ChartArt
Short

Overbought, back to test last support

BITFINEX:BTCUSD   Bitcoin / Dollar
182 5 3
The price went up too high too fast. I expect a healthy decline back to where this Sunday rally started. I'm not thinking the entire rally (which is just getting started) is already over here. But I expect at least a pullback before it goes higher. This is my overall outlook for the next weeks:
Bitcoin multi-week uptrend is going to be confirmed by Wednesday


Entry: $242
Stop Loss: $244
Target: $235

Same chart, zoomed out

snapshot
gbgglenn
2 years ago
Bullish divergence 4/14---> 4/26, and also broke out of the ascending triangle. Correction wave and then higher is my call.
Reply
ChartArt gbgglenn
2 years ago
I'm not saying the entire rally which is just getting started is already over here. But I expect at least a pullback before it goes higher.
+1 Reply
FluidicFX PRO
2 years ago
Nice call dude, Bfx hit 236.98, $2 from your target. It just took a day or so. The %R was diverging down during the horizontal correction and lower high and then the market dumped.
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FluidicFX PRO
2 years ago
Target hit.
Reply
ChartArt FluidicFX
2 years ago
Target exceeded :)
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