BTCUSD (12h): Fourth idea of a trend line (Nr. 4 of a series)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             has fallen deep (most of Alts deeper), but this is no reason to panic. Like last year, it could recover quickly. Prices are going down especially before Chinese New Year. The news of the last few days has also influenced the price reduction. This is only marginally relevant for long-term development. Bitcoin             is still the leading cryptocurrency. Bitcoin             remains the leading currency, even though interesting solutions such as ETH or NEO are becoming stronger. And don't forget the other big Altcoins. I have adjusted my chart to my maximum possible levels. That's why numbers have changed. The Fibo 38 is now around 9,000 USD (8888 USD). If the bitcoin             goes below this mark for a longer period of time, the next big support would be at Fibo 23 (6,500 USD). But it doesn't seem so likely. The bottom may be reached right now. BTC             could touch the Fibo 38 one or two more times until it goes up, but that doesn't change the basic direction. We should be in a big bull flag . With that we might expect a bitcoin             recovery. Don't forget. Lightning could be the Game Changer 2018. IMO             Bitcoin             will have an exciting year.

Possible Targets:
Resistance at around 11.100 USD
Fibo 0.62 at around 13.150 USD
Fibo 0.78 at around 16.100 USD
Fibo 1.23 at around 24.000 USD

Let's see what happens. Happy trading. :-)

See also:
Comment: BTCUSD (1h): situation chart. just for info. i start buying.

Comment: BTCUSD (12h): Situation chart. Imo bottom reached. Happy trading. Happy buying ... :-)

Comment: BTCUSD (12h): The TD sequential trading indicator is not bad to identify a price point. 9 is the signal. This is where we just arrived. If the situation consolidates, we can expect a reversal of the trend.

Comment: BTCUSD (8h): chart update. if all goes well, the next station is 11150.

Comment: BTCUSD (D): chart update. day view.

Comment: BTCUSD (8h): update chart. support line still works.

Comment: BTCUSD (D): update chart. if ma 200 breaks = bad. otherwise strong up possible.

Comment: in addition ma 200 is red step line.
Comment: BTCUSD (D): ma 200 not yet broken. ma = moving average. this is an absolute fundamental thing. in my chart it is the red step line. ma 200 = 200 days. btc has not fallen below this mark since 2015. if this indicator remains intact, this could trigger an upward trend.

Comment: BTW: News about SEC & CFTC: "...The Bottom Line: This is good news for the space and one reason I started investing in crypto currencies..." Read more:
Comment: BTCUSD (D): MA200 could be broken.

Comment: BTCUSD (D): stay strong. MA300 (5960) ahead. just for info. my upcoming charts will be more strongly based on btc, so that those who have held btc will find the coins that increase faster than btc after correction.

Comment: BTCUSD (D): update. bounce back. lets see how strong.

Comment: BTCUSD (D): update. huge volume. maybe we could see the beginning of a good pullback.

Comment: BTCUSD (D): update. could be more than a positive signal. yesterday we closed the day with a volume of 193K btc (bought) and 67K btc (sold). this is more than at the trend reversal (15 september 2017). we had only a few times on bitfinex with such a high volume. let's see how long this lasts.

Comment: BTCUSD: Next push possible...
Comment: BTCUSD (2h): situation chart. we still have air to the next resistance lines.

Comment: BTCUSD (2h): situation chart.

Comment: BTCUSD (4h): update situation chart.

Comment: BTCUSD (2h): update chart. BTC maybe broke important resistance line.

Comment: BTCUSD (2h): update chart. be watchful. correction (shortterm timeframe) possible.



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great news !!!! :)) positive days... really good
@yserius, yes indeed.
Do you have any ideas on the next possible dip/resistance to buy? I didn't buy when I should have at 6000$ but had many things going on personally and was not generally confident. I know there is still a possibility of a pullback. Anyway, thanks.
btcinvests PRO noideaihave
@noideaihave, hard to say. it looks like the run will go up to about 9000.
Nice info, nice info.. I'm observing your daily analysis and you are performing very well in the correction.. very nice!

Can I ask you a question?
Yo, TA guys, always say "the day closed...blabla" as in your statement "...yesterday we closed the day with a volume of 193K btc...". But if this is a 24h global market when do u consider a close time?

Thanks u so much,
Regards from Amsterdam.
btcinvests PRO BrunoDanteSampaio
@BrunoDanteSampaio, that is a good question, of course. but also easy to answer. close is important for evaluation of the time units. 15h, 1h, 1D and so on. clearly this is difficult by day. you should be aware of the time zone of the strongest market. the close is determined by the stock exchange or tv. all indicators are based on this. this is the calculation basis.
@btcinvests, nice, thanks! :)
And to be a bit more stubborn: What GMT time do you use for your close?
its interesting to know how many people pissed in their pants thinking this was the CRUSH an enjoyable event better than a VIRGIN her first sex-
People be brave . buy the fucking dips .... those who were pessimistic and had a negative view can kiss this sort of opportunity good buy for another 3 years or more and the next major correction will not see BTC come below 11.5K -14.5 ! MARK MY WORDS
TATTOO my words on your chest and REVIEW in FEB of 2021

@btcinvests nice chart and keep up the good work
@octave7, :-)
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