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Bitcoishort

Can Bitcoin make a 1600 Bottom?The chart is self explanatory, in a few words a comparison between how the 2014 - 2015 bear market reached its bottom and the similarity with the price action at hand. Based on that comparison, December's 3150 bottom was a temporary one much like the 278 during 2014 - 2015. A maximum peak at 4600 is to be expected followed by the final blow of -65% for a 1600 low. This must be the permanent bottom for the 2018 - 2019 bear market. What follows after is a lengthy accumulation and recovery period.
BITSTAMP:BTCUSDShort
by TradingShot
14
Bitcoin testing ascending support, keep an eye out for thisBitcoin is now testing our ascending support line which has been holding price up in its recovery since the beginning of February 2018. This is definitely a key support as if price breaks it, it would be a strong precursor to a bearish move. Drawing some correlation from our Etherium (ETHUSD) idea, this level has to hold otherwise we're seeing a potential larger collapse across cryptocurrencies. 10121 remains our key support with 23.6% Fibonacci retracement and horizontal overlap support. 23.6% is also a precursor to a larger recovery happening if that level is taken out. It's important to watch RSI too as if it remains above 52%, the bullish bias remains.
BITFINEX:BTCUSDLong
by ICmarkets