Where is #bitcoin going after erratic nature? Up or down on $BTC
I see some price correction before another major huge bull run.
I see a bearish divergence. I see volume decreasing while the price increased similar to last time (as marked by the downward blue arrow).
I am hoping 0.38 fib (or about 11200) will be support for rest of 2019.
If the price does fall below, then we might see a kind of parallel downward channel forming. Considering how much bulls took over with large volume, I will be a huge buyer anything below 10355. And, 9614 is possibly recent low for the year. Unless price crosses and closes (without wick) over 0.78fib (and to be on the safe side over 0.61 major fib - 13346), I am cautious. Just my 1 Satoshi
If the price goes to the BTFD region, I am buying like crazy (possibly).
However, I doubt we will see the BTFD region again. If we do, it is a good indication actually for the bullish market overall. But, considering how things are going, I might have buy orders at the following values:
0.5fib -> 11394
0.38fib >11243
Kijun -> 11747
Support line -> 11200
On the upside, I might have stop buy order at 13,000 for 13,800. That is 800 USD price increase. With 5x, that is 4,000USD profit.
Anything in the bear region is resistance right now!
The bottom red trendline needs to hold for the overall price increase. If the price falls below that, I might convert my holdings to dollars.
The cloud can also act as a support when the price tries to fall below.
And, the Tenkan-Sen and Kijun-Sen can also be a good support.
I see a bearish divergence. I see volume decreasing while the price increased similar to last time (as marked by the downward blue arrow).
I am hoping 0.38 fib (or about 11200) will be support for rest of 2019.
If the price does fall below, then we might see a kind of parallel downward channel forming. Considering how much bulls took over with large volume, I will be a huge buyer anything below 10355. And, 9614 is possibly recent low for the year. Unless price crosses and closes (without wick) over 0.78fib (and to be on the safe side over 0.61 major fib - 13346), I am cautious. Just my 1 Satoshi
If the price goes to the BTFD region, I am buying like crazy (possibly).
However, I doubt we will see the BTFD region again. If we do, it is a good indication actually for the bullish market overall. But, considering how things are going, I might have buy orders at the following values:
0.5fib -> 11394
0.38fib >11243
Kijun -> 11747
Support line -> 11200
On the upside, I might have stop buy order at 13,000 for 13,800. That is 800 USD price increase. With 5x, that is 4,000USD profit.
Anything in the bear region is resistance right now!
The bottom red trendline needs to hold for the overall price increase. If the price falls below that, I might convert my holdings to dollars.
The cloud can also act as a support when the price tries to fall below.
And, the Tenkan-Sen and Kijun-Sen can also be a good support.
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