cantestogo

GOOD POSSIBILITIES FOR A REVERSAL

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Looking at previous hight (414 level) we have retraced more than 0.61 and there are good possibilities to reach even the 0,764 fib line. Meanwhile standing at MACD signal line it seems that selling pressure is losing strenght. So in my opinion we can have a look for a possible reversal with a double bottom pattern with an higher low.
Good luck for your trading
Incredible, my daily chart target is going to be reached in a single day
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And up it was
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Update on daily chart
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And this is Huobi point of view on 4h chart
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An observation from daily point of view
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Yes, we might be very close to a reversal in this area which you drew. It's only about one more leg down to test $300 once again or maybe even building up from the last $315 low without testing $300 again.

P.S. In case you hadn't seen my bullish chart ;-)
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cantestogo ChartArt
Thanks. yes i've seen it, very particular with the circle!
On normal condition i'd sayd it's a good bullish setup to take into consideration, but this market is becoming very manipulated from the whales, walls and fake volume on many exchanges
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