BTCUSD (12h): Second idea of a trend line (Nr. 2 of a series)

Szenario 1:
Direct up with small normal corrections

Seznario 2:
SHS with a stronger correction and then up

What do you think?


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

See also Chart 1:

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BTCUSD (4h): update - a red week could be waiting for us...

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BTCUSD (4h): next week > a red week? ...

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BTCUSD (30 min): as expected, we touched 15400. chart adapted to new situation. more down possible.

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BTCUSD (1h): Sorry, but we're not in calm water yet.

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BTCUSD (30min): Next move down possible ...

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BTCUSD (2h): new possible short term trendline

www.tradingview.com/x/E29TGT7K/

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BTCUSD (3h): touch exactly the down point. now we are at an important cross between trendline 1 and 2. see above in the main chart.

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BTCUSD (2h): support line reached. shs possible. chart updated.

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BTCUSD (1h): short intermediate status ...

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BTCUSD (8h): the situation is a bit clearer. we see a strong support line from the past. if this support line becomes established, a further up is likely.

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close up in addition

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BTCUSD (4h): take a look at bitfinex and the situation will get a little clearer. as the world's largest exchange, bitfinex has the largest volume. there the extreme situations show up better. if you look at the lines, the picture gets a little sharper. we could expect a further upturn.

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BTCUSD (1h): situation chart ...

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BTCUSD (12h): update ... two scenarios are still possible.

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BTCUSD (12h): update ... raw idea of the situation ...