BTC/USD, Bitcoin can Hit $8500 and start a pullback after

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is close to a key level $8506 I think the price will hit it today or in 1 -2 days.

Mostly price moves with cycles
Accumulation > Move > Pullback (2nd accumulation) > 2md Move. Some instruments can repeat such cycles many times.

BTC made a powerfull up move without any good pullback, I don't believe that big player will let the public make a lot of money. They will come back for their stop losses or breakevens.

That's why I will pay more attention to BTC/USD and its reaction on $8500
Comment: Price is still bullish

I wait how it will react on key level $8506
Comment: BTC Still bullish, Hold buy till key level
There is no signal that price will return

Comment: Price still bullish
You see ho many candles bounced from Red level

Still, wait for price reaction on $8506

Comment: Price still bullish as you see on the chart, the price bounced from upward line
It looks like price will continue up move

I still think that price can start a pullback from $8506 but we need to see a price confirmation

How it could look on charts

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I couldn't agree more...your charts match mine almost exactly.
+1 Reply
another pullback call :D
Yuriy_Bishko allkrystals
@allkrystals, Yes)
After BTC pullback the BCHUSD pair will also have a correction? Or you think it will does that BTC did?
Yuriy_Bishko relawiszcze
@relawiszcze, Yes they will have
it has already hit 84** on coinbase... It will hit 10k soon bro..Thanks
Yuriy_Bishko sdahiya117
@sdahiya117, important to see how the price will react on a key level $8506. Many Sellers hide their Stop Losses above. Their Stop Loses will bring new volume for big players
sdahiya117 Yuriy_Bishko
@Yuriy_Bishko, Thanks bro
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