BTCUSD. Return to the main channels?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In my last idea, Btc, was going down until the beginning of March, a few days later we witnessed another fall that broke the supports as if they were paper.

In this chart, I will try to clarify.


Ok, I'm not sad because in all my main ideas I became btc short.


1) 2 main channels have accompanied us since the middle of 2017. The red one and the highest one in blue.

2) From the end of November 2017 btc broke with extreme force the blue channel going up more and more.

3) Currently btc has returned to the main channel, the red one.

4) I put 2 fibonacci. The main one in black, and the colored one is an extension of it.

From these 4 points, I say my opinion:

- Now btc could retest the red channel, which is a dynamic resistance. If it goes down, it will go into the $ 5400 area (note that in this area there are old supports and a level of fibonacci 0.5! ).

- Otherwise, BTC may rise momentarily to touch fibo 0.786, or stop at the resistance (orange line).

- If BTC falls into the blue channel, before going all-in long I would personally expect mid-March.

I suggest you to understand the big picture, to see also my other 2 main ideas that I have linked below!
Trade active:

Price closed lower than Yesterday, and 7.85k is now new resistance.
In the coming days we need a bullish boost.
Trade active: We have arrived near the last dynamic resistance (orange line), which in the 4h graph has surpassed and has gone up to touch the level of fibonacci.
Currently btc is nailed to a very important area.

If BTC exceeds the fibonacci level, in the next hours / days, I expect it to reach the $ 12500 zone, near the upper blue channel.

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