Like2Move
Panjang

Bounce from 12000 area expected

BITFINEX:BTCUSD   Bitcoin / Dolar
Confluence of supports in the 12000 area: fib 0.764, pattern of correction abc (not shown), sliding line and previous support bottom.
Komen: Break up of sliding trendline means a correction is over:
snapshot
Komen: Need one more (green arrow) move up above 13500 to turn up trend
snapshot
Komen: Downtrend line broken. Longs at the retrace to 13300...12500 area.
snapshot
Komen: Retrace completed. Targeting to 14000+
snapshot
Komen: Resistance at 14000 broken. Targeting to 15000:
snapshot
What do you think is next? Thanks
Balas
Like2Move ctealdi
@ctealdi, I expect some retrace (as written in the update) and little by little a move up. Stops must be below 11600.
Balas
My friend, if this comes true you would be the only one saying this. And it would be great as lots of people shorted around here for 8000.
Balas
Like2Move asdfghghj
@asdfghghj, still need to break up sliding line to turn up trend. Likely, above 13500.
snapshot
Balas
asdfghghj Like2Move
@Like2Move, Yeah I understand that. If that happens still you will be the only one talking about this potential action. too much pessimism out there.
Balas
Like2Move asdfghghj
@asdfghghj, thanks mate.
Balas
asdfghghj Like2Move
@Like2Move, It is going very well. :) Good job!
Balas
Like2Move asdfghghj
@asdfghghj, thanks, I hope so. We'll see soon :)
Balas
great chart! true
Balas
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