2 hour / three potential short term moves

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Breakout rejected at 16k. Just bounced off the 0.5 fib line (~$14,500). Three ideas.

1/ new channel forming where we see another test of the 0.5 fib before bouncing to 17k.

2/ same as 1 but we break down through fib support to $13,000 maybe lower.

3/ the 0.618 fib and bottom trend line may work as an ascending triangle , in which case we could expect a fairly rapid push up from current levels to maybe $16,500.

See my latest 4 hour Ichimoku chart for crossover possibilities. Number 3 probably the most likely in my opinion.
Comment: Attempted to push up. Korea fud seems to have been a trigger for a pullback. Tested bottom of channel which held for now.
Comment: 1 and 2 still in play here.
Comment: 2 it is. Next stop $11,000 or move back up to test 0.382 fib ($13,000).
4hr head and shoulder
jawpilot23 hinesy30
@hinesy30, Yeah would make sense, same idea as number 2 above
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 House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out