BTC USD idea - just a guess - anything could happen

Hello all.

Taking a crack at the king. Very hard to predict as strong fundamental changes can swing the price in any way.

Please use this as a reference - this is not an investment advice.

Please comment if you have any questions.

Comment:

The support could break and we could see 3000. very possible so please trade with care... dont get greedy or have fomo

Comment:

A single tweet or article saying other exchanges are shutting down will take this market far lower...

The RSI and volume indicators are not predictive and are lagging. We can only use them as a reference.

Comment:

Well the lack of buy volume is concerning. Everyone is on the sidelines waiting.

One set of orders going either way could set off a chain reaction. I'd wait for a break out either way before jumping in.

Comment:

News of another exchange closing. Might go down further...

Trade closed: stop reached:

There is news circulating that OKCoin will also close.

This is going to get ugly if true...

BTC hitting 3k as we speak.

Trade closed: target reached:

Following the grey arrow scenario pretty well. Bouncing off of what I thought were minor resistances - red dotted lines.

Comment:

I think btc is at a pivotal point. could go down or up from here. I'd wait for a clear breakout and bullish signal if you are going long.

Comment:

Update to this analysis

seems that we followed the grey arrow scenario here and is onto the red arrow scenario...