$BTCUSD (#bitcoin) Chart Update

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
645 2 9
$BTCUSD (#bitcoin) Chart Update:


Of late, we produced a high-probability target defined at 1020, attributing this as a major potential resistance. However, we are upgrading our optimism by defining a TG-High target at 1137.02.

That target was already posted sometimes last week, but at the time, we decided to concentrate of the nature of the decline and looking at potential upside reaction.

One small hurdle right now is the 848.71 level, which is a small internal structure. However, this tiny bone will likely flesh out a loftier forecast, setting our sight on that 1137.02.

First things first: Move beying 848.71, THEN, overcome 1020.00, then and only then, contemplate a potential reversal of significant Fib repercussion from that 1137.02 level.

Outlook is NEUTRAL. If next 4-hour candle closes higher, then our outlook will convert to "LONG" and our BULLISH market reversal confirmation will be complete.


David Alcindor | 4xQuad.com
David Alcindor
Alias: 4xForecaster

FREE Strategies:
- http://bit.ly/4xForecaster-FreeLessons

CROW Signal Service:
- http://www.MarketPredictiveAnalysis.com

RECENT Results:
- bit.ly/4xForecaster-Hits
Hello @whatsnextyo - I meant just as written: 848.71 was the conditional price level for our directional bias conversion.

Ever since I wrote about that price acting as a small potential hurdle, it stood its ground and did not allow price to move above it. At this point, there is no change, until price proves capable to carve out higher highs.

David Alcindor | 4xQuad.com
you mean if the 4h candle closes above 995 then you'll change to bull?
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
AR العربية
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