BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It's good to be back. I have been away due to my fund management commitments, and the realigning of my equities portfolio as the year end approaches which is a very strenuous task. With commodities improving, equities recovering from their plunge, and Dollar looking better, the outlook for the stock market is good and thus, I can commit some time here once again!

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BTC has had a rough time lately, falling mercy to a technical downtrend which was basically never ending. As it stands, price has found resistance at the side-wards resistance line, and also at the 20 moving average which is BAD news. It shows we could be going into another down wave, bringing prices even lower.

Price however does need to correct. So this is the happy side of things, but WHEN it corrects is subjective and this is just my best guess/educated guess. If price holds at the horizontal support zone and bounces to the upside this is a good start, better more if it manages to break the side-wards resistance and use it as a new support level .

The probabilities in REALTIME, are that price will go lower. I'd really like to see that down move to the support zone and a bounce, as that would bring confidence back into the marketplace.

Bear in mind, it's not logical to enter a long if price breaks above side-wards resistance UNTIL price has retested the resistance as a new support already.

Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!

I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
MY best prediction on btc complete...

+1 Reply
TomProTrader fahadjutt
@fahadjutt, Ty for sharing.
Reply
What do you mean, "which way" ? ;-) You are joking, right

>Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!

Let me tell you where I think price is heading to: in three days on December 17, it will dive to $ 3,000, and around December 25, to $ 2,500. Merry Christmas!
+1 Reply
Buy-zone: 2900 - 3000 it depends on the trend of the wedge ,,, We have also a great support on marketcap between 94B - 97B

First target: 3700$
Second target: 3880$
Third target: 4200$ > Blue trend <

Closing 2D candle above the blue-trend means that we have a great bullish wave
Dont forget to follow me for more signals ;)


+1 Reply
TomProTrader EATrading1
@EATrading1, Ty for sharing.
Reply
We have too shitty volume to go up. Also investors are too scared to go long. So by my oppinion down we go.

However becose bears are too confident right now a lot of them are in with heavy leverage and shorts on daily are extreme high we could see april short squeeze.
That would couse a lot of bear hedache.
That possibility unless we see some realy good news about BTC is as I see only option to go up
+1 Reply
Firstly we have to define the meaning of dominance: Is the percentage of the acquisition of the bitcoin from the total market-cap

As u see Dominance and Bitcoin on number ( 1 - 2 ) moving at the same way But in number ( 3 ) they're moving at the reversal way that means the next period would be bullish regardless the Resistances of Bitcoin * Check previous charts to know the targets of Bitcoin *

-Press Like & Follow if you like my vision

+1 Reply
TomProTrader EATrading1
@EATrading1, Thanks for sharing.
Reply
That IS the question... will we hit $3k, or will it be snatched away by the whales?:
+1 Reply
TomProTrader racethehare
@mattrl, TYy for sharing.
Reply
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