Bitcoin - technically very BULLISH

2018年2月3日

Yesterday I made a TA to get my own opinion where the bottom for BTC could be.
From a technical perspective the BTCUSD chart looks very bullish to me atm and we also got a small upwards movement since touching these supports. So around 7.5k could have been the bottom. Below a list of bullish signs.

Bullish Signs since yesterday:
- fibonacci retracement level 0.382 support
- EMA 20 on EMA 100 support
- high from 08.11.2017 at 7.9k support
- RSI at around 30 -> historical support
- perfect ABC Elliot Wave correction

If we can't keep the ongoing (small) uptrend, fall back and break through the mentioned supports then we are heading to the very important support zone of 5.5k (trendline support & low of 12.11.2017 at 5.5k support). This could happen if there is even more/worse FUD..

I will keep you up to date regarding this analysis! :)
Feel free to ask questions or comment

2018年2月4日

註釋

Uptrend got broken - possibility for double bottom:

2018年2月5日

註釋

Technically bullish signs all broken.
Take a look at my further analysis, I also explain why, in my opinion, we are having such a heavy correction atm: