rakeshm90
Short

BTC correction to $3800

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The correction should take place now and BTC should test $3800. Bearish divergence on the 4h chart.
Comment: well, target almost reached but that speed that it achieved it with makes me thing we may dump further. I'll look into it. but bulls need to hold $3700 if the want to make that big inverse head and shoulder into reality.
Comment: $3661 needs to hold or the inverse H&S is invalidated.
Comment: The inverse H&S is very much still into play. Bitcoin’s inverse H&S doesn’t look perfect but the total market cap chart shows a better pattern. If we trade between the blue lines for couple of days or weeks then a powerful move upwards toward $5600 is very very possible. Like 85% I’d say now.

Comment: Looks like $3660-$3730 is a support area and should hold. We should see consolidation above or in this area for a few days before going back up.
Comment: Price Range is getting tighter, volume is steady, big move may come up soon. However I doubt it will happen in this daily candle so we might have to wait for the next daily candle. For the moment I see a inverse bart move on low volume so we should be going up. $3661-3730 keeps providing support.
As I said above bulls need to hold $3661. Price flash crashed to $3670 and then swiftly recovered. Safe to say that support held. I think this dump has now reached its target and we should see a temporary recovery.
Reply
Just started following you...great call!
+1 Reply
rakeshm90 bruh987
@bruh987, thanks! make sure to check out my previous call too!
+1 Reply
Wow! Thanks!
+1 Reply
rakeshm90 DiegoAAM
@DiegoAAM, thank you!
Reply
Well done!
+1 Reply
rakeshm90 supergoh
@supergoh, thank you very much!
Reply
Great job again, Thanks
Reply
rakeshm90 jasonxh
@jasonxh, thanks!!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out