Bitcoin Retraces Hits Oversold - 4H [TIME TO BUY BITCOIN]

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin’ is retracing as I mentioned on the 27th October on my last Bitcoin’ update. What to do next?

- Just like last time, we've entered oversold on the RSI . Each time Bitcoin’ hits this level, it bounces and starts to move up.

- June's low trendline is working as support.

- Buy in range: $6200 - $6350 for long.

- LONG TERM Bitcoin trade:
- Next target: $6500 (short term) followed by $6800.

- Next support: $6300 followed by $6200.

- Thanks a lot for reading. More updates coming soon.

Please like, share, comment and follow if you enjoyed this buy notification.

Oct 29
Comment: Daily time frame:
Oct 29
Comment: Thank you all for the amazing support.

Let me add that he conventional markets reached ALL TIME HIGH, and are crashing: stocks, indexes, etc. and cryptocurrency has reached some DEEP LOWs, it is starting to move up.

So let it drop some more, just make sure to buy up as much as you want.


Oct 30
Comment: More reasons to buy Bitcoin (hidden bullish divergence spotted):
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Related Ideas


look at your pathetic analysis... call LONG on every crypto and if one pumps u lure more noobs into your pathetic subscription. did you go LONG at 6600? i highly doubt that. will you go LONG at 6200? doubt that you just post shit never trade
+19 Reply
oh boy haha. you still dont learn.
+12 Reply
CryptoManiac101 ChartsOnTime
@ChartsOnTime, If you don't agree with his idea, just don't look at it and don't FUD over it. I for one believe that Bitcoin will have boost up this November and you're ignorant if you dismiss everything that is happening in the economic world.
+2 Reply
ChartsOnTime CryptoManiac101
@CryptoManiac101, I am a trader not a charter. I trade forex so yes I know what the economy is today and I used to trade stocks before. I am shorting the market and I have been based of bigger time frames. I started at 17k when the daily showed weakness, then shorted around 8.1k when the weekly showed weakness, now the monthly is showing weakness for that I am shorting the market again. Time will tell. It is just funny how the Top TAs are clueless most of the times. haha
+13 Reply
tearliner ChartsOnTime
@ChartsOnTime, these guys are TOP TA’s because crypto market became joke full on moonboys who hopped in last november
+7 Reply
@ChartsOnTime, Blows my mind every time I look at the top TA'S
Another big mistake, calling the bottom all the time! I told you in previous BTCUSD idea, that Cryptos are still bearish and even more to come! Just watch your shared "shit" coins now..
+9 Reply
Retracing almost 100% of the last bullish impulse. Is it still called retracing/a correction? ;)
I guess - no.
+5 Reply
alanmasters ShotaMegre
@ShotaMegre, I mean go back when I write retrace. Sorry for the confusion.
Current bounce upwards came from the trendlines crossing area.
PRECISELY from the wick to wick:
- The major down trendline since March 5. and the second touch 25. July
- The major counter trendline since August 14. and the second touch October 12.

It pushed the price back inside the triangle and to get full confirmation from 4h candle close then we have to wait for another 1.5h. Yes, those are long minutes to wait but if we don't catch this Bart move quickly (Bart move is a movement down, a little consolidation and quickly back upwards, like the Bart Simpon haircut :D) then we may fall below this crossing area and that is a very bad sign. We may stay there for a pretty long time and that is not healthy for the whole market! Retail traders can't ever push the price back up if it falls below the crossing area, only ones who can push the price up above the crossing area are the market makers and who knows when they want to see higher prices.
I try to keep You updated, hopefully, it helps You out a little bit to confirm your own research!

All the best!
+4 Reply
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