FrederickDupont

Why Bitcoin Will Crack 6000$

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
2 things : Bounces and volume . First, we can see that from the 6k base, bitcoin has had 4 bounces which are smaller & smaller and weaker & weaker. This indicate that this base lose strength and that we should not be surprise to see the 6k base not be able to hold the price. Second, the volume is lower & lower on each bounce. This also mean that this base lose strength and that less and less buyers are there to support the price at this level which eventually should lead to a base crack.

So, on a technical perspective, probabilities are for a 6k base crack soon. To what price ? I don't know, but I expect at least 5k. Just buy the drop guys.

And remember, the more you put pressure on a support or a resistance, the more it should break.

Stay tuned for more updates,

Fred

Comment: Ok so as expected the 6k base has been craked last week. I think this is the capitulation phase, I'll publish couples of analysis this week so stay tuned !
Thanks for your analysis. Well done! I rarely see an analysis embracing the reality. Feel free to visit mine.

Have a nice day!

+2 Reply
FrederickDupont EduardZimmermann
@EduardZimmermann, thank you :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out