BTCUSD: Shortterm target 11k, 12k should follow directely
Updated
BTCUSD: Momentum to the upside is much stronger than expected.
A reversal pattern is completed succesfully. Next move should be a break out to the upside to 11k, followed by rising momentum to 12k.
Even pessimism was high past days and weeks ago looks like this crypto is comming back to life. BTC right now is going to prove all wrong who called the end of cryptos - even they might had call it to early only. The reason for this could be, that Bitcoin might now will be regulated giving traders and hodlers more saftey to invest in BTC:
US government is nowhere close to regulating bitcoin, White House cybersecurity coordinator says
cnbc.com/2018/02/16/munich-security-conference-us-government-nowhere-near-regulating-bitcoin.html
A reversal pattern is completed succesfully. Next move should be a break out to the upside to 11k, followed by rising momentum to 12k.
Even pessimism was high past days and weeks ago looks like this crypto is comming back to life. BTC right now is going to prove all wrong who called the end of cryptos - even they might had call it to early only. The reason for this could be, that Bitcoin might now will be regulated giving traders and hodlers more saftey to invest in BTC:
US government is nowhere close to regulating bitcoin, White House cybersecurity coordinator says
cnbc.com/2018/02/16/munich-security-conference-us-government-nowhere-near-regulating-bitcoin.html
Note
BTC @ 10.900. First traget almost reached. Note
BTC @ 10.900, ready for 11k and following spike to almost 12k:Trade active
First Target reached: BTC @ 11k, unexpectedly.Trade active
BTC @ 11.250: 0.382 Fibor RetracementHolders for sure don´t like to hear this. BTC now is answering same way to Fibo Retracments than any other markets. BTC now belongs to the "Establishment" of all traded major markets. The Chart is showing how BTC responded to the 0,382 retracments. This happened so precise and fast that it easy to anticipate: Algos now dominating BTC like any other market as well.
Trade active
BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading.Trade active
BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading. Trade active
BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading. Trade active
UNCH: BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading.Trade active
UNCH: BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. Patterns seems like completed. Break out to the upside. Next target 12k.Trade active
BTC @ 11.135: fter reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. Patterns seems like completed. Break out to the upside. Next target 12k. Trade active
BTC @ 11.400. Intraday charts showing, how precise BTC stopped at the 0,382 retracement several times. Than also charts are showing several attempts to cross 11.250. The break out was impressive. Next target should be now 12k or later 12,9k (0,5 Fibo Retracement)
Trade active
BTC @ 11.730, target almost reached. BTC now above the down trendline. In case BTC stays above this trendline next target is 12k.Trade active
Latest News/Rumors: Bitcoin nearly doubles in value from year's low hit in early FebruaryBitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea's financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges. Analysts cited South Korean news agency Yonhap, which reported Choe Heung-sik, governor of the Financial Supervisory Service, as saying that the government will support cryptocurrency trading if "normal transactions" are made. Reuters is unable to verify the Yonhap report.
investing.com/news/cryptocurrency-news/bitcoin-nearly-doubles-in-value-from-years-low-hit-in-early-february-1281870
Trade closed: stop reached
Trade closed: BTC stopped upside momentum @ 11.800, reversed and falls back below downtrend.SL triggerted @ 11.550.
re entry if BTC cross downtrendline to the upside again.
Note
Bitcoin Rises Despite Regulation ConcernsRegulators have taken an increased interest in the digital currencies. On Thursday New York Fed President William Dudley described cryptocurrencies as “dangerous” and that there was a “speculative mania” about them. U.S. regulators are investigating the Bitfinex exchange over its links to digital coin Tether, amid fears that it is being used to artificially inflate bitcoin prices.
Meanwhile in Germany, the Federal Financial Supervisory Authority (BaFin) was planning a “case-by-case examination” of ICO tokens, while France’s Autorite des Marches Financiers, the country’s top financial watchdog, has announced all cash-settled cryptocurrency contracts are subject to the country’s strict derivatives laws as well as an advertising ban.
The UK Treasury Committee is also launching an inquiry into cryptocurrencies to investigate whether the technology behind Bitcoin poses a risk to central banking.
investing.com/news/cryptocurrency-news/bitcoin-rises-despite-fresh-regulation-concerns-1301617
Trade active
re entry @ 10.300Trade active
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