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
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
Comment:
Support 1 and 2 (former longterm resist - (Breakoutlevel wedge), now supportzone) reached. Support 1 (last valid "3") recaptured..now it`s getting interesting
Comment:
further Information about 1-2-3 trading? please have a look at
If you like it - please like it :-)
If you like it - please like it :-)
Comment:
kissed the minimum correction level fibo 38,2 at 654!!!
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Comment:
The in my former Analysis shown Pivot resistance Level at 680$ is still valid!
In a very small timerframe (15min Chart), this Level is corresponding to a possible H&S.
Should BTCUSD1.26% trade above this Level, a Minimum TP could be 701, the max. 735$
Trading below 680 will strengten the bearish momentum. For further Information about further possible targets on the downside, please have a look at my other analysis
In a very small timerframe (15min Chart), this Level is corresponding to a possible H&S.
Should BTCUSD1.26% trade above this Level, a Minimum TP could be 701, the max. 735$
Trading below 680 will strengten the bearish momentum. For further Information about further possible targets on the downside, please have a look at my other analysis
Comment:
isn`t that nice? At this moment we have touched the fibo 0,5! cheers!
Comment:
Bubble has burst!! Now the cards can be mixed new
Trade closed: target reached:
reached the maximal correction level , fibo 61,8...here the upswing could go on..is that the end of the consolidation?
