BTC - We are consolidating at Top - The reversal will be there soon
Hello all,
The BTC is consolidating at his top and the reversal that I talked to you this morning is in preparation :
This reversal doesn't invalidate the UP trending. This is a healthy reversal and we should, after a touch on that support line, try to make new highs.
This scenario is invalidate if we break the second support line in blue.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Nous consolidons au sommet - La reversale devrait bientôt débuter
If I am not mistaken that's a 4h timeframe, wonder how the 1d to 5d graph looks, coz a fall of $500 is pretty drastic in the absence of fundamental news imho.
Yeah you are right this is the 4h timeframe.
Here is the daily chart.
We need at least to touch the MMA13 (fluo green) before continuing the up. This is at least my opinion. I wish you the best ;)
Thank you for extra work, indeed looks like priming for reversal. Likewise)
I'm not sure if this will be the top. Probably it will still go up till the fork. Why do you think we are at the top?
Hehe no one is sure :p
The fork is still far and that correction doesn't invalidate a new high after as I explained.
Why am I thinking that? Just by looking the chart. The volume is decreasing, we are not able anymore to go outside the bollinger, a correction is needed before continuing the up.
Everyday I'm checking up for a change to buy back into BTC. But I guess I will have to wait a little longer.
i heard from bitcoin investors and also from my experience, if i share my experience then, i will say that bitcoin is going to hit $10k this year.
What is your point of view?
Check my post about new cryptocurrency:
https://steemit.com/money/@aonraza/usd5-only-for-registration-and-5usd-for-each-referral-do-you-heard-about-sphere
Possible why not? We are at the half way between 5k and 10k so for sure it is possible.
yeah, but many people are saying that i will not go above 8.5k this year. Thats why i said that.
From a chart perspective it is really possible not it is just giving indicator. If you are waiting a 100% sure answer, I cannot give it to you my friend. Take care.
no no man, no one can be 100% sure about this. I got the idea. thank you.
Wow you are incredible bro. Thanks for upvote.
i am fan of you. you joined july 2017 and reach there. So great of you. Please open image in new tab.
You will see many traders jealous here my friend but at least I'm showing that I'm profitable. I'm investing a part of my profits from the market here on Steem.
And if you read my other publications, when I say that the steem will do a nice up, I'm buying STEEM also, I don't use only words.
Take care
yeah, new user can go up quickly buy buying steem power or delegated steem power. I recommend "delegated steem power for 90 days" for new users. I also made a post on this. If you have some minutes check my work:
@aonraza
Thanks so much for sharing ! Love charts
You're good. Congrats! Perfect.
Brilliant analysis dear. Keep going. Do u think we can see 10000 bitcoin soon ? Upvoted and following u as always.
Regards Nainaz
#thealliance