BTC price dropped 100% in price from Nov 12th to Dec 12th 2018
Since then it has been rising slowly in price
It might take 140-150 days to recover or surpass the 6400 price level
Do I think it was a random drop of 100% followed by a 100% rebound? Don't think so.
FOMO is on the air
Bitcoin may cross this historical price very soon, 6400, and then we expect a pullback.
Thanks for the likes, and good luck in your trading
Since then it has been rising slowly in price
It might take 140-150 days to recover or surpass the 6400 price level
Do I think it was a random drop of 100% followed by a 100% rebound? Don't think so.
FOMO is on the air
Bitcoin may cross this historical price very soon, 6400, and then we expect a pullback.
Thanks for the likes, and good luck in your trading
Trade active:
Bitcoin may touch $7000 before a pullback, that level has a major resistance, the 200 Moving Average (Pink line):
Trade active:
Bitcoin moving up as predicted
Comment:
Bitcoin touching 7000 as predicted
Trade closed: target reached:
Closing long position here. Bitcoin reached 7500 and now a short pullback is due. Notice that the price reached the 200 EMA which acted as a resistance:
