TomProTrader

BTC/USD - Retest Of Structure

BITSTAMP:BTCUSD   Bitcoin / Dollar
What's up traders,

Here we have BTC/USD on the 4H chart.

BTC/USD has completed a correction move recently, and has since began rallied to the upside, breaking our previous side-wards resistance at 14780 and giving us a nice profit (See related ideas to see previous analysis.). Price has now found a secondary secondary resistance channel, and I am expecting a new pop to the upside.

Since price broke to the upside, it has once again retested the horizontal support level . Price has now formed a double bottom on the 4H chart.

I believe price could have a double bottom here, and a break of the newly found side-wards resistance, would also simultaneously break the doublt bottom neckline. This could be a good launch pad for further upside.

There is 2 ways this trade will play out, I have outlined these below:

-Price retests the horizontal support, rallies and breaks the new side-wards resistance at 14500. Price breaks the resistance and retests resistance as support before the new up move.
-Price stalls at the side-wards resistance level and retests the horizontal support zone , before an up move later.


In my related ideas, I have posted my other recent Cryptocurrency ideas. I recommend taking a look so you can fully understand how I came to my new Cryptocurrency analysis.

I will be updating this analysis if it exceeds 40 likes.
Kommentar: BTC/USD moved up exactly how I predicted in this analysis!

I will be posting a brand new idea post on BTC/USD today, if my XRP/USD idea achieves over 100 likes!!!

Big well done to everyone following my ideas lately, you've caught every single move with Bitcoin with pinpoint accuracy!
Kommentar: I have posted a brand new idea just now on BTC/USDT on my TradingView profile!

Take a look at my updated analysis on my profile page!
TomProTrader KhaledAbdulaziz
@KhaledAbdulaziz, haha. Thanks for sharing. :)
Antworten
@TomProTrader Thank you man ! You ROCK !!
+1 Antworten
@Otto87, Ty!

Merry Christmas!
Antworten
Merry Xmas Tom and happy holidays
Thanks for updates!
My trendline comes up just a bit little higher than yours and banging on it right now and rejected. Wondering if we head back to support, otherwise breakout to 16k’s. We shall see!
+1 Antworten
TomProTrader Buzzligh1year
@Buzzligh1year, Yes, also watching to see if momentum continues at this key level !

Happy Christmas!
Antworten
Buzzligh1year TomProTrader
@TomProTrader,
Rejected and downwards. But I’m seeing higher lows in general.
Antworten
So you are thinking a sell around 16 then rebuy @13.5?
+2 Antworten
@DOYAM, Something like that.
Antworten
Tom well prediction all the way, keep it up
+1 Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
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
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden