BTCUSD level to watch Long

Bitcoin / United States DollarCoinbase

Description

⋅ Sep 3, 2018 5:32 AM

You can see that rising wedge already break down,
we have support line at 7150, and support zone around uptrend support.

If 7150 able to hold bearish movement, our target at 7450 at ABCD fibonacci projection,
with maximum target at internal pattern projection at 7500

Note : to understand more about this setup, check our video analysis.

Comments

weslad

⋅ Sep 3, 2018 11:36 PM

This chart exposed new BTC trading pattern. Enjoy it guys

Mrmoney7_7

⋅ Sep 3, 2018 7:17 PM

LoveDump

⋅ Sep 3, 2018 10:55 PM

@Mrmoney7_7, I must say what are you trying to communicate with this chart? This is a bullish pattern - falling wedge -; you think we are going to fall -58% off a bullish pattern?

Mrmoney7_7

⋅ Sep 3, 2018 11:22 PM

@LoveDump, Do you think we are now in the bull market? good luck you with this

Mrmoney7_7

⋅ Sep 3, 2018 11:23 PM

@Mrmoney7_7, 7800 max. your bull market for now

LoveDump

⋅ Sep 3, 2018 11:24 PM

@Mrmoney7_7, we are technically in a bull market. Year over year we are up, this is called a correction.

Mrmoney7_7

⋅ Sep 3, 2018 11:26 PM

@LoveDump, i know how this is called, okay have a good trade)

Eklund

⋅ Sep 3, 2018 3:37 PM

goprofitmax.com thumbsup!

Vitalissimo

⋅ Sep 3, 2018 2:06 PM

Kakoy-to neudachniy poka prognoz, k sozjaliniyu.

InvestingScope

⋅ Sep 3, 2018 12:36 PM

Thank you Dian. On the longer term we are bearish though as BTC should be contained at a expect a maximum value of 7,500 - 7,700 as the new Lower High on 1W (based on the 0.618 Fib. retracement). The bearish reversal is a strong technical sequence on such fibonacci retracements all year long.