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Husain_Arkghazi
Feb 17, 2020 4:59 PM

Bitcoin quick update, testing patience  Long

Bitcoin / U.S. dollarBitstamp

Description

Hey guys welcome for a fresh crypto update, please like and follow to support us
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here in 1h chart we are getting lower lows with prices whereas oscillators are forming higher highs formation, which is sign of strong bullish divergence
the current drop is a healthy short term correction which is necessary for a strong rally
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notice the 97xx zone which I've mentioned several times in my ideas, strongly holding the supports
if you wait for 92xx level, maybe you could get disappointed, cuz there's no reason technically or fundamentally for a major drop in prices
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trend still looks so strong in daily as well as weekly charts, so better not to be a bear and go against the trend.
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Thanks for reading...
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this is Husain Zabir, signing out
Thankyou...
Comments
PinkCryptoVN
I can see there is more room to go down.

Target to set up long:
TP1 is 9K and TP2 is 8.2K.
PinkCryptoVN
It may come back to retest 10.2K, then continue to go down.
Husain_Arkghazi
@PinkCryptoVN, 10.2k is most likely, not a big deal
Husain_Arkghazi
@PinkCryptoVN, before moving down hard we need to go hardly up
BlackAce
boolseye!
UnknownUnicorn6653705
Bitcoin is bullish again! This idea below explains why:
UnknownUnicorn6653705
@WilliamLockhart,

Husain_Arkghazi
@WilliamLockhart, cool nice chart
Mariuszkrc
Hard to Play. Rsi chanel broken, uptrend chanel broken, now we are on support, but not big bounce. I'm waiting for pull back around 9800-10000 and add more shorts
Husain_Arkghazi
@Mariuszkrc, going against the trend is something which is highly risky as managing ones capital
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