Bitcoin Analysis - Target $6,100-$6250

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi traders,

Bullish corrective wave is on the way - heading to $6,100-$6250.

Best of luck,
Comment: Breakout @ $5750 would be great!
Comment: Breakout :)!https://www.
Comment: UPDATE:
Trade closed: stop reached
All charts posted are for educational purposes only - I don't sell signals or give any courses. Enjoy :)!
yes you're wrong again
Well i'm so glad I didn't listen to your idea in the end
@martin757, I totally understand where this is coming from. People/traders only like to see 100% working ideas, but this doesn't really happen in technical and market analysis - plus analyzing the market is one thing and trading the markets is entirely another master. Have a great day @martin757 :)!
Countertrade the bears:

Thanks for sharing. We think we won't fall lower. One of the most important factors of the BTC’s network is its sustainability. How is it achieved?
Through miners. Why do they mine? Some of them just for fun but the vast majority because they earn money this way. When do they earn money? To make the story short – when their costs are lower than their income. What is the major cost of their operational activity? Electricity. Read more in our analysis.
Thank you for you work!
In today's (November 16) video analysis (see updates below), I discuss:
BTC analysis for daily chart:
We are printing a red 9 on the TD with no signs of reversal just yet. The hammer would have been bullish if we start climbing at least $100-200 in price. For now, it looks more bearish.

Weekly analysis:
The weekly candle closes in 3 days and we are fast approaching a close below the $5500 order block. If this happens then the prediction of the next OB will come true fast: $3000-$4800.
Interesting chart but what do you make of this Channel Down on 1D?

Thanks a ton for your work!

I've done some post-mortem of the break down in my analysis | Talked about what's next? | Included a free trade + Many updates:
I agree, but to my mind we will go down then
@Rombit, Yes, this is why I have stated its a corrective wave (bullish). Thank you for sharing your thoughts :)
+1 Reply
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