BTCUSD (12h): Third trend line idea (Nr. 3) > 23800 USD

Let us look at the situation a year ago. We see almost a similar situation. BTC went down from Fibo 1 to Fibo 0.38 at that time. The market recovered quickly and the share price was then at the beginning of March at Fibo 1.23. This is also related to Chineese New Year. If we compare the situation, the market was much more sceptical about Bitcoin a year ago. Don't forget that. And today: Bitcoin launched a new technology. Lightning could be the 2018 Game Changer.

Even if many see a further correction, an longterm upward trend could already start now. That's why I re-entered at ~10,000 USD yesterday. Always with the certainty of quickly dropping out in case of a possible correction. Currently, the forecast is still vague, but possible.

Possible Targets:
Resistance at 14.900 USD
Fibo 0.78 at 16.400 USD
Fibo 1.23 at 23.800 USD


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


See also:

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BTCUSD (15min): update and close up: ishs possible.

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BTCUSD (15min): update - little shortterm correction possible. rising wedge. if restistance breaks more up also possible.

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BTCUSD (15min): update - support broke. be careful ...

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BTCUSD (15min): update - strong resistance line touched. could be the start of the second correction wave. just for info... i took profit. watching now what happens to re-enter.

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BTCUSD (30min): update - current situation ...

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BTCUSD (30min): update - current short term situation ... trend could be still more down.

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BTCUSD (4h): update - way down to the next support line open.

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BTCUSD (15min): update - be watchful. rising wedge at 15min chart. low volume.

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BTCUSD (30min): update - we saw 10371. be further watchful. resistance is near. more down still possible.

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BTCUSD (1h): update - situation chart

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BTCUSD (15min): current situation chart

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BTCUSD (15min): update ... still in turbulent water

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BTCUSD (1h): update - possible up to the resistance. lets see.

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BTCUSD (2h): update - shortterm trend channel could still work.

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BTCUSD (2h): update - shortterm trend channel still works.

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BTCUSD (1h): update - situation chart. btc at the support line. if it breaks, more down possible.

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BTCUSD (1h): update - situation looks not bad. btc passed important resistance line. more up possible. trendline in the masterchart above works.

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BTCUSD (12h): 12h view in addition

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BTCUSD (1h): situation chart ...

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BTCUSD (1h): situation chart ... btc touched the support line exactly. if the line is strong enough, we could see a pullback.

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BTCUSD (1h): update chart ... the situation has not yet been cleared, but the main resistance line has still kept up. in principle a slightly positive sign.

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in addition... sorry. a mistyping. not "resistance line", of course supportline. the purple one.

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in addition 12 h view...

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BTCUSD (30min): situation chart ...

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next chart of the series here: