SignalSwiss
Long

[BITCOIN] BULLISH SETUP UPDATES

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders!
We do not intend to take a long position with eyes closed in our setup area, but we want to see a first rebound signal, but above all we will look for some reversal patterns on smaller time frame. That said, our analysis could fail, and in this case, the pair will develop the expected bullish impulse earlier than expected (we have seen a potential reversal level). With this in mind our TARGET still remains 8,000 area, so keep following us. At the moment we keep our short position (see chart below).

BEARISH STRUCTURE COMPLETED ( BEARISH SETUP)
(click & play on chart below)

OUR LAST ANALYSIS (INTRADAY CHART)
(click & play on chart below)



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Trade with care!
Comment: nice rally!!! ;)
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Comments

Thanks for spending all the efforts to produce something that is easy to understand.
+3 Reply
I think the stock markets will collapse quite a bit over the next few weeks. There will not be enough money to support the crypto market. I expect the next big BTC drop coming before too long. YMMV. Take care.
+1 Reply
After today’s rejecton from $3,420 I’m also a bit bullish side on the short-term!
4H candle got a bullish close after that bounce - Hammer candlestick pattern - pluse some signs more:

Cheers!!
+1 Reply
2-3 months too early otherwise i agree with the idea
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Here's my idea on where Bitcoin will go in 2019 - 2020

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We're prepping for a semi-parabolic move on BTC and ETH as shown in your original idea. Playing the shorts and making small profits before the giant awakes ;) Thanks for the great TA!
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Good morning and welcome back from the long weekend. This morning (1/22) we saw a brief selloff followed by a quick reversal here in BTC. We like to look for patterns and trends, and what this price action reminds us of was the quick REJECTION of the pop up to ~$4,200 on January 8th. Seeing no follow-through, BTC went sideways for roughly 48 hours then back-filled this rally that started on January 6th.

Today we are seeing a similar chart, just flipped upside-down. On Sunday January 20th we saw a sell-off, and this morning watched an attempt at a follow-through get stopped in its tracks and reverse almost $150. This price action could be a tell for a potential back-fill in the coming days from this weekend's selloff. If this occurs, we would likely see bullish sentiment in BTC, with market participants claiming $3,600 as a major support level, and small rally into this $3,600-$4,200 range. We are still BEARISH here at BitOoda and believe rallies could be sold into, as the lows of mid-December may be revisited. Until then, we try give color on the spots in this range in which we feel traders can get in and out quickly to make short-term profits.
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BTC – curious of the secret of profitable and safe trade in 6W?https://www.
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BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture!
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