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

Could you update the new chart? Are we going to break the 7000 resistance now or it is just a pulback and will fall under 6000?
+1 Reply
@Tanin008, Okay I've just posted the update to bitcoin
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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.
Reply
Nice Analysis dude
+1 Reply
@rabbit22, Thanks bro
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