Bitcoin is starting to teeter on the border to a bullish trend reversal.
The probability of a pump is high within the next 1-3 days. If we can get to a price above $24944.90 USDT/BTC then I would feel safe enough to claim a bullish market trend reversal to at least $29415.43 USDT/BTC. We might see another dip at $24k.
Key Takeaways:
My last dump prediction was 100% correct:
As you can see, the moment we went into the "danger zone" we instantly dumped, hard. The "risky zone" was a perfect place to stop loss.
This Is Not Investment Advice. No ideas that I post are to be considered investment advice. DYOR
The probability of a pump is high within the next 1-3 days. If we can get to a price above $24944.90 USDT/BTC then I would feel safe enough to claim a bullish market trend reversal to at least $29415.43 USDT/BTC. We might see another dip at $24k.
Key Takeaways:
- The $19k support has proven strong for the fifth time since March.
- Last daily candle is forming a very nice hammer. I expect a big fat green candle within the next hours to few days.
- Daily RSI is in uncertain area but not anywhere near overbought.
- Volume seems to be picking up. I expect higher volatility within the next 1-3 days. Hopefully a pump.
- The Ichimoku Cloud is showing me the green light to buy soon. I would consider above 22.5k a safe place to not worry about bearish reversals.
- Resistance lines are calculated by the mathematical Fibonacci sequence of the last bear market. I do not think it is wise to buy/sell anywhere near too close to the lines. Expect price dips/pumps in those areas.
My last dump prediction was 100% correct:
This Is Not Investment Advice. No ideas that I post are to be considered investment advice. DYOR
Comment:
The FOMC FUD is whats fueling the sell off. No panicking. Enjoy the cheap coins.
Comment:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
