idbb1
Short

Bitcoin to test $3,000 — Probable bottom at $1,850

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As Bitcoin is in free fall and trending in confined range, the price will bounce between $3,000 and $3,500.

If the daily candle closes below $3,000 at any point, the test of $1,850 (S2) is highly likely as there's literally nothing in between to stop to price from falling.

S2 is the major support established in July 2017 which was the start of the Bitcoin run up.

Short-term outlook is to short BTCUSD at around $3,525 with a target of $3,000 with stops around $3,625.

Mid-term outlook is to short BTCUSD at around $3,450 with a target of $2,050 if the price closes below $3,000 at any point with stops around $3,150.

Mid-term outlook #2 is to long BTC at around $3,025 with a target of $3,475 with stops around $2,925.

No long-term outlook at this moment.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out