BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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19
Hello Traders,

- monthly close is a strong resistance
- 21 week ema was not touched this bull cycle
- 200 day ma huge support
- triangle (bottom) from years = huge support
- triangle (top) from last ath = huge ressistance

I think the next months, bitcoin will jump a little in these range.
Great trading opportunities for short and mid term!

Long term, i´am really bullish in bitcoin!

Wish you all good luck.
Tell me, what do you think about the next 6 months.
Comment: Strong support action at 9,500 USD in the last weeks.
If it will break, we could retest 8,700 USD.

At this moment 10,000 USD is a big support too.
If it will hold, we never see 4-digit values in my opinion.
Comment: 40% drop reached!
21 week ema touched!

Let´s see how this week will end :)
Comment: Yesterday was another test of blue (dotted) resistance line
I think next time, we will surpass!
( could take at least 2-3 weeks, but maybe even 2-3 months )
Comment: Touch on the downside, acted as support until now.
Nice potential local bottom.

Everyone is fearful, iám starting to get greedy!
Comment: Near at top triangle resistance.
Let's wait and see if bitcoin gets rejected, or will move straight up!
Comment: Price is currently under multi year trendline (blue dotted).
Big trouble or fakeout und best time to buy...

We will know in a few weeks from now!

Comments

Well done.......I am impressed!
Reply
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