Bitcoin: Should rebound above median line else it may get worse

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
While waiting for a decent long entry. I thought it is worth sharing this idea.


for a closeup view:

SMA100 forms the top resistance, which is with time growing and becoming a mammoth target.

SMA200 holds; median line of the set pitch form i.e. 0.5 also holds and aligns with SMA200.

In coming 20hrs, SMA200 support may get retested (@8860). MACD is still entering the buying zone.

Bearish continuation until a rebound above 8860. If breached, next test will be 6k previously called as provisional bottom.
Comment: SMA200 and medial line breached. The overall bearish momentum is getting stronger. Waiting for a good entry point to go long. Perhaps, this is still hours away at least 12 to see a possible swing.
Trade closed: target reached: Confirmed SMA200 supports plus Nov 21 severs as a support level at 8242 for next weeks.
Is my previous work link
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
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