BTC - Is the bottom in?

COINBASE:BTCUSD   Bitcoin / Dollar
350 1
Doom and gloom forecasts everywhere I look, and they could be right. But if the bottom is in, could this scenario play out?

I'm still learning, so don't trade on this. Just imagining a contrarian viewpoint.

Kommentar: If I'm correct, and I could be wrong, this might be how we play out in the very short term.

Of course, BTC could roll over and die as well. Don't trade on my newb TA. My contrarian viewpoint continues though.

(This is an XBTUSD chart that I'm using to track my trade so the prices might be different than the main chart above.)
Kommentar: I'm not throwing in the towel, yet.

We wicked off the .786 and settled on the .618 retrace lines before bouncing off. If you look, both 1 waves, the large and smaller, were mostly impulsive according to the Heiken-Ashi candles, both correction 2 waves were swift moves down as well.

I think tomorrow will tell. If we can get a big impulsive push upward, it could mark a reversal. Or a bull trap. Who knows...

Anyway, happy trading.
Wave 3, of wave 3, of wave 3, on the three-minute chart, gives us a target of somewhere between the $10,300 - $10,500 area. We'll see what happens. My stop loss is set and I'm going to bed.
Trade geschlossen: Stop wurde erreicht
no, it's in a downtrend channel, bottom is 8000 dollar in my opinion
+1 Antworten
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