Let us look at the situation a year ago. We see almost a similar situation. BTC went down from Fibo 1 to Fibo 0.38 at that time. The market recovered quickly and the share price was then at the beginning of March at Fibo 1.23. This is also related to Chineese New Year. If we compare the situation, the market was much more sceptical about Bitcoin a year ago. Don't forget that. And today: Bitcoin launched a new technology. Lightning could be the 2018 Game Changer.
Even if many see a further correction, an longterm upward trend could already start now. That's why I re-entered at ~10,000 USD yesterday. Always with the certainty of quickly dropping out in case of a possible correction. Currently, the forecast is still vague, but possible.
Possible Targets:
Resistance at 14.900 USD
Fibo 0.78 at 16.400 USD
Fibo 1.23 at 23.800 USD
Let's see what happens. Happy trading. :-)
See also:
https://www.tradingview.com/chart/BTCUSDT/ielRpUdO-BTCUSD-12h-Second-idea-of-a-trend-line-Nr-2-of-a-series/
https://www.tradingview.com/chart/BTCUSDT/kXF7A0aL-BTCUSD-12h-First-idea-of-a-trend-line-new-chart-series/
Even if many see a further correction, an longterm upward trend could already start now. That's why I re-entered at ~10,000 USD yesterday. Always with the certainty of quickly dropping out in case of a possible correction. Currently, the forecast is still vague, but possible.
Possible Targets:
Resistance at 14.900 USD
Fibo 0.78 at 16.400 USD
Fibo 1.23 at 23.800 USD
Let's see what happens. Happy trading. :-)
See also:
https://www.tradingview.com/chart/BTCUSDT/ielRpUdO-BTCUSD-12h-Second-idea-of-a-trend-line-Nr-2-of-a-series/
https://www.tradingview.com/chart/BTCUSDT/kXF7A0aL-BTCUSD-12h-First-idea-of-a-trend-line-new-chart-series/
Note
BTCUSD (15min): update and close up: ishs possible.Note
BTCUSD (15min): update - little shortterm correction possible. rising wedge. if restistance breaks more up also possible.Note
BTCUSD (15min): update - support broke. be careful ...Note
BTCUSD (15min): update - strong resistance line touched. could be the start of the second correction wave. just for info... i took profit. watching now what happens to re-enter.Note
BTCUSD (30min): update - current situation ...Note
BTCUSD (30min): update - current short term situation ... trend could be still more down.Note
BTCUSD (4h): update - way down to the next support line open. Note
BTCUSD (15min): update - be watchful. rising wedge at 15min chart. low volume. Note
BTCUSD (30min): update - we saw 10371. be further watchful. resistance is near. more down still possible.Note
BTCUSD (1h): update - situation chartNote
BTCUSD (15min): current situation chart Note
BTCUSD (15min): update ... still in turbulent waterNote
BTCUSD (1h): update - possible up to the resistance. lets see.Note
BTCUSD (2h): update - shortterm trend channel could still work. Note
BTCUSD (2h): update - shortterm trend channel still works. Note
BTCUSD (1h): update - situation chart. btc at the support line. if it breaks, more down possible.Note
BTCUSD (1h): update - situation looks not bad. btc passed important resistance line. more up possible. trendline in the masterchart above works.Note
BTCUSD (12h): 12h view in additionNote
BTCUSD (1h): situation chart ...Note
BTCUSD (1h): situation chart ... btc touched the support line exactly. if the line is strong enough, we could see a pullback.Note
BTCUSD (1h): update chart ... the situation has not yet been cleared, but the main resistance line has still kept up. in principle a slightly positive sign.Note
in addition... sorry. a mistyping. not "resistance line", of course supportline. the purple one.Note
in addition 12 h view...Note
BTCUSD (30min): situation chart ...Note
next chart of the series here:
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.