alirezaark

alirezaark

in the last buyer getting weaker and in the other hand seller are get strong so I think it will be drop.

alirezaark

after price touch 7850 it could be drop at least to mid-channel and then to the lower band of the channel. the important thing is we see RD in price.

alirezaark

if price break the channel it could be a good time for positions my target is 7850. in this situation, I prefer to buy and avoid the short. I don't want to make position against the trend.

alirezaark

it's possible for the bitcoin that price go higher until to 50 or 61.8 of the Fibonacci and then drop to near 5000

alirezaark

as you can see in chart price complete the head and shoulder and now can drop to trend lend.

alirezaark

it was support that becomes resistance. price could drop more.

alirezaark

it's a weekly time frame be careful, I think price drop to 17.5 and then start the rally to 65usd.

alirezaark

opportunity to sell if the come back to the resistance zone and we see candlestick confirmation or sell pressure on that level

alirezaark

personally 90% of the time I wait for the clear entry point and then I trade now in bitcoin we have nice & strong resistance and support near the price, we should wait for the break out from on of these then we can enter the trade. what do you think? which does one break?

alirezaark

here we have three support for bitcoin , first one is the trend line and it might be the third touch, the second one is parallel downtrend channel and the last one is supply zone, of price break this level the next strong level is somewhere near 3000 and the next one is near 2000 the last one is if the price doesn't go up until the end this week we saw bitcoin...

alirezaark

price couldn't hold 7700 price and it's look like to want more drop, be care full.

alirezaark

it could be a good place for order buy but personally I prefer to wait for the last confirmation I mean buy pressure or candlestick pattern.

alirezaark

if the price can break the trend line it's the best confirmation for long position

alirezaark

it can be a good place to enter the trade but you should wait for the final confirmation ( buy pressure or candlestick pattern)

alirezaark

if we see bullish presure or candlestick confirmation in D or 4H time frame go long.

alirezaark

IT'S IN THE TRIANGLE AND IN THE FEW HOURS IT WILL BE BREAK OUT , if it's break out it's good area to buy.

alirezaark

look at the resistance (240usd) the seller are weaker than before and we have the highest high and highest low, it will be break the resistance at first then break the highest price in histori.

alirezaark

this cryptocurrency has harmonic pattern and it will be increase at least 149.5usd. stopp loss: 130 usd