BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Said I would be gone for a couple of weeks, but decided against it as I am already way ahead of my other commitments and some wonderful comments from the TradingView community! :-). Good to be back and I've missed posting even though it's only been a few days!

Bitcoin pretty much perfectly following my previous analysis (So far) so I want to make a new one to continue riffing off the ideas of said analysis. It seems Bitcoin will conform to the previous plan and keep going along with it. There is however something we must pay attention to, and that is the recent price action... Price recently made a low at 6130, which is TECHNICALLY within the support bottom and could count as a bounce. So for now we have a predicament of sorts, and that is, has the bounce even happened yet? Or must we get lower and hit the lower support zone levels between 6000 and 5850 first before anything else happens? That's the question now and one we must figure out before entering the trade or we'll get in too early and get stopped.

Well I'll just answer from a common sense standpoint. If you look at the last 4 days price action, you can see a doji/inverted hammer type candle, followed by a green candle closing as a morning star signal, followed by multiple dojis. This could either be indecision picking up momentum for a strong move up or the doji's could show fading momentum. Best way to avoid getting stung by this is zoom into lower time frame, get your fibonacci retracements out and see how price reacts at key hidden levels. Situations like the above are hard for traders as many retail ones generally want to jump in due to impulse/rushing in to the trade. Just be patient, stop caring, be more robotic and follow logic. If price negates 6170, it's going down.

Where do YOU think price is heading? Leave a comment below with a chart and let's share our thoughts!

Please leave a LIKE and FOLLOW. I'd really appreciate it.

Thank you for your support.
Comment: A nice move up before hitting the bottom as predicted in my list of scenarios. If you zoomed into a smaller time frame and saw a reversal, you would have caught the up move easily. This trade is going EXACTLY AS PREDICTED! :-)

Please leave a LIKE. I’d really appreciate it. :-)

Thank you for your support.
Comment: Guys a nice movement, one that should be watched for a nice long position. Don’t buy on impulse!

Please leave a LIKE. I’d really appreciate it.

Thank you for your support.

Above 300 likes and I’ll be posting a new analysis today! <3
update please : 300 like ok
Let me say one thing. There are few type of traders. Bears, Bulls and sheeps. This is the end of little mini bull bounce. Bears are coming back next week. And as usual sheeps will get slaughtered as you know. 6600-6700 max where BTC will climb. And donw we go.
maced maced
@mariusmuziks, ups, just on my words
Impressive @TomProTrader, here's quick analysis from me

+1 Reply
TomProTrader CryptoManiac101
@CryptoManiac101, thanks for sharing.
maced CryptoManiac101
@CryptoManiac101, Have you considered to became an artist insted of analyst?
+4 Reply
TomProTrader arif_awan
@arif_awan, thank you for sharing.
Can someone help a newb? I noticed a green ichimoku cloud forming on the 30 and 1 hour charts. The way i see it, is that we are safe until our next resistance at around 6800. Can someone take a look and give me their thoughts? PLS
+1 Reply
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