Next very critical Point for BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
205 1 2
Hello friends, Traders and Interested,

at first I have to say sorry and have to agree, my last TA went wrong. The massive dip from 10.8 K I did not really see. But, mistakes happen, important is not to ignore them. Okay, ....................

I ll give you a short Update here, because BTC             is again at a very critical Point.

Okay, into the Chart. As you can see BTC             is actually in an small downtrend channel . We saw during the past few hrs             continous bearish triangles. Now BTC             reaches a Point, were maybe a Head and Shoulder formation will occur, and we would go to 7850. This H & S is to be seen in the 1 hrs-chart. The Problem is, if this H & S will work, we reenter into the bigger downtrend channel . Than I see a really big fall, maybe again down to 6 K to retest our last big bottom.

So watch carefully the next 1 - 2 hour the 15 min. - Chart. Should BTC             fall under the marked line ( green) , bye bye I say to BTC             . In my opiion, last Chance will be, if BTC             can leave the actual downtrend channel ( see my Text in Chart, blue cross lines). This cross must happen now, otherwise the other sceanario will run.

Okay, trade safe.

As always no trading advice, just educationl. Trade on your own risk.

If you like this TA, please a like and I am always happy, when you follow me.

Best greetings,

Yes, it seems BTC has broken this important Point in6to the upward direction, exactly at the marked line. Now we must see if this will result into a healthy upttrend. Next Point will be at around 8950.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out