amir.shahrivar.054

BTCUSD - is it different this time?!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
is it? i mean that's it? of course it looks like a bull flag but shouldn't we at least touch the historical support after this deep bear hole? so breaking out of a wedge did the trick? honestly, i don't know. this looks too easy and too good to be true.

i think the big difference is we are way overbought this time. :)

but who knows? maybe the Santa is real!
Dec 17
Comment:
wow. look those same fib timezones in weekly. i didn't replace them. just changed the timeframe. Scary stuff!
im really curious about this one's outcome.
there is no way. we have 3k as a support and i think maximum bearish target for bitcoin is 2945.
+1 Reply
amir.shahrivar.054 PooyaSalehipour
@PooyaSalehipour, i think some exchanges hit that price already, but as i checked they have a lower level for historical support. (some have 2800-2700 and some of them didn't even exist back then) so i don't think it's the case. i'm really looking forward to see 3k. the downtrend still exists, we just have a wider channel now.

thank you for your comment bro.
Reply
PooyaSalehipour amir.shahrivar.054
@amir.shahrivar.054, I usually dont like any analysis. but your idea is superB.
+1 Reply
amir.shahrivar.054 PooyaSalehipour
@PooyaSalehipour, thank you my friend. it means a lot. I'm only 3 months into TA and comments like yours, really motivate me to keep up learning.
i wish you good luck.
Reply
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