BTCUSD (12h): Fifth idea of a trend line (Nr. 5 of a series)
Updated
The correction could be completed if the main support line is tested again. It could hit the MA200 (D) (8400) or not so low at 9800 - MA150 (D). If we break the resistance line at 11200, a further direct up is still possible.
Let's see what happens. Happy trading. :-)
See also:
https://www.tradingview.com/chart/BTCUSD/lT8PVjE1-BTCUSD-12h-Fourth-idea-of-a-trend-line-Nr-4-of-a-series/
https://www.tradingview.com/chart/BTCUSD/NJrmf1lC-BTCUSD-12h-Third-trend-line-idea-Nr-3-23800-USD/
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/
Let's see what happens. Happy trading. :-)
See also:
https://www.tradingview.com/chart/BTCUSD/lT8PVjE1-BTCUSD-12h-Fourth-idea-of-a-trend-line-Nr-4-of-a-series/
https://www.tradingview.com/chart/BTCUSD/NJrmf1lC-BTCUSD-12h-Third-trend-line-idea-Nr-3-23800-USD/
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/
Comment
BTCUSD (30min): close up of the current situation. trendline seems to work.Comment
BTCUSD (2h): chart update. maybe that I warned a little too early in my last post, but we are not yet in safe water. only if the resistance was clearly broken, we have a buy-signal. and don't forget: "I Made a Fortune Getting Out Too Soon" JP MorganComment
BTCUSD (15min): chart update. broke resistance.Comment
BTCUSD (4min): chart update. 4h candle close about resistance. Comment
BTCUSD (4min): chart update. down as predicted. trendline still works.Comment
BTCUSD (4h): chart update. on track. trendline/channel works.Comment
BTCUSD (4h): situation chart. on track down. Comment
in addition to the last post... first predicted point has been reached 9600/9800. let's see if the next point (9000/9200) will be reached. at the moment it could still looks like.Comment
BTCUSD (2h): first predicted point has been reached 9600/9800. against my expectations we see a breakout. this opens up the possibility for an ISH with an interim high of 10660. However, we are still in the trend channel down. the correction has not yet been completed with today's breakout imo. Comment
BTCUSD (1h): also possible. thx to @bultbtc. he see another line. could also be possible. be watchful.Comment
BTCUSD (1h): situation chart. more down still possible.Comment
BTCUSD (1h): chart update. lets see where were going and the bottom is. Comment
BTCUSD (4h): volume chart.Comment
BTCUSD (4h): update ... btc versus btcusdshort. why could we expect another down? the btcusdshort has risen sharply. here is a chart comparing BTC against btcusdshort. Comment
BTCUSD (4h): situation chart.Comment
BTCUSD (30min): situation chart. possible bear flag. down trend could not be finished yet.Comment
BTCUSD (2h): fast update. shs possible ...Comment
BTCUSD (8h): also still possible ... lets see. next week is important. By the way, the bulls maybe getting stronger ...Comment
BTCUSD (2h): situation chart.Comment
BTCUSD (30min): Desision point. We reached 10800. Comment
BTCUSD (1h): Desision point. resistance maybe broken.Comment
BTCUSD (2h): three possible scenarios imo: Bullish1: down to 10000, then up within the trend channel (grey). Bullish2: completion of the SHS pattern with an up to 11650. Bearish: Purple trend channel down to 8800. Last one I don't really see, but it is still possible.Comment
BTCUSD (2h): if we break the resistance a second time, strog up possible.Comment
BTCUSD (30min): exactly along the first trend line. see post above. do we now break the resistance? Comment
BTCUSD (2h): on track along the right shoulder. main chart at the top of the post still works.Comment
in addition: important resistance at 13800... black dashed line.Comment
BTCUSD (30min): resistance broke at 30 minComment
BTCUSD (12h): strong support at MA 200. positive signal! if look at the top/first chart above, MA 200 was expected. now we reached ths point. if btc stay above MA200, the expected trend reveral could come and a strong up is possible. Comment
BTCUSD (D): I'm staying positive. I would currently say maximum correction to 8050, then strong up. 8400 we have already seen. My opinion is that the market should have been cleared up by now. let see.Comment
BTCUSD (4h): three times we have now touched the important support line and it has remained. let's see if it is strong enough.Comment
BTCUSD (8h): chart update ... on the road up. break resistance.Comment
BTCUSD (12h): update chart. situation futher stabil. more up likely.Comment
BTCUSD (8h): update chart. triple bottom poss.Comment
BTCUSD (12h): my lowest supportline reached (black one). it is from the logscale and very longterm. if it is strong, we could see a green week next week.Comment
chart update. new chart here...
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BTCINVESTING 😃
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Trading experience for over 30 years
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