xuanhaimmoer

Bitcoin - Target A or B ? Discussing !!!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, welcome back to XUANHAIMMOER’s analysis - update about Bitcoin right now

After several days being in sideway market, we just break down support line, this is very important signal for us can predict next action.

We have higher high (HH ) and higher low (HL) in last period time, but in recent time when we break down support of bullish trend , we have lower high (LH) and lower low (LL).

We also have pull back to re-test the supply and demand in break down zone, after that we keep break down support line and falling. Now we have target A and target B for short term.

What do you expect ? A OR B ? Comment in below this post for discuss and explain for exchange idea.

Good luck !
Mar 04
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Mar 04
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Mar 04
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Mar 04
Comment: ETHUSD also have same predict
Mar 04
Comment: XRPUSD
This quick recovery simply adds more to the volatility power since the monthly chart entered a consolidation phase. But. See the RSI and MACD at 2015 and compare it with today's readings. Bitcoin is still on the best long term buy levels.

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corect answer was "C"
+5 Reply
Thanks a ton for your contribution. Check my post on how I see my EW count taking BTC to wave 3, our potential retrace to 786 fibonacci before that and then maybe a final move near $4800:
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I thought Bitcoin was going to $200,000 :)
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What's this "Discussing!!!" shit in the headline? I feel reminded of DLavrov and his latest style... Seems to be a new fad, the content-empty TV authors vie for the favor of the readers and their "Likes".
+3 Reply
Currently, we could be on the bounce area, definitely not a big bounce because everything is on the slow motion but it looks like a pretty strong support area and the market structure is still bullish:

All the best!
+2 Reply
One more leg up before 3500
+2 Reply
Thanks amigo, i think trade sideways for some days then we fall to target b
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I think we will see target B. Im using my private alco trading system
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