BITCOIN: We need some more volume…

BITCOIN: We need some more volume…
January 22 21:09 2019

Finally, BITCOIN has completed the last 5th…and it has been done in a very accelerated way as I wrote yesterday. So high that it all has happened in a matter of 10 minutes. Let me show you the BTC/USD chart in the 5′ timeframe:

That is, a sudden and sharp sell reaching the Target Support (remember I wrote yesterday 3430 USD) follow by a continuous “Flow” of equivalent Buy orders (BOT?) triggering afterwards successive another more “human style” buy orders…

As a consequence, watching now the 1h-chart, the movement upwards has over-passed the previous level which indicates that BTC is probably out of suffering a “Pullback” which would be catastrophic…

…Instead we got some signs of recovery but, we are still “playing” with the same volume as lately…

Next possible moves of BITCOIN are very uncertain in my opinion right now… perhaps sideways is the most expected movement while defining a new path with upwards trend…

Another option which I hope we don’t see is a possible Head and Shoulder pattern which would push bitcoin below 3000 USD if triggered…

…but, as I said, we need more “data” and in order to evaluate this possibility right now…

Enjoy!

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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toofasteddie
toofasteddie

Superconducting Engineer working for the development of the Fusion Energy, Dad, Crypto-Enthusiast and Runner addicted. I am in a "Continuous Learning Mode" as well I am always willing to share my knowledge about the fields and topics related with trading, Cryptocurrencies, Blockchain technologies and Sports, in particular Running and Athletics.

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