The bubble has burst, the correction reached its maximum correction fibo level @ 575$. Should that Level hold, a longposition is thinkable
Here a example, trying to catch a shortterm Long Move. An intzeresting tp could be the 38,2 fibo @ 625
former Analysis:
Is this a new anticyclical long-signal? Can the new "3" be bulit?
If not, i see more downwards-potential below the actual shortterm-trend. . The massive breakout has to be consolidated, this could be healthy. A first TP on the downsiide could be 705$ ( EMA and last Low). The next TP could be the former longterm resistance, which turned into a support-level @ 680$. The "normal minimum" correction would be the 38,2 fibo-retracement @ 652$.
Prices above 780 will generate a new buying Signal
Longterm resistance turned into support?
Today, we have seen a dip to the former longterm resistance Level @ 680$ which now turned into the cetral pivot supportlevel.
If we have a look at the MACD and the RSI , we can clearly see the overbought Situation since the massive breakout (wedge, with breakout Zone @ 470$ - Explosion ahead?
). Both indicators signalize a possible downmove.
Should the central supportzone at 680 can not sustainable defended , a further consolidation is thinkable.
In my Chart i illustrate the next Support zones, the fibos 0,382/0,5/0,618 (minimal / normal / maximal correction) : 645,8/604,92/564. At the minimal correction Level also is based the sma 20.
Prices above 680 are still bullish . The Chart clearly brightens, if btcusd-2.20% can trade above it s last high at 780.
Here a example, trying to catch a shortterm Long Move. An intzeresting tp could be the 38,2 fibo @ 625
former Analysis:
Is this a new anticyclical long-signal? Can the new "3" be bulit?
If not, i see more downwards-potential below the actual shortterm-trend. . The massive breakout has to be consolidated, this could be healthy. A first TP on the downsiide could be 705$ ( EMA and last Low). The next TP could be the former longterm resistance, which turned into a support-level @ 680$. The "normal minimum" correction would be the 38,2 fibo-retracement @ 652$.
Prices above 780 will generate a new buying Signal
Longterm resistance turned into support?
Today, we have seen a dip to the former longterm resistance Level @ 680$ which now turned into the cetral pivot supportlevel.
If we have a look at the MACD and the RSI , we can clearly see the overbought Situation since the massive breakout (wedge, with breakout Zone @ 470$ - Explosion ahead?
Should the central supportzone at 680 can not sustainable defended , a further consolidation is thinkable.
In my Chart i illustrate the next Support zones, the fibos 0,382/0,5/0,618 (minimal / normal / maximal correction) : 645,8/604,92/564. At the minimal correction Level also is based the sma 20.
Prices above 680 are still bullish . The Chart clearly brightens, if btcusd-2.20% can trade above it s last high at 780.
Dagangan ditutup: sasaran tercapai
Nota
example trade won more than 7% intraday , unleveraged :-)Nota
BTCUSD reached central resistance at 68ß!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.