Bitcoin Bounce to 11K, then Drop Again

BITFINEX:BTCUSD   Bitcoin / Dollar
We've been following within the middle channel perfectly as predicted.

We just bottomed out perfectly on the lower trend line at approximately 9750. The overall trend is still bearish , however RSI and Stoch are signally close to overbought and so we can expect a small bounce to upper resistance. There is multiple higher resistance at 10850 (bottom of triangle), 11000 (steep downwards trendline ), and 11400 (middle channel upper range).

Bullish scenario: Only a break above 11400 will give strength to the bulls for a run to 12000. A break above this could yield a further run to 13500. I think this is less likely than the overall downwards trend.

Bearish scenario: Short between 11000 and 11400 (top of middle channel) with a stop loss of 12800. Target = 9500 (bottom of middle channel).

DE Deutsch
EN English
EN English (UK)
EN English (IN)
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
Startseite Aktien-Screener Devisen-Screener Krypto-Screener 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