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ARESABI
Nov 10, 2019 12:37 PM

BITCOIN - Short-Term Observation (Repeating Pattern) Long

Bitcoin / U.S. dollarBitstamp

Description

Hello my friends! I've made an interesting observation on the 4 hours time-frame of Bitcoin (BTC).
According to my idea, we might see a move to the 9150.00 area in the next hours.
The yellow boxes highlight the volatility in a period from sunday to monday. The price moves from a swing low to a previous high (dotted lines).
This works out on a weekly basis.
Our buy-setup is confirmed by a bullish cross on the MACD and yesterdays oversold condition on the RSI.

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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only

Trade closed: target reached

fairly easy

Comment

join our free Discord Channel: discord.gg/4KEkZA

Comment

We will see some more bullish movement. I will update this chart soon!
Comments
mbc47
Amazing call!
CSCduarte
so it means we can drop to 7k again? thanks
CryptoGodsM
Awesome Discord channel, make sure to check it out guys!
Yuriy_Bishko
nice chart!
ARESABI
@Yuriy_Bishko, thank you Yuriy!
langhniparas
update please ?
Patrikas10
On point with that btc call. I'll follow your work my friend, best of luck in coming trades!
ARESABI
@Patrikas10, thank you my friend. i hope you catched some of the last trades
Anpu
Interesting setup!
This is my idea about how current situation on BTC looks like.
Would be great to hear your thoughts
ARESABI
@Anpu, i'm a big fan of your charts. thanks for sharing!
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