Bitcoin correction done

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is not the first time that Bitcoin retests it upward trendline (in red) and respects it. I Believe that from now we could see a further growth of bitcoin . It is possible that if we break the uptrendline we could see a further downside somewhere around $8.000 There will be a strong support if that happens. But I am bullish again on the Bitcoin from now.

Target (fibonacci) is around $24.000.

Fingers crossed that manipulation due news is done and everybody is on board and ready for a new ride up. I think after today we have confirmation if the trendline still will be respected and we take positions.
Comment: So we broke the trendline. The area wich is talked a lot about is now reached. The $8500/$8000 area. As we take a god look to the past we see there was a resistance in this area and so a big demand area. Good possibility we will see $7500,- now since this pair is a affected and traded by a lot of emotional traders. From there I think we may have seen the new low for now. But we will still wait for confirmation and a solid support before entering!
Comment: Good reaction by the $8000,- support! Big volume. This could be the turning point, bulls let's take control!
Trade active
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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