TomHall
做多

Bitcoin - Eyes On $8,000

COINBASE:BTCUSD   比特币/美元
Currency Pair: BTC             .USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Long

Live BTC             .USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
评论: Daily & 4hr TF 38.20% pullback, i will send out updates should a reversal ( short ) opportunity occur.
评论: I nice strong intraday rejection of the 38.20% however a daily candle close is required to confirm.
评论: Textbook moves.

Bears are trying to suck people in only to dump their coins on them at a later time. Don't fall for it. Don't buy.
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Let the bears eat their shorts. Don't buy. If it is going to go to 4k, then let's get it over with already. Don't buy.
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fantastic analysis, wasn't in this trade unfortunately!
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Wow, Tom. Please teach me your ways of Analysis.
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Good job as always Tom! I think we are nearing a tipping point. If bitcoin breaks the trendline from July 2017 to present I think we may see it eventually head to the $800 level.

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@Smoak, Thanks very much.
I agree, i see continued downside into Q2
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Thanks
5560 could be a good entry for long

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@utechs, Certainly possible, a great entry given structure.
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I think we will retest 6K from February

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TomHall bilo2000
@bilo2000, It's likely, we will see if a daily breakout occurs.
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