Hi guys, I know I've been off a lot lately, I haven't posted since a while... I have other projects on the run, that's why, however I will continue to post here, not just as frequently as before.
Ok so don't worry guys, I still think bitcoin is in a bull market, however BTC is definitely in a consolidation phase, which is real healthy for the market. We maybe won't go under the 7.5k-8k area but I think there's a good chance bitcoin drop between 6k to 7k before continue to go at higher levels.
We just gotta be patient guys,I'm pretty sure bitcoin will go between 50k to 100k in the next few years before the end of this bull market.
Stay tuned for more updates,
Fred
Trade active
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9.5k is the real deal, big big resistance there. If we can't break it, possible return into the 6-7k area. However if we bitcoin break 10k it could really explode and moon. I'll keep you guys updated but for now bitcoin looks strong, staying in a channel between 6-10k. Be patient.
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We have a bearish double top formation on bitcoin and it looks bearish... Possible return to the 6-7k area in the next few weeks. I'm still overall bullish and I don't think we will go back under 6k. 6-7k area would be a great opportunity to buy more. However i'm not sure that bitcoin is gonna go that low. It could be a quick correction before testing 10k zone again.
Thanks again for this very good analysis, I admire this. I look forward to your future analyzes. Let's wait until the dust is settled for now.
If there is any way to get closer to your analysis / update frequency (Telegram or whatever) please let me know, I'm very interested.
I wish you the very best.
FrederickDupont
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@glcnunen, Hey buddy, thanks for those good words, keep me motivated to continue creating these charts. You can follow me on twitter if you want more updates on what i think of the crypro market @FrdrickDupont1
Daniel0903
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It's great to hear from you Fred! I'm looking forward to your updates and new ideas, keep them coming!