expecting Bitcoin to price a volatile median between the orange and white fib rings.. high risk trading zones but with high profits if executed properly on lower time frames between the targets until an open interest squeeze.
I believe BTC is sliding to $30000 but it will bounce back from there. In longterm view, there's a parallel channel which I believe BTC is heading that way. so, I'm bullish in long term.
Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are here to Discuss about BTCUSD. BTCUSD is at a strong Support level. There is a small resting than it has Maximum Chances that it will drop. Because whales are afraid. And they want to sell there Holded Btc.
So next Month in important for BTC.
Keep in touch we will update further soon
Bitcoin may fall Heavily up to 22000$ or even lower retraces to its Fibonacci 61.8% or even 78.6% of its bullish wave and then we can expect some bullish continuation
I have specified its bearish retracement in a bearish channel
the other scenario is it may shoot up to 127% and 161.8% Fibonacci extension which is 50000$ and 62000%
it is just a raw speculation...
bitcoin hit golden zone from main downtrend fib 61%
but currently testing the secondary upside retrace fib on 61%
if can hold strong i expect would retest the ath
after my study in btc, i expect 90% chance btc will breakout the big breakout point MT
Btc have already test the 7428 MTN line.
week volume in green
day volume in green
we are above 2% week volume.
Waiting to see if our bullish idea for Bitcoin will pan out or not, seems a bit like waiting for a table in a really good restaurant. You're annoyed that you have to wait, you don't know if you'll ever get in, but you're really looking forward trying the food if you make it to a table.
In BTCUSD, we are just waiting.
Right now, the focus is on a possible head...
All the major cryptos have sky rocketed lately and ether is not sitting on the sidelines too. My view on it is similar to the one I have on ripple, 50~61,8% fibonacci retracement from current level is much needed to set cryptos on organic price movement pace to attract real investors who, in my opinion see the current situation as a last kiss before the big drop.
