BTC break the Triangle and also 50 days Moving Average
Next Stop will be 100 Moving Average Near 11400 $ if it holds we can bounce back
If break we are going to 200 Moving average near 8000 S !
Nice Healthy Correction For Bitcoin
Next Stop will be 100 Moving Average Near 11400 $ if it holds we can bounce back
If break we are going to 200 Moving average near 8000 S !
Nice Healthy Correction For Bitcoin
Comment:
BTC again testing strong 10000 support level if broken next stop will be 9000 then 8000.
Healthy correction and good opportunity to buy bitcoin for long term targets.
Healthy correction and good opportunity to buy bitcoin for long term targets.
Comment:
When we are in a bearish Market FUDs are coming again and again so that big players buy cheap coins.
Today BTC falls duo to Tether problem and consider 20th Dec tax announcement in US, Bitfinex FUD, Korea FUD, India FUD and etc.
Do not panic.
200 Moving average day is a strong support currently around 8900$ we can bounce back there and also good opportunity to buy cheap BTC here.
But if BTC break the 200 MA we can meet 5000 $ BTC one again!
personally i think we bounce back around 8000 $.
Today BTC falls duo to Tether problem and consider 20th Dec tax announcement in US, Bitfinex FUD, Korea FUD, India FUD and etc.
Do not panic.
200 Moving average day is a strong support currently around 8900$ we can bounce back there and also good opportunity to buy cheap BTC here.
But if BTC break the 200 MA we can meet 5000 $ BTC one again!
personally i think we bounce back around 8000 $.
Trade closed: target reached
Comment:
finding support on 200 moving average day
considering market cap and news i think bulls are back in action
if we broke 10000$ resistance next target will be around 12K $ on 100 moving average day.
considering market cap and news i think bulls are back in action
if we broke 10000$ resistance next target will be around 12K $ on 100 moving average day.
Trade closed manually
New JP Morgan FUD
Korean Regulation FUD
And tomorrow BTC futures contracts expire, is it a coincidence ?
And Chinese Lunar new year is coming which many will sell their coins.
Today we saw a healthy correction in market cap!
here is the thing: if market cap reach 400 Billion Dollars and BTC break the 10000 support line we should expect bearish market at least till the end of march, else we can bounce back and aming for new ATH.
also the whole pull back for the market was necessary for next bull run so buy low and sell high.