For a short position I wait for a possible 7600 to target 5830 and it is pretty safe. Short at 7200 is possible but not enough safe for me. The Bitcoin figure now looks clearly bearish for me and I cannot imagine a new uptrend right now.
Looks like the bearish figure is not finished and needs to touch a very strong support. 5830 is a good intermediary weekly...
Many orders around 5700 / 5800 but I think Bitcoin may go down further to reach the main support lines I have identified.
5400 could be the zone where a new long uptrend will start. An intermediary rebound from 6350 to 6700 is possible.
Look at my chart and what do you think know, still bearish? Ok PRO traders are mainly bearish but did they see these two main support and resistance lines? Of course not because who would like to short now when you see this.
Do you agree?
This is my best work on Bitcoin since I publish here. I find all the main uptrends and downtrends that conducts me to think that Bitcoin will reach 8000 in the next days.
The bullish bat pattern validate this scenario. I am pretty sure it will happen, everything point to this. Why Bitcoin go back to the downtrend? To reach the 8000 support of course!
Sorry I update my last published idea because there is second strong UpTrend support line that gives a target of 8600.
8600 is not an horizontal level support, and no Pro traders talk about this level, but I can tell you that this support is very very strong.
I think we have more change to touch 8600 in the next 5 days, but my strategy is to split 80% of my...
I feel a rally coming to 12150 very quick surrounded by the ellipse. The target of 17200 for mid March is still in progress for me.
Want to follow my EA MT4 forex robot?
I found a beautiful figure with trend lines, triangle and ellipse that implies a straight cross of the 11000 level.
If Bitcoin crosses straight the 11000 resistance, this can help you to find the good opportunities.
I found a beautiful figure that give a straight cross of the 11000 resistance to go to the 12200 resistance.
If Bitcoin crosses the 11000 resistance with no retracement, this figure will help us to find the good opportunities.
Today I see 2 good opportunities to buy.
If we have a retracement to 10000, the ellipse drawn should contain the sellers and it is a good opportunity to buy for the 11000 target.
If Bitcoin continue straight and cross 10420, it is a good opportunity to buy for the 11000 target.
After the 11000 target, good chance to have a retracement to 10300.
Ok yesterday at 10300 I predicted 9000 for yesterday, not exactly true but a good advice.
So today I worked accurately on my trend lines to find the exact price and the exact time where Bitcoin will rebound today.
And also the next targets after the rebound.
Yeah the price is at 9730 and you see 8800 today, are you crazy? ;-D (same reaction like...
This morning I posted a warning for a retracement to 9000 today if Bitcoin do not cross 10550 (Bitfinex).
Bitcoin hit 10500 but failed to cross 10550. So this is the way I think how Bitcoin will go to the 9000 level today for the big rebound.
Ok it looks bullish now but take care.
If Bitcoin do not go above 10550 today, a high possibility is to see Bitcoin falling from 10300 to 9000 in the daily candle.
Many supports point to the 9000 level in 24 hours.
If it happens, I will not miss to buy a lot at this level :-D