Btcusdforecast
BTC/USD(COINBASE)As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
Bullish Case:
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see the <$3000 level in the coming weeks.
Bearish Case:
It has tested the $3500 price level recently and bounced to $3670 level due to the news from the Russia investing into Bitcoin.
The bounce(surge) looks weak(less buying volume) and we might see <$3000 level in the coming days/weeks if the $3200 support level is broken.
Note:It can also range between $3200-$4200 level for few days before making significant move up or down.
XBT/USD Short term viewBitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3100 level.
Bullish Case:
If it manages to break the $4100-4200 level in the coming days then it will continue its bullish trend till next resistance $4700+ level.
Bearish Case:
If it doesn't break the $4100-4200 level then we might price see price dipping to <$3500 level.
It can also range between $3200-$4200 level before making significant move up or down.
With Bakkt launching BTC contracts on 24th Jan'19, we might see a price jump but not necessarily.
BITCOIN/USD - PUMP and DUMP Movement Can come Very soon!!as you can see in the BTC is making a pattern which shows that we can see upward movement or downward movement very soon and just look at the RSI , it clearly shows that we are about to see big movement from. Most probably am expecting a Downward movement within 3 days from now. (maybe esrlier). DYOR before taking any positions on Bitmex
you can also check me out on Youtube - Crypto Bhai www.youtube.com
Long BTC and be a millionaire BITFINEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD A bearish deep crab in formation...
Potential target in the prz...
Clear case of long on the BTC/USD house!BITSTAMP:BTCUSD
Case for the bulls...
1.A longer term bearish abcd with a bullish CD leg under formation
2.Breakout from the ichimoku cloud on the four hr chart , both lagging line(Chikou span) and price action
3.Fibonacci retracements of 0.382 bokeen on good volume support (although not a clear brekout)
4.A inverse head and shoulder with classical volume pattern
5.Bullish trendline being respected
6.Money flow converging with price
Potential reversal zone starts at 12884 to 14416..
