BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good morning Traders,
we are sad to see this bloodbath among young traders, the typical mistake is not to have a correct strategy and the presumption of not having to think about a potential stop loss in case there is something wrong with the setup. But this is the market! Who wins takes all of those who lose ...
That said, the trend is bearish on the intraday chart and the pair is working a bearish impulsive structure (i-ii-iii-iv-v), and only breakout resistance could trigger a beautiful bullish rally. You know well, we have been bears for a long time, but despite this, we hope to see some technical rebound and see some bulls return to smile ....
From a technical point of view, the pair should set new lows during the next trading sessions.

If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
Comment: Updates levels...
what kind of 1-2-3-4-5 , A-B-C are you referring to ?
Bitcoin is back in the hands of the bulls now...
+1 Reply
thx for update. signalswiss
+1 Reply
uhh... what happened to your prediction that bitcoin would drop to 3k? That's not gone is it?
+1 Reply
samiswilf samiswilf
@samiswilf, nevermind I see the array pointing downward
Can you please identify where mathmatically the precise Wave (1) resistance number of 56588.36 came from?
+1 Reply
cblaze22 semasters
@semasters, I am curious too. They hit it on the nose.
samiswilf cblaze22
@cblaze22, They hit what on the nose?
+3 Reply
+1 Reply
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