BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone,

This is my first BTC USD post, so I will welcome all friends, haters, and everyone however you want to be called.

Lets get started.

Looking at 1 day charts, we can clearly see, that from 2015 to march 2017 BTC was following a symmetrical way UP, but something happens in march and it has changed it's way to go sharper up. But that's not a point, the point is if we will follow symmetrical line from march 2017, it will show us that recent situation is followed correction to this line ~8100 USD which should be our support, but that can be not the end of the correction (as you can see, there is bearish line on the chart, showing us that we need to cross 9400 USD by 4 of April to confirm that and close above it). IF we won't that will make me think, that the correction will continue to the symmetrical line from 2015 which will take us as low as (3000-3500 USD) !! Yes that's right, so watch closely in the next 3 weeks for confirmation!!

This is another idea, if we will fall below 8000!

Thank you for reading, feel free to leave your feedback .

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Mar 09
Comment: The other scenario can be that we will be in process of generating H&S pattern over correction to symmetrical line from 2015. Look below !
Mar 09
Comment: So as we can see, BTC went up a bit... but be careful as this can be a bull-trap, to make sure that BTC change it's way from Bearish to Bullish we will have to close on 4h above 9600 USD. If we won't we will retest 8300 !
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