BTC - my post @ march 17 for BITFINEX:BTCUSD by NeverNO

Trend Analysis

trendanalysis

***** soon fulfilled *****

Comment:

two weeks ago

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candles

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if BTC falls below $ 6614 next target $ 6199-6172 and if we do not see a closing price (daily) below $ 5920 in the next 2-3 days, then I see next target up at 8322

this target also applies if he does not fall lower!

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why $ 6066 could be possible level on weekly basis i have explained on march 17
(if you want, please read it there)

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yes - still around the 6666, but the other way round BTC - in line with the chart technique - can not rise significantly ... not yet... and so until after midnight March 31

after midnight "he should" form a week deep, which is lower as the deep of this week ... even if it is only about a few points, but deeper ...

so my think(g) --- i n g!

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hier my weekly think(g) --- i n g!

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do you remember my post mar 30:

"if we do not see a closing price (daily) below $ 5920 in the next 2-3 days, then I see next target up at 8322
this target also applies if he does not fall lower!

and second post: .... so until after midnight March 31
after midnight "he should" form a week deep... even if it is only about a few points, but deeper ... "

as expected after midnight on march 31st BTC fell once more and now i see targets for long:

1 TP 7472
2 TP 7857 - 7916
3 TP 8322 - 8406

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to stay bullish we would have to see break and close on a daily basis over the green level @ 8445

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1. TP 7472 - done!

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on H4, BTC has already twice difficult times to pass through the EMA 100... no strength ... see blue ellipse ...
so it might be problematic now as well.

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as the last chart shows - BTC made that move down between 7053 & 6989.

now a bit up and tomorrow a new deep around 6925... after that i would expect my TP Nr. 2 2 TP 7857 - 7916

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2. TP 7857 - 7916

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i would like to see a new day's low and as i have emphasized for several days, a new weekly deep.
that means if we do not see a closing price on H4 tomorrow above 7227 (7306) then i expect falling price (below the green line 6816) with lower levels 6567, 6456 and 6198-6171
only close on daily basis above 7500 eliminates this scenario.

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post mar 30

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I wanted to see two things:
1. a new day deep
2. a new week deep

here, on BITFINEX chart this is not recognizable but on my MT4 I see both, so I assume that these two conditions could be met for rising price ...

Announced $ 6567 was taken ... now we get first confirmation for the double bottom as soon as he leaves the yellow zone - upwards!

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here MT4
daily

weekly

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sorry - this is daily

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and for all cases, if there is another deep in april here is one last alternative ...

either way, the stated targets should be targeted.

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H4

4 hours ago

and now

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Macroeconomic Researchers Call Bitcoin ‘Worthless’
“Bitcoin’s correlation with equity prices has strengthened recently, but we think that this will be just temporary. We still think that bitcoin is essentially worthless, meaning that it is likely to fare much worse than other assets in the coming months,” according to Capital Economics cited in CNBC.

Comment:

"But Fundstrat analysts point out that April is historically a strong month for the bitcoin price."

i think the same... come on BTC, finally lift your butt upstairs!!!!!!!!!!!!

Comment:

3 Reasons Why Bitcoin Price Will Rebound in Q2 2018

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