BTCUSD (12h): Fourth idea of a trend line (Nr. 4 of a series)

1 feb 2018

Bitcoin has fallen deep (most of Alts deeper), but this is no reason to panic. Like last year, it could recover quickly. Prices are going down especially before Chinese New Year. The news of the last few days has also influenced the price reduction. This is only marginally relevant for long-term development. Bitcoin is still the leading cryptocurrency. Bitcoin remains the leading currency, even though interesting solutions such as ETH or NEO are becoming stronger. And don't forget the other big Altcoins. I have adjusted my chart to my maximum possible levels. That's why numbers have changed. The Fibo 38 is now around 9,000 USD (8888 USD). If the bitcoin goes below this mark for a longer period of time, the next big support would be at Fibo 23 (6,500 USD). But it doesn't seem so likely. The bottom may be reached right now. BTC could touch the Fibo 38 one or two more times until it goes up, but that doesn't change the basic direction. We should be in a big bull flag. With that we might expect a bitcoin recovery. Don't forget. Lightning could be the Game Changer 2018. IMO Bitcoin will have an exciting year.

Possible Targets:
Resistance at around 11.100 USD
Fibo 0.62 at around 13.150 USD
Fibo 0.78 at around 16.100 USD
Fibo 1.23 at around 24.000 USD

Let's see what happens. Happy trading. :-)


See also:

https://www.tradingview.com/chart/BTCUSD/NJrmf1lC-BTCUSD-12h-Third-trend-line-idea-Nr-3-23800-USD/

https://www.tradingview.com/chart/BTCUSDT/ielRpUdO-BTCUSD-12h-Second-idea-of-a-trend-line-Nr-2-of-a-series/

https://www.tradingview.com/chart/BTCUSDT/kXF7A0aL-BTCUSD-12h-First-idea-of-a-trend-line-new-chart-series/

2 feb 2018

Nota

BTCUSD (1h): situation chart. just for info. i start buying.

2 feb 2018

Nota

BTCUSD (12h): Situation chart. Imo bottom reached. Happy trading. Happy buying ... :-)

2 feb 2018

Nota

BTCUSD (12h): The TD sequential trading indicator is not bad to identify a price point. 9 is the signal. This is where we just arrived. If the situation consolidates, we can expect a reversal of the trend.

2 feb 2018

Nota

BTCUSD (8h): chart update. if all goes well, the next station is 11150.

3 feb 2018

Nota

BTCUSD (D): chart update. day view.

4 feb 2018

Nota

BTCUSD (8h): update chart. support line still works.

4 feb 2018

Nota

BTCUSD (D): update chart. if ma 200 breaks = bad. otherwise strong up possible.

4 feb 2018

Nota

in addition ma 200 is red step line.

5 feb 2018

Nota

BTCUSD (D): ma 200 not yet broken. ma = moving average. this is an absolute fundamental thing. in my chart it is the red step line. ma 200 = 200 days. btc has not fallen below this mark since 2015. if this indicator remains intact, this could trigger an upward trend.

5 feb 2018

Nota

BTW: News about SEC & CFTC: "...The Bottom Line: This is good news for the space and one reason I started investing in crypto currencies..." Read more: seekingcryptos.com/2018/02/04/expect-sec-cftc-head-senate-testify-concerning-bitcoin-cryptocurrencies-tuesday-february-6th/

5 feb 2018

Nota

BTCUSD (D): MA200 could be broken.

6 feb 2018

Nota

BTCUSD (D): stay strong. MA300 (5960) ahead. just for info. my upcoming charts will be more strongly based on btc, so that those who have held btc will find the coins that increase faster than btc after correction.

6 feb 2018

Nota

BTCUSD (D): update. bounce back. lets see how strong.

6 feb 2018

Nota

BTCUSD (D): update. huge volume. maybe we could see the beginning of a good pullback.

7 feb 2018

Nota

BTCUSD (D): update. could be more than a positive signal. yesterday we closed the day with a volume of 193K btc (bought) and 67K btc (sold). this is more than at the trend reversal (15 september 2017). we had only a few times on bitfinex with such a high volume. let's see how long this lasts.

8 feb 2018

Nota

BTCUSD: Next push possible... ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/

8 feb 2018

Nota

BTCUSD (2h): situation chart. we still have air to the next resistance lines.

9 feb 2018

Nota

BTCUSD (2h): situation chart.

11 feb 2018

Nota

BTCUSD (4h): update situation chart.

12 feb 2018

Nota

BTCUSD (2h): update chart. BTC maybe broke important resistance line.

17 feb 2018

Nota

BTCUSD (2h): update chart. be watchful. correction (shortterm timeframe) possible.