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Long

[BTCUSD] POTENTIAL REBOUND ABOVE 8.300

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As we said in the previous analysis, breakout resistancce could trigger a potential rebound, let's see ..
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Trade active:
Comment:
Comment: A potential breakout could trigger a rebound continuation.

Comment:
Comment:
Trade closed: stop reached: invalidation.

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Commence phase "death & destruction"... lol
+1 Reply
Bitcoin broke down the bear flag and could target 6600 short term, but I agree on your rebound target; there's still some hope left it might bounce around 8350 where my Jan/Feb descending channel meets last weeks low:

+2 Reply
you are correct. New support line is created around 8900-9000 which is now testing to break 9200-9300 level. If it stays at this level it will further test 9500. However, 9800 will be the biggest test in coming few days. If it fails it will fall back to 8800 or further below again.
+2 Reply
you are correct. New support line is created around 8900-9000 which is now testing to break 9200-9300 level. If it stays at this level it will further test 9500. However, 9800 will be the biggest test in coming few days. If it fails it will fall back to 8800 or further below again.
Reply
According to my found JOES-fractal, we are going down to 6K maybe even 4K.
After that, a new fractal: but what will it bring us? Following the second february-fractal? which means down to 1300K in the end??
Or does it start a bull, a fractal right up?
Difficult to say.
Check my charts for the JOES-fractal
+1 Reply


We are heading down at least for the short term
+3 Reply
pure speculation
+2 Reply
@mbc47, this is "" Trading"!
+1 Reply
What do u think about that
+5 Reply
@fayyad, need more lines
+3 Reply
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