AzrulAzir
Short

BTCUSD quick update

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Explanation at comment section
Comment: Sorry that this analysis came with late description.
We success catch a big bearish candle 2 days ago, but bear stop at 3936 and perform sideways consolidation pattern.

Bitcoin failed to break fibonacci resistance zone (4004 - 3986), this is bad news for bullish, and we have another resistance above at 4038.
If bitcoin able to break up this resistance, bullish will continue.

the important support before bearish perform with another bearwhale at 3936.
If this support break down, bearish target at 3860 maximum at 3780.

I will try to post more quick analysis if we have new pattern.

Previous analysis :
Comment: Note : I share my analysis, you share your "LIKE"
Comment: Another bearish pattern for BTC :
Comment: nice run ^_^
Trade closed: target reached: this analysis close, Target reach :)))))))
We found a correlation between S&P500 and the price of BTC. In December 2018 we had a massive sell-off on S&P500. Some part of this money was pumped into BTC.

We think the correction on S&P500 is close. We may have additional money on BTC. We just need a couple of days more.

+2 Reply
I agree. I think in the big picture, we are in the wave 4th, what will be a triangle.
+1 Reply
AzrulAzir keny777
@keny777, 3000 = Crab pattern, check update
Reply
Worst case scenario for Bitcoin and why..
+1 Reply
AzrulAzir TheCryptoEZ
@TheCryptoEZ, I found crab from B point
+1 Reply
TheCryptoEZ AzrulAzir
@AzrulAzir, your crab is just as valid but the idea of my analysis was to cover the worst-case scenario so I chose the deep crab.
+1 Reply
Such a small pull back is certainly possible and we are with you on that Dian. But we can't neglect the fact that Bitcoin is currently trading on the longest bullish sequence since its All Time Highs:

+1 Reply
AzrulAzir InvestingScope
@InvestingScope, That's what im affraid of. Longest bullish but in low price range also mean strong resistance to break up.
+2 Reply
Don't you just love charts where you can press play and the divination was totally wrong? Will be fun to come back and see what happens in this case!
+2 Reply
AzrulAzir HalvardS
@HalvardS, Just like my ADABTC analysis >.<,,,,,, #%%$%#
Reply
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