BTCUSD Pullback?Head and shoulders? Possible retest to trendline or monthly support? Over all target is 20k!
Usitech
BTCUSDAfter the retest, support tl was strong and it pushed the price back up, looking for a new retest again, and long to 18k! MAS crossed over!
BITCOIN 10K RET UPDATE Last analysis I provided my three overviews which were:
1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact.
2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133.
3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line (Support) crosses through.
Bitcoin 7.56% is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
*Update*
-> According to first overview, monthly support 9784 held and pushed the price to above our target (11133) to 11400.
-> After making all time high, bitcoin prefectly retraced to our 4h 38.20% fib level 9244, as told. Price found it's new support level and, now its back up to 11300.
-> Our next target is 12483 which is next monthly resistance level!
Could we do it or its a trap before major correction to 8000 level?
Bitcoin 10k retracement?Bitcoin just took off after 8314 consolidation zone! We have three overviews.
1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact.
2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133.
3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line(Support) crosses through.
Bitcoin is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
38.20% fib ret *Update*As mentioned in previous analysis bitcoin could retrace back to 38.20% fib, we almost took out out profit but the fib retraced! Perfect time to long till 8000/btc and over all target which is monthly resistance 8438/btc!
BTCUSDWill btcusd retrace to 38.20% before breaking the resistance (7085.20)?
Entries at 6634 (38.20%), or if it breaks the 7085 barrier and retests the new support, our target will be 8000/btc, and over all target will be next possible resistance 8435/btc!
BTCUSD UPDATEBitcoin approaching target, a lot of resistance, trend line is strong support. Go with the flow and long :)
BTCUSDWill btcusd retrace to 38.20% before breaking the resistance (7085.20)?
Entries at 6634 (38.20%), or if it breaks the 7085 barrier and retests the new support, our target will be 8000/btc, and over all target will be next possible resistance 8435/btc!
BTCUSD *UPDATE*Tl retest, -27% (fib) first target tip, next target 7k/btc.
Previous resistance tested, new support!
