Boonado16

Boonado16

A EOS/XBT forecast for my own record.

Boonado16 Updated 

The chart shows retracement values of BTC in Q4 2018. For my records.

Boonado16

The alts market is getting stronger and $BTC shall regain slightly before we see traders taking profit from a higher $BTC. With stronger market sentiments, I see $BTC regaining up to $9K USD before dipping back down a level or 2 to form an inverse head and shoulders barring any fud from US China trade war.

Boonado16

I drew this chart on 19 March... like many i did hope to see $BTC break back into the 10K+ region, but volume have been weak and it couldn't break the 9.1k resistance. At the moment with USA and China engaged with some unpleasantries of trade war, BTC shall follow trend and hit the bottom channel line, if it pierces thru the channel, we should see a lower low at...

Boonado16 Updated 

On a macro level... $BTC is trending within the upwards channel. I have drawn a likely scenario where it should bounce within the red box at each fibo level. Until a breakout... which is not in sight yet. The lowest is at $8105 to highest at $11,861, currently its sitting on support near $8823 levels...

Boonado16

I do expect further downside since we have broken the resistance level at 9.5K.... it will probably hit the next supporting level at approximately 7.2K levels.

Boonado16

BTC is most likely to fall back to support at 9.5K... unless the the candle completes back within the rising wedge and breaks 11.8K resistance line. We should see a breakout to 13K if the bullish scenario happens. But i think a short to 9.5K support is the most likely outcome this week.

Boonado16

BTC