Levels To Buy Bitcoin - BTC/USD

Bitcoin / DollarBitfinex

Description

⋅ Mar 28, 2020 8:58 AM

Bitcoin is looking extremely bearish following the bearish breakout below a short-term bullish trendline.

What's visible in the Bitcoin chart is the Adam and Eve double top that is definitely plaguing the market and encouraging more sellers to dump their BTC holdings.

The price levels that we will be buying Bitcoin are as shared below.

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First target : 5100 - 5200
Second target : 4400 - 4500

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Comments

ArShevelev

⋅ Mar 28, 2020 1:00 PM

Yes, it is possible move, but IMHO we are facing possible bear trap in this move. Cause this Wedge looks too predictable for everybody.

cryptoezvip

⋅ Mar 28, 2020 3:49 PM

@ArShevelev, I hope you are right too. Let's see how it goes. :)

UnknownUnicorn4306966

⋅ Mar 28, 2020 4:12 PM

@ArShevelev, good point. :)

Protixder

⋅ Mar 28, 2020 10:25 AM

cryptoezvip

⋅ Mar 28, 2020 3:52 PM

@Protixder, nice chart, keep sharing.

transparent-fx

⋅ Mar 28, 2020 7:21 PM

BtcUsd has some interesting price action, this is my view

UnknownUnicorn4306966

⋅ Mar 29, 2020 5:39 PM

@transparent-fx, thanks for sharing

Protixder

⋅ Mar 28, 2020 10:25 AM

Good work!

Protixder

⋅ Mar 28, 2020 10:20 AM

Bitcoin about to recovery back.

UnknownUnicorn4306966

⋅ Mar 28, 2020 4:01 PM

@Protixder, yes indeed. We could see a drop to 5991 and/or a very short-term bounce to the 6420s but unless price breaks above 6431, the odds favor more downside. That bear flag in your chart could be deadly to Bitcoin when the price falls off.