jscorp1618
Long

Pullback is over

BITSTAMP:BTCUSD   Bitcoin / Dollar
334 2 2
If we can manage to break above resistance we will see a short squeeze.
rubBit
2 years ago
Is this squeeze a consolidation reaction of past 14+ days free fall? Or it is a reaction triggered by fear of (EU/usa-)Ukraine-RU war (stocks falls in all main international exchanges)? How far could this bull go in short/long time perspective(of course analytically),? 749? Price break quite a few bear trend lines, but it is enough to say long bull, or just neutral?

Did the price hit a (anual)bottom with a touch of 400usd a few days ago or it will revisit it?

Look forward to hear your thoughts.
Reply
jscorp1618 rubBit
2 years ago
This rally was the result of many factors. A big fundamental issue (Gox) has been put behind us now. In addition, our last selloff to 400 was on massive volume which took out all of the weak hands and we quickly retraced.

750 would be the next target to the upside and 640/610 should act as support. Consolidation after a rally like this is to be expected. Visiting the 400 level would be unlikely unless, of course, we come across some fundamentally bad news.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out