GBBBKSA
Short

Looks like my initial prediction will come true. BTC to 6k/7k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I haven't had a lot of predictions/technical analysis done but in the ones I have done, I've been calling this since Feb. Not claiming to be a pro but glad that my initial analysis is right.

Strong support at 8k but if that breaks through, then we will hit support at 6.8k. That should create a double bottom and we should see a bounce back from there. That should hopefully be the end of the bear market as well.

Let me know your thoughts on this.

As always, just my opinion, not advice.
Mar 18
Trade active: Looks like we are getting there folks. The G20 summit is clearly having an impact on the price of bitcoin. It is coinciding with the price action.

By God's grace the price will hit $6/$6.8k mark creating a double bottom which will coincide with good news from the G20 summit that will end the correction and get us back into higher highs and higher lows.

This is just my opinion based on what I see. Please do not trade on this.
Mar 18
Trade active: RSI on daily is getting to the to the point where will will be oversold in a day or 2. This also looks promising based on the fact that we should see a bounce from $6/$6.8k.

Mar 18
Trade closed manually: BTC dropped to $7.3k but we might not see a double bottom due to the positive news from G20 meeting.

"The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin."

https://www.reuters.com/article/us-g20-r...
I'm a newbie 3 months into this, not trading yet just in learning mode, been following a lot of Traders and this is first time there seems to be serious confusion and indecision across the board. So right now I think this viewpoint is a good as anybody's !
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GBBBKSA jpblakely
@jpblakely, same here, still learning. Like you said, too much confusion. I'm following many traders to learn as well. Learnt a lot more than I knew before from others but end of the day one lesson I've learnt is that no matter what other say it's best to follow the market, news and gain as many ideas as possible but do your own/ trust your own analysis.
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