Bitcoin bears exhausted - Reversal will come

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello guys, bitcoin made a sharp bear move the last time. As you can see in my chart it is trading in a channel and wedge formation.
We will see an up-move soon to the area seen in my chart, at the psychological level 9900 - 10.000 USD.
Bitcoin touched exactly the lower line of the wedge and channel.
Strong support is at 8000 - 8100 USD.
RSI: Oversold
Stochastic: Oversold
Target: 9800 - 9900
Information provided is only educational and should not be used to take action in markets.
Trade active
Comment: Low momentum on the daily showing reversal signs
Comment: People taking monthly or weekly charts to discuss price action... in trading, you have to take smaller time frames to have the right accuracy.
Comment: We see good volume and price action
BTC touched exactly my support line
Comment: "The sun shines in vain for everyone."
Comment: The information provided is for educational purposes only and should not be used to take action in markets.
✔ Telegram:

✔ Instagram:

✔ Twitter:

✔ Join The Elite: @Vince_Prince

✔ "The key to success is to focus on goals, not obstacles."


All of my lines tell me that $7000 by next week is more likely.
+2 Reply
VincePrince TelecomTycoon
@TelecomTycoon, How do your "lines" tell you that?!

Alright, we came close towards that first resistance in what appears to be an ABC zigzag (Wave 4). Was this it? Or is this part of a complex correction? Yes!

I think that we will recover during the coming days.

> Pattern looks done
> Hourly bullish divergence

Targets? Short-term

> $7500
> $7150

This was a complex correction in the bearish trend. It's done now.

Buy the Dip!

See you at range! Take Profit in

$7500 - $7100


We go TOGETHER! Together we are STRONGER!

Good luck!

God bless!
+2 Reply
@ferGOD, Alrigth!
ferGOD VincePrince
+1 Reply
@ferGOD, Thanks for sharing, was this successful?
1hr im seeing a bearish pennant in a daily big channel
+2 Reply
@Velasco, Thanks for sharing! How did your set up go by?
alimannn alimannn
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out