xuanhaimmoer

BITCOIN 2H - WAIT ACTION OF MARKET

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello every one, xuanhaimmoer be here - today we will consider some signals in 2H chart of Bitcoin when the market nearly side-way

The last chart of middle term - general view by Elliot in here:



Hope we are in Correction Wave and now we keep fluctuation between 37xx - 40xx$.

We are in Bearish channel right now and nearly with the last bottom zone in 36xx$ and hope it’s strong enough to hold us upper this zone.

Look at RSI and MACD in several hours ago we have divergence in both so may we have bounce back in short term

We meet strong resistance with WMA49 and WMA105 so at this time we will wait the signal of market more clearly before entry long or short.

If the price can break up zone 40xx - 41xx so target will be 45xx - 47xx$ as last predict with Elliot

If the price break down 36xx$ so you can stop loss and buy in better price in below zone 28xx - 30xx$.

The price now keep upper by S1 in Pivot Point ( 37xx$ )

Now we need wait action of market more clearly !
Comment: LIKE for support Author ! Thank in advance - all my brother !
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Comment: In chart 30 minutes we will wait the signal if break up the resistance line so consider buy if the price test break out again !
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Comment: UPDATE NEW

Comment: BITCOIN - Retest Success - Fall down
Will dump 1175$
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more likes more fiasco
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xuanhaimmoer a.shevelev002
@a.shevelev002, thank for sharing !
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Be interesting after last 2 times failed but i guess thats the market sometimes .. would be nice to see a little jump up to $47xx first before a big drop hehe
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@dezzy94, yes we are all hope for last bounce up !
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Be carful
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@JPAM, yes we must be careful with this zone
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