Bitcoin is primed for a retest of 200 MA at anytime and potentially a new yearly low this time around. $BTC setup is showing huge signs of weakness, low volume and overbought at the moment. Not sure where you are getting the breakout idea from, please lighten everyone with your fundamentals? I can’t agree with your TA in the slightest and find it troublesome that anyone can post opinions without proper knowledge of TA. Save noobs from rektning and stop posting misleading ideas!
@CryptoBitShow, So what's your qualification to oppose the analysis? and if you do have any.. You need to learn to accept everyone's analysis and opinion in Markets. If all had similar opinions then there won't be any trading markets isn't it?
@SirajHudda, I am a Tech CEO for a software company out of CA that knows enough about TA and trades with moderate consistency. I was indeed correct about your TA. Bitcoin shortly after my critic had a major breakdown of $300, as I clearly pointed out to you. The new yearly low has yet to come but it is expect to come by April the latest. To answer your question, I do respect analysis but only from those that provides solid fundamental to back their public opinions. You have proven to be inexperienced and to be blunt, posting opinions on the direction of such a volatile market that is struggling with volume and manipulation isn't responsible. Nothing against you, i just feel that it isn't smart to put information out unless you can fundamentally back your work. My reply is directed towards your January 23rd post followed by 15 days of BTC dropping $300 below your breakout call.
@CryptoBitShow, you are still about yourself and not the analysis... the way I see it... My trade is still valid on the long side and if at all.. currently it is at breakeven and only looking for higher levels.. understand the analysis that I gave and if you know how to trade that analysis then your stoploss should be around 3200 or 3150 and while you are talking about $300 drop.. I see over $600 rise but again you are speaking about your short term achievements and I am giving a bigger picture where I am not talking about $300 points but rather $3000 and beyond..