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TheAnonymousBanker
Feb 5, 2018 7:38 PM

[BTCUSD] POTENTIAL REBOUND AREA... Long

Bitcoin / U.S. dollarBitstamp

Description

Do not take the levels for your trade plan, look for a reversal pattern before taking long position. If a bullish pattern does not appear, do not take a position.

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Thank you for support and trade with care!

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Today's session remains very interesting, from the technical point of view the candle in formation could give us a first signal, monitor the closing today on potential Hammer (reversal pattern) in development

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If there are conditions, we will publish some updates on intraday charts later ...

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Trade closed: target reached

REBOUND TARGET (SWING)

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rebound continuation?

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stil bullish...

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Trade closed: target reached

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Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +1.61% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer..."

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Comments
AshishSikka
will you let us know if the bullish pattern arrives please ..
Juacoron
i hope you were right and go towards 11k.
TheAnonymousBanker
we will post some updates on intraday charts.. ;)
MuMPiTz
@SignalSwiss, ty
hiwithme1234
@SignalSwiss, come on!!!
Scrambler06
Hi, can you please explain your last updates, you expect a top around 10-11k then a bottom around 4k ? thanks in advance
Zouzz
Are we going to test 7k, 6k anymore, or are we going up from here?
Natetoup
Why the crash is happening is because
India has set a ban against crypto. They went cashless to decrease illegal transactions.
China has banned foreign exchanges.
South Korea has implemented taxation compliance with all exchanges.
Japan is investigating all exchanges after Coincheck Hack.
Tether looks like manipulation.
Volume is gone.
Whales are worried.
We need global decentralized exchanges to eliminate FUD
Stock Market drop may bring Bull run back to crypto.
FUD is real.
Scaremaze
@Natetoup, agree with everything but volume. Volume exploded on the support zone. Cash on the sidelines.
powderpc
@Natetoup, globalized decentralized exchanges won't do anything unless they punish cheaters. A globalized decentralized exchange that disincentivizes collusion and price manipulation tactics will be great. That will be the saving grace of crypto. Until then we're all somewhat incentivized to cheat/collude until we all destroy ourselves, just like in other previous scenarios like the financial bubble.

Crypto holds great promise, but there needs to be some recognition that the current path is bad. See for example the IEX exchange, that realized that HFTs were driving dangerous instabiltiy in financial markets that could lead to self-destruction over the long term. Now their model is being followed by others.
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