BTC how high will you GO, and will you ever reach that LOW?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We're coming up to an important resistance level , all time high trend line 1, and a fib is also converging there. Interesting zone is the 8500 to 8700 level, and breaking this could mean a run up to test the previous high of 9177 (call it 9200). A safer long at 8800 though (although there's no guarantees as you already know), but 9200 could be the turning point, so the reversal may be quick.

It could also fail at that all time high trend line (or even around now as we are close enough).

We won't be going to 20k in one straight line, it's simply a question of when the reversal will happen and with how much force. I'm still counting on either a 6k double bottom test or a 5.4k bottom (could go lower though), and I'm also ready to react if the market has a different idea. Charts are to help us point out patterns and key levels. 8500 - 8700 is KEY to me ... so I'd watch it closely.

Remember only a fool relies on one potential outcome.

Do not use this information for investment decisions. For educational purposes only.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out