BTCUSD (12h): Fourth idea of a trend line (Nr. 4 of a series)

Updated

Bitcoin has fallen deep (most of Alts deeper), but this is no reason to panic. Like last year, it could recover quickly. Prices are going down especially before Chinese New Year. The news of the last few days has also influenced the price reduction. This is only marginally relevant for long-term development. Bitcoin is still the leading cryptocurrency. Bitcoin remains the leading currency, even though interesting solutions such as ETH or NEO are becoming stronger. And don't forget the other big Altcoins. I have adjusted my chart to my maximum possible levels. That's why numbers have changed. The Fibo 38 is now around 9,000 USD (8888 USD). If the bitcoin goes below this mark for a longer period of time, the next big support would be at Fibo 23 (6,500 USD). But it doesn't seem so likely. The bottom may be reached right now. BTC could touch the Fibo 38 one or two more times until it goes up, but that doesn't change the basic direction. We should be in a big bull flag. With that we might expect a bitcoin recovery. Don't forget. Lightning could be the Game Changer 2018. IMO Bitcoin will have an exciting year.

Possible Targets:
Resistance at around 11.100 USD
Fibo 0.62 at around 13.150 USD
Fibo 0.78 at around 16.100 USD
Fibo 1.23 at around 24.000 USD

Let's see what happens. Happy trading. :-)

See also:

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/

Note

BTCUSD (1h): situation chart. just for info. i start buying.

Note

BTCUSD (12h): Situation chart. Imo bottom reached. Happy trading. Happy buying ... :-)

Note

BTCUSD (12h): The TD sequential trading indicator is not bad to identify a price point. 9 is the signal. This is where we just arrived. If the situation consolidates, we can expect a reversal of the trend.

Note

BTCUSD (8h): chart update. if all goes well, the next station is 11150.

Note

BTCUSD (D): chart update. day view.

Note

BTCUSD (8h): update chart. support line still works.

Note

BTCUSD (D): update chart. if ma 200 breaks = bad. otherwise strong up possible.

Note

in addition ma 200 is red step line.

Note

BTCUSD (D): ma 200 not yet broken. ma = moving average. this is an absolute fundamental thing. in my chart it is the red step line. ma 200 = 200 days. btc has not fallen below this mark since 2015. if this indicator remains intact, this could trigger an upward trend.

Note

BTW: News about SEC & CFTC: "...The Bottom Line: This is good news for the space and one reason I started investing in crypto currencies..." Read more: seekingcryptos.com/2018/02/04/expect-sec-cftc-head-senate-testify-concerning-bitcoin-cryptocurrencies-tuesday-february-6th/

Note

BTCUSD (D): MA200 could be broken.

Note

BTCUSD (D): stay strong. MA300 (5960) ahead. just for info. my upcoming charts will be more strongly based on btc, so that those who have held btc will find the coins that increase faster than btc after correction.

Note

BTCUSD (D): update. bounce back. lets see how strong.

Note

BTCUSD (D): update. huge volume. maybe we could see the beginning of a good pullback.

Note

BTCUSD (D): update. could be more than a positive signal. yesterday we closed the day with a volume of 193K btc (bought) and 67K btc (sold). this is more than at the trend reversal (15 september 2017). we had only a few times on bitfinex with such a high volume. let's see how long this lasts.

Note

BTCUSD: Next push possible... ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/

Note

BTCUSD (2h): situation chart. we still have air to the next resistance lines.

Note

BTCUSD (2h): situation chart.

Note

BTCUSD (4h): update situation chart.

Note

BTCUSD (2h): update chart. BTC maybe broke important resistance line.

Note

BTCUSD (2h): update chart. be watchful. correction (shortterm timeframe) possible.

BTCINVESTING

-

---
BTCINVESTING 😃
---

Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom

Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years

-

Also on:

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.