A 13K scenario.
Based on my analysis, bitcoin has a future. Yes! Keep you eyes in February 2020. I've just posted a similar idea few minutes ago for the Kraken exchange.
Based on what I see on this Bitfinix Weekly chart, Price should reach at least 12300 USD and possibly go and reach 13200 USD because I'm seeing what I'm calling candle calls on this week chart. And there are 3 bullish candle calls here (4 ones on Kraken exchange).
But be aware, there can be a possibility for the price to retrace to 6000 before reaching +13K. 6000 USD will be the floor from where a big jump may occur. In that case, it will be a 2 to 2.2X price up move. But let's hope not.
Another thing to watch is the USDT supply, it we see a significant increase on it,then it will tell people are preparing to buy many, and will be a real start for the up move to 12300-13200 USD target. Above that target I cannot know yet what will be the next big move of Bitcoin In a previous idea, I told the price will move down to 6500 max, let's hope it's that bottom and won't go there anymore.
I will not trash my bitcoins out, I'm convinced of a bright future in 2020. I'm not afraid of a 6K down move. I HODL.
Don't take my word for granted. Do your analysis, analyze again, then trade at your own risks.
Don't hesitate to subscribe to get new ideas, as they come. Also I would appreciate if you hit the LIKE button
Thank you
PS: sorry if I double posted this idea. I've always posted all my BTC ideas for Bitfinex. It's just I'm no more trading there, but on Kraken exchange, and forgot about that while creating the idea.
Based on my analysis, bitcoin has a future. Yes! Keep you eyes in February 2020. I've just posted a similar idea few minutes ago for the Kraken exchange.
Based on what I see on this Bitfinix Weekly chart, Price should reach at least 12300 USD and possibly go and reach 13200 USD because I'm seeing what I'm calling candle calls on this week chart. And there are 3 bullish candle calls here (4 ones on Kraken exchange).
But be aware, there can be a possibility for the price to retrace to 6000 before reaching +13K. 6000 USD will be the floor from where a big jump may occur. In that case, it will be a 2 to 2.2X price up move. But let's hope not.
Another thing to watch is the USDT supply, it we see a significant increase on it,then it will tell people are preparing to buy many, and will be a real start for the up move to 12300-13200 USD target. Above that target I cannot know yet what will be the next big move of Bitcoin In a previous idea, I told the price will move down to 6500 max, let's hope it's that bottom and won't go there anymore.
I will not trash my bitcoins out, I'm convinced of a bright future in 2020. I'm not afraid of a 6K down move. I HODL.
Don't take my word for granted. Do your analysis, analyze again, then trade at your own risks.
Don't hesitate to subscribe to get new ideas, as they come. Also I would appreciate if you hit the LIKE button
Thank you
PS: sorry if I double posted this idea. I've always posted all my BTC ideas for Bitfinex. It's just I'm no more trading there, but on Kraken exchange, and forgot about that while creating the idea.