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Like2Move
Oct 4, 2017 4:36 PM

Two scenarios  Long

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Description

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If bottom at 4100+, then targets are 4360 and 4500. (Support in 4130 area.)
If lower, then after the rebound price could fall to zone _3900.

Comment

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Strong rebound from 4132 support :)
The retrace below fib 38.2 (4250) will signal a potential lower low ahead, down to 3180 area.

Comment

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*Excuse me, 4180 area.

Comment

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Returning to 4300 would mean a further fall. But that's probably not the case.

Comment

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Too deep... losing steam. Don't like it.

Comment

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It's still unclear, where it will turn :)

Comment

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Wow! Target 4500 reached.
Trend AnalysisWave Analysis
Comments
JohnBL66
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What are your thoughts on BCH. The price has been steadily sinking the past few weeks.
Like2Move
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@JohnBL66, Thank you for the question. There was an opportunity to do an analysis. The conclusions are here:
ambrosia
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Nice call!!
Like2Move
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@ambrosia, thanks, mate :)
alter.daemon
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What now? Are we going to have consolidation period? RSI is not burned yet, there is plenty of space. There is also significant decrease of shorts on BFX, shorts just downcrossed longs.
4500 is not estabilshed yet and pullback is still in action.
Like2Move
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@ALTER.daemon, New highs ahead: 5000.
fineregex
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what about this is particial rise from your green line before testing 3600?
Like2Move
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@fineregex, Fib channel green lines 0.382 and 0.618 (bigger picture)
ambrosia
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Always great analysis!
You mention a lower low but also 4180 which is higher than the 4130 low. Can you explain please?
Like2Move
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@ambrosia, I wrote about the possible return of the price to 4250 and below. Then the price would go up from 4250 a bit (say, to 2300) and then fall again lower to 4180 (zig-zag or abc pattern. The picture shows a newer situation, the critical limit is slightly below the 0.384 - yellow line).
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