Greetings traders! I want to present you my BTCUSD analysis which is based in the current trend line. If Bitcoin price keeps following the super-agressive traders tendency line, we can wait bitcoin price to reach the $20.000 target by December 19. Even though tendency line suggests a price increment, I would like to stay neutral about my recommendation since most of the times is very difficult to predict bitcoin price movements using technical analysis.
Personally, I think there's going to be a bitcoin price retracement near 15.700 before any upward movement, however, everything can happen, specially with BTCUSD.
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Big drop in BTCUSD. Bouncing at 15100? Or it will keep continue going down?
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Moving to $20.000 target!
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Channel working perfectly! Possible retracement in next hours :)
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BTC is about to reach the $20.000 target, dont wait for a retracement!
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BTC Testing trend line. Next move $20,000?
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BTC testing again Trend Line. Will it go down?
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BTC broke 200MA important resistance. It tried to recover but failed in its attempt. Waiting for more info before publish new idea
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Bitcoin testing top of agressive traders channel. Possible breakout !
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BIG drop in BTC!!!
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BTC price reaches height of the H&S, time to recover?
Hi - yes, this could be what happens. I still think it falls to 15k on Bitfinex (which is like $14,700 on Bitstamp). That's where my neckline is drawn. Yours is showing 15,600 (Bitstamp). I don't use Bitstamp as a reference because their prices are like $300 lower than the reference (Bitfinex). 10-day VWAP determines reference for each coin (where it has the most 10 day ave. volume). I use Bitfinex as the reference for BTC and ETH. I don't count GDAX cause GDAX is wack! overpriced everything!
Juanchobanano
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@josephtse, Thanks for your comment! :) Next time I'll use Bitfinex as bitcoins price reference :)
enchanter41
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Absoluty it will hit 20.000 after that it will decline i think.
stelakis
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@enchanter41, may I suggest a simple book on technical analysis: "Alexander Elder: Trading for a living."
enchanter41
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@stelakis, Thanks i will read if i had some time :)
josephtse
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Bitstamp's prices are usually about 1000 points lower than Bittrex/Coinbase? Fell thru your lower channel right?