Joseph_Yabwa
Long

Bitcoin Update! BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Following my last forecast on bitcoin , it is now presenting us with another buy set up and this could be the move that will help us complete wave 5 of this correction just above 8k and from there I expect the market to give us one more leg to the downside where we have a trendline support just before our previous structure low and either of them could help up us resume the long term bullish trend .

I've also attached my last analysis on bitcoin below.

Any comments and opposing views are welcomed

Comments

This is good
+1 Reply
@lucash, Thanks bro
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@lucash, Thanks for the comment & like
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Just need a whale to jump in with a possible fake bear break and then a big pump to 8k.
+1 Reply
Hey bro thanx for your TAs👍 dont you think that down leg will happen before breaking the 7k resistance? Since the 7000 resistance has been so solid?
+1 Reply
@Tanin008, Yes that's possible but the odds are in favour of a move up based on the current market structure. Yo are right about the 7k region being a trong resistance so the move up could come in the form a spike and then we'll head straight back dowm.
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Nice Analysis dude
+1 Reply
@rabbit22, Thanks bro
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Yeah that’s a possibility, I also think we will see 8k very soon
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