ignore her. She is just inflating ego now because she clearly realized she failed to read basic English.

Some people will trade and make money, some will text type nonsense when their Crypto portfolio is losing thousands. :-)

TomProTrader
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@samiswilf, No, the arrows is one scenario, the other is written to avoid a cluttered chart.

Read before typing :-)
SAfferDonkey
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@samiswilf, you said?
SAfferDonkey
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@samiswilf, you said....
TomProTrader
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@samiswilf, I was right as well. That's even more embarrassing. :-)
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