BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
999 4 32
We have reached the mentioned central Pivot resistance Point at 680$ .
After the massive Breakout
Explosion ahead?

we have seen an exemplary consolidation which reached nearly exactly the holy 61,8 fibo-retracement - here the reasumption of the main wave started.

Now we have two trading Options:
1. Procyclical longposition: Stoppbuy near above the central Pivot resistance at 680$, SL adjusted to your individual Money Management and Position size. Target would be 760-780$. This Szenario is according the green counting.
2. Sell the resistance: Open a shortposition at the actual Level. SL should be a bit above the Pivot Point @ 680$. (also adjusted to your individ. MM)
TP could be 630$ (blue counting) and 550$

Below the last valid red "2" @ 550$ i exspect a quick selloff down to the original breakoutlevel @ 465$

Good luck and like it if you like it :-)

Former Analysis:

680$ - this is still the Level to watch! Trading below that Level indicates a bearish momentum - Trading above 680 will brighten the Chart, the main uptrend can possibly be resumed

At the Moment, we have four Trends:

- Midterm downtrend: red 1-2-3 counting: As Long btcusd             are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd             are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd             trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd             are trading above 622$
. SHould btcusd             trade above the last valid "2" the tp could be 680$

Here is the Explanation for this simplified style of counting

The holy Fibo 61,8%

Trying to catch the correction of the correction?

Longterm resistance turned into support?

New shortterm "3"?

A flag -is that true?


Explosion ahead?

Trade active: Long breakout szenario is triggered and active...btc should now not trade again below 680. All above 680 is bullish
Great job MaryJane, keep ´em coming! :-)
Thanks, i try to give my best :-)
Awesome charts !
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