Pansyfaust
Long

Simple TA on the Weekly Bitcoin outcome

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
To me the outlook is bullish on the weekly. We have been hanging around the 390 zone for a while, which acted as large support zone back in 2014, with multiple tests of support and eventual breakdown.

We've broken out this zone on the weekly, with a new candle tomorrow, which if it closes nice a solid, should mean we have a nice launch pad for $550-600 as the next "big short". I also think the lagging line poking above the Bearish Senkou Kumo cloud, which feeds into my bullish outlook.

After that I feel the 550-600 zone can be a good short, but if momentum has picked up, we might get to 700.
Near 700 :)
Reply
Seems we're still on the way up :)
Reply
if we get an overshoot blowoff top...then taking out 685 could happen. i'm thinking 700 is very possible before pullback.
Reply
Pansyfaust coinwatcher
It really does depend on the next weekly candle. We closed well above the 390 this week, and if we only retrace $20 from a $60 candle, then I'm still quite hopeful. It will really just depend on the next weekly candle for confirmation that we'll stay above $440-450. Breaking down below 410 would make me jittery for more up.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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