Technician

#Bitcoin Attempting a Breakout(2)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2488 10 51
No upside breakout yet. If we break higher we will probably see more upside(Check previous idea). Alternatively, If we move lower and break the short term rising trend line , i will be looking for a possible retest of the triangle bottom.

Would you like to see a daily technical forecast for BTC/USD? So far the numbers are not enough, i will extend the poll for another 24 hours. Kindly Vote here http://bit.ly/1QpMldf

Best regards,
Technician
https://thefxchannel.com
Yes, I would like that as well. Thanks!
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For a long time did not see the BTC view, very much looking forward to
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Hello, It looks like its jumping inside the triangle.
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Please do - curious what other people, which are further away from Bitcoin, think about current situation. Thank you.
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I like your analyses and would enjoy seeing more. Thanks!
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actually Bitcoin will break out before end of March, in the meantime it will stay in sideways for several weeks. We will not go lower than $405-410 if it gets to that, we have a lot of support down there.
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dangolbery BitcoinGuru
This. No one is going to sell here. If you short, what's your exit... 410 to be safe? Not worth the risk.

We go side ways until a break out. Won't be a big break out either (around 465) but it will break up.
+1 Reply
BitcoinGuru dangolbery
yes, look how slow and controlled that dump is so far. that 4H RSI will oversell quickly i think if were lucky we will see 410-415 but i highly highly doubt lower. Maybe Bitfinex could wick to 405 but thats about it. Definitely close you short at 413 imo, if you see were not going lower than close 415. i dont think it worths to wait or take the risk. If you follow my published charts on TV you can see my latest update calls for sideways for 1 month between $445-410

snapshot
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would def like a daily BTC/USD TA forecast. thank you.
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I would absolutley love that !
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