BTCUSD right now is much stronger than anticipated just a few tradingdays ago.
Chartpattern shows now that the inverted Sead & Shoulders Pattern us succesfull completed and giving more room and momentum to the upside.
Short term target is 11k. Also BTC could accelerate momentum and rise to 12k in one, direct move from now on.
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BTC @ 10.900. First traget almost reached.
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BTC @ 10.900, ready for 11k and following spike to almost 12k:
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First Target reached: BTC @ 11k, unexpectedly.
Trade chiuso: stop raggiunto
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BTC @ 11.250: 0.382 Fibor Retracement
Holders for sure don´t like to hear this. BTC now is answering same way to Fibo Retracments than any other markets. BTC now belongs to the "Establishment" of all traded major markets. The Chart is showing how BTC responded to the 0,382 retracments. This happened so precise and fast that it easy to anticipate: Algos now dominating BTC like any other market as well.
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BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading.
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BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading.
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BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading.
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UNCH: BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. BTC is following now pure technical trading.
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UNCH: BTC: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. Patterns seems like completed. Break out to the upside. Next target 12k.
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BTC @ 11.135: After reversal @ 0.382 fibo-retracement level BTC now forming a triangle pattern. Patterns seems like completed. Break out to the upside. Next target 12k.
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BTC @ 11.400. Intraday charts showing, how precise BTC stopped at the 0,382 retracement several times. Than also charts are showing several attempts to cross 11.250. The break out was impressive.
Next target should be now 12k or later 12,9k (0,5 Fibo Retracement)
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Latest News/Rumors: Bitcoin nearly doubles in value from year's low hit in early February
Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea's financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges. Analysts cited South Korean news agency Yonhap, which reported Choe Heung-sik, governor of the Financial Supervisory Service, as saying that the government will support cryptocurrency trading if "normal transactions" are made. Reuters is unable to verify the Yonhap report. investing.com/news/cryptocurrency-news/bitcoin-nearly-doubles-in-value-from-years-low-hit-in-early-february-1281870
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Trade closed: BTC stopped upside momentum @ 11.800, reversed and falls back below downtrend.
SL triggerted @ 11.550.
re entry if BTC cross downtrendline to the upside again.
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Bitcoin Rises Despite Regulation Concerns
Regulators have taken an increased interest in the digital currencies. On Thursday New York Fed President William Dudley described cryptocurrencies as “dangerous” and that there was a “speculative mania” about them. U.S. regulators are investigating the Bitfinex exchange over its links to digital coin Tether, amid fears that it is being used to artificially inflate bitcoin prices.
Meanwhile in Germany, the Federal Financial Supervisory Authority (BaFin) was planning a “case-by-case examination” of ICO tokens, while France’s Autorite des Marches Financiers, the country’s top financial watchdog, has announced all cash-settled cryptocurrency contracts are subject to the country’s strict derivatives laws as well as an advertising ban.