BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In my last idea, I came across as rather bearish , although I thought I would note that it is not quite time to sell yet by zooming in to a shorter time frame. I think we are trading in a very short range right now, and no clear trend has developed over the last two weeks with either lower lows or higher highs, which can be frustrating. However, I think things are beginning to come to a head here, and if the market reverses and breaks out of this channel, we may think about becoming bullish again.

As I noted, there is a bullish moon coming up, so take that for what it's worth. Overall, though $395 still acts as hard resistance and $360 acts as hard support.

BTC             donations:

u forgot to draw another downtrend: top is 475 to 387 and passes exactly by the last top of 377.
Miracles do happen...
sammantic ChartArt
ChartArt are you bearish? This still can break either way. Look at those Bollingers, so tight.
sammantic sammantic
I wouldnt feel comfortable putting on a trade here long or short.
ChartArt sammantic
It's hard to say. I didn't expected that all the scalpers buy back the logical low at the important Fibonacci / trend line area. I'm still bearish. But with this perfect bottom price in place it could also go up based on my own chart:

+1 Reply
ChartArt sammantic
But then there is also this more important long term chart I made using long term pivot points. If the bids are exciting this could have been the last low to buy low. Otherwise it's really the start of a new multi-week / several month downtrend:

ChartArt sammantic
At least we are above a 50% Fibonacci retracement - aka my pink line - which could support the bulls:

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out