Hello, we see this FOMO breakout from yesterday Tether news, but what exactly it was? Well on the chart we see big resistance (yellow trend), and price still under this line. As we know from the past $6800 is very important Resistance/Support level, which can be used as bullish entry for this year. Now price under this level on every exchange. Price in a range of $6400-6800 (some exchanges are $6300-6800)
CMF moving in Descending Wedge pattern:
Moving Averages on Daily chart acting like resistances
^And as you can see on some exchanges price still Under Resistance of Yellow triangle.
So my point is to going long on strong breakout of 6800 on most liquid exchanges, targets as shown on chart. Untill that moment - stay away from any active ALT_USD position.
This is my Bitcoin Price Prediction! Good luck and have fun!
@cycler, he did Long break of 6800 short break of 5700. no trade Zone within. Good Traders do guess a prediction they trade Setups and with the differences in where we based on the Exchange safest would be confirmed breaks of stong Support and resistance Zone which he provided
cycler
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@IceCold_, hmmmmmmmmmmm...... that is not what a prediction is. its ok. its better to short the top and long the bottom, and if you miss it just wait. there always another bottom.
NTEC
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Now is the most opportune time to enter a long position
pkb6698
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- The three stars in the chart seem to be similar.
- There was a price increase due to the Tether problem yesterday.
- I think that issues are creating charts, and issues are needed to make charts. I think this rise is tending to the latter.
- If today's and tomorrow's closing prices are held to a certain extent, as the idea suggests, we can expect to see price increases on the October 26 CME expiration date.
CBOE(4.18.) Closing price < CME(4.27.) Closing price
CBOE(7.18.) Closing price < CME(7.27.) Closing price
CBOE(10.17.) Closing price ?? CME(10.26.) Closing price
TheAlphaTrades
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Thanks for your work!
Here's the Oct 16 analysis. In this I discuss the current PA being a stop before the drop | $5500 active | Bulls not defending strongly | Weekly unchanged:
PoupeBitcoin
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PoupeBitcoin
POINTS POSITIVE...
- Formation of top higher than the previous.
- Disruption the Triangle.
- RSI + Stoch above 50%.
- MACD Crossing.
- Increase of volume.
PoupeBitcoin
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znog
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BTC vs real USD just briefly went to 6800, but never stayed over 6500. I don't think BTC/USDT can give any reliable prediction right now. The picture is different when considering actual COINBASE:BTCUSD
NuclearFridge
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Nice to see some common sense. There is simply no way btc will go below 6000 from where we are now, it needs a crazy swing upwards first in order for a possible fall to cause enough psychological damage. But is it possible for it to fall below 6000 after a crazy upwards swing, after breaking resistanse? It is possible, but highly unlikely.