cantestogo

GOOD POSSIBILITIES FOR A REVERSAL

BITFINEX:BTCUSD   Bitcoin / Dollar
296 7 5
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
ChartArt
2 years ago
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 ;-)
This could be the end of Bitcoin

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cantestogo ChartArt
2 years ago
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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cantestogo
2 years ago
An observation from daily point of view
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cantestogo
2 years ago
And this is Huobi point of view on 4h chart
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cantestogo
2 years ago
Update on daily chart
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cantestogo
2 years ago
And up it was
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cantestogo
2 years ago
Incredible, my daily chart target is going to be reached in a single day
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