ChasingTheMarket
Long

BTC/USD: Up, Up and Away

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Exact same chart and train of though as the analysis one posted a couple of days ago.

We hope you followed our forecast. Albeit being bullish at the time we advised we were not tunnel visioned and would undoubtedly turn (short term ) bearish if the market were to breakout of the channel and below the 15000s level.

Not only did it pullback to the identified support levels, as it also "hit and ran" from the Mov             Avg             on the daily time frame which stands as a bullish sign and made for a great entry point.

As of where the market stands at present time:
The current level (15700) is a resistance point. A consolidation at this point would be great to bring the Mov             Avg             up and Cool Off the RSI . Afterwards, the immediate target is the band at 17300. The immense volatility due to low volume hints that the market will race past that band, re-enter the channel and then pullback to the exact same band and bottom of channel to once again cool off the RSI values which will be Overbought by then (80+). Afterwards, we believe the market will resume climbing and surpass All time highs en route to the top of the channel.
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