BTCUSD (12h): Fifth idea of a trend line (Nr. 5 of a series)

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:

코멘트:

BTCUSD (30min): close up of the current situation. trendline seems to work.

코멘트:

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 Morgan

코멘트:

BTCUSD (15min): chart update. broke resistance.

코멘트:

BTCUSD (4min): chart update. 4h candle close about resistance.

코멘트:

BTCUSD (4min): chart update. down as predicted. trendline still works.

코멘트:

BTCUSD (4h): chart update. on track. trendline/channel works.

코멘트:

BTCUSD (4h): situation chart. on track down.

코멘트:

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.

코멘트:

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.

코멘트:

BTCUSD (1h): also possible. thx to @bultbtc. he see another line. could also be possible. be watchful.

코멘트:

BTCUSD (1h): situation chart. more down still possible.

코멘트:

BTCUSD (1h): chart update. lets see where were going and the bottom is.

코멘트:

BTCUSD (4h): volume chart.

코멘트:

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.

코멘트:

BTCUSD (4h): situation chart.

코멘트:

BTCUSD (30min): situation chart. possible bear flag. down trend could not be finished yet.

코멘트:

BTCUSD (2h): fast update. shs possible ...

코멘트:

BTCUSD (8h): also still possible ... lets see. next week is important. By the way, the bulls maybe getting stronger ...

코멘트:

BTCUSD (2h): situation chart.

코멘트:

BTCUSD (30min): Desision point. We reached 10800.

코멘트:

BTCUSD (1h): Desision point. resistance maybe broken.

코멘트:

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.

코멘트:

BTCUSD (2h): if we break the resistance a second time, strog up possible.

코멘트:

BTCUSD (30min): exactly along the first trend line. see post above. do we now break the resistance?

코멘트:

BTCUSD (2h): on track along the right shoulder. main chart at the top of the post still works.

코멘트:

in addition: important resistance at 13800... black dashed line.

코멘트:

BTCUSD (30min): resistance broke at 30 min

코멘트:

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.

코멘트:

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.

코멘트:

BTCUSD (4h): three times we have now touched the important support line and it has remained. let's see if it is strong enough.

코멘트:

BTCUSD (8h): chart update ... on the road up. break resistance.

코멘트:

BTCUSD (12h): update chart. situation futher stabil. more up likely.

코멘트:

BTCUSD (8h): update chart. triple bottom poss.

코멘트:

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.

코멘트:

chart update. new chart here...