BTC short next target is 3500$

COINBASE:BTCUSD   Bitcoin / Dollar
848 10
Update of my previous analysis.

Btc is still in a down trend? the tirth leg dow is in formation.
next traget is the support level around 3500$
Looks like we broke your resistance line.
harragDZ hypheonix
@hypheonix, Hi, it seems so. However am still hesitant and tend not to jump the gun.
I think because a lot of ppl here are saying it is bullish drove the price up but not for long(we need big players).
an uptrend is confirmed for me above the 9400$
+1 Antworten
hypheonix harragDZ
@harragDZ, Hey so I think a lot has to do with market sentiment. So if we're looking at social indicators for BTC right now there's a lot of Bullish momentum coming up in the news. As much as we all like to think crypto doesn't operate on Mainstream media, it totally does, lol. If I were still seeing a bunch of fud like the past month I could believe another drop to ~6k but with all the governments starting to back off it's looking like the opposite.
+1 Antworten
harragDZ hypheonix
@hypheonix, totally agree. I like the idea of a social indicator. maybe I should develop the SSI (social sentiment indicator) which take the news coming from different sources. Weight if it is positive or negative using machine learning technics and give a value between 0 and 1. 0 very negative sentiment and 1 strong positive sentiments.

+1 Antworten
A lot of ppls are advising to buy BTC. For me i am sticking to my initial plan. To go long it has to break the resistance arc
What all your bears are forgetting is, people don't want to sell now after the postive Senate metting : Others who took in Tuesday's hearing highlighted another cause for celebration: that both lawmakers and regulators seemed to agree that cryptocurrencies are here to stay : https://www.coindesk.com/bitcoin-crypto-us-senate-hearing-february-2018/
I would be very carful shorting now
harragDZ crypto008
@crypto008, we'll see, but for now it is still bearish. We go bulish when it breaks above the resistance arc.
5K, then rebound, then 3K.
If still will be low action and low demand, than 1.8K is possible.
harragDZ ja.piotr.bor
@ja.piotr.bor, yeah 4800k is the first rebound maybe to 6k then target the 3500k
+1 Antworten
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