BTCUSD free fall or rebound?

17 Mar 2018

In my opinion there are two possibilities right now:

1st) 7871 cant handle the pressure and will give up so the market can fall down to the 6k area again. If the market will rebound there we may see a bottoming.

2nd) the market rebounds at the 7871 area and makes a higher high with the 12968 zone and starts a new uptrend

Interesting fact: the two times where the market tried to hit the 12k area are exactly in between the 50% Fibo from the previous long downtrend!

In my opinion 7871 will get broken and the market will fall down to the 6k area again.

18 Mar 2018

Not

seems like 7871 support couldnt handle it - like expected. the market is now close to the lower trendline. i am expecting a break from the lower line. i will keep you updated

18 Mar 2018

Not

remember: we still have an open GAP at 8,5k level. this level is a resistance at the same time. i could imagine to see that GAP getting closed.

19 Mar 2018

Not

This up move could be the GAP close i was talking about. its actually not closed exactly but good enough to accept it. lets now see if it really was only a GAP-close or the start of a bigger up move

19 Mar 2018

Not

the GAP is finally closed. lets see if it continues to fall again

21 Mar 2018

Not

for now it looks like the rebound option got selected. if 8963 cant handle it we will most likely see the 10k soon

21 Mar 2018

Not

we may see a 8963.p rebound

29 Mar 2018

Not

the market is close about to make a new low which would be perfect for our planned target at 6k!

30 Mar 2018

Not

we are about to reach the 6k level!!

3 Nis 2018

Not

the change from downmove to upmove at the 6,4k level could be counted as the second deep of the bottoming. if its that its for sure not the most beauty double bottom but technically it is ok. its actually a good sign if the 2nd low from the double bottom is higher than the first one -> chances are higher for a real trend change!