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

BITFINEX:BTCUSD   Bitcoin / Dolar
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:

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

Komen: 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

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

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

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

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

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

Komen: 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.
Komen: 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.

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

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

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

Komen: BTCUSD (4h): volume chart.

Komen: 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.

Komen: BTCUSD (4h): situation chart.

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

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

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

Komen: BTCUSD (2h): situation chart.

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

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

Komen: 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.

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

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

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

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

Komen: BTCUSD (30min): resistance broke at 30 min

Komen: 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.

Komen: 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.

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

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

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

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

Komen: 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.

Komen: chart update. new chart here...


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Thx for following A N D thx for helping.

If you can't process BTC dip to near $2500, don't buy. One more thing: BTC will not bullish until the end of 2019. However, if you are long term investor (yearly), you have nothing to worry as BTC might up to $80000 on 2021.
@vh6889, thx for your comment. my portfolio is 40 longterm 40 swing 20 day. at the moment i am only in with the longterm. in addition. 2500 is not likely. we will see more sideways. this is a kind of bottoning imo.
vh6889 btcinvests
I think it's possible.
@vh6889, yes also possible ... I see an intermediate high.
This is great!
@MarcelV, thx my friend. :-)
Plus we have G20 meetings on 20 March I think so this could / will influence things. Very tricky right now.
btcinvests noideaihave
@noideaihave, yes indeed. at the end btc, ltc and the hole cryptomarket is stronger. at the moment, we see an huge consolidation. longer and deeper than in the past, but we are still in an longterm bull market - according to my analyses. thx for your comment.
+1 Balas
Are we rekt now?
@leondb, under 6300 maybe yes. im still long with my longterm portfolio. just for info.

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