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kyer
Jan 28, 2020 2:33 AM

BTC|USD - Next Stop 9950 Long

Bitcoin / U.S. dollarBitstamp

Description

Should expect a pullback to the 9010 support before the next leg-up breaking the ATH-14k trendline on our way to 9950.

We'll for sure pullback at 9950 i'm selling there and looking for re-entry. Once we close above 9950 confidently on the daily i'm bulltard on bitcoin.

Price action has been crazy these past few weeks, can't wait to see what this next month brings. That $8649 level is a monthly support level and got broken through with ease.

As always please do your own research, I am not a financial advisor.
Comments
Gaengphed
Thanks again for your analysis! Going to follow you on this. Will sell XRP/IOT/TRX at the moment BTC touches 9950. If it pulls back, do you have an estimation where it is going to land? Have a great day!
kyer
@Gaengphed I wouldnt sell Bitcoin right away, especially altcoins. I’ll keep you more updated to let you know if the move to 9950 is natural or simulated by the increase in volume
kyer
@Gaengphed A scenerio that I see happening would be BTC to $9950, pullback while alts fly then everyone throws their money into btc b/c of halving and it flies
Gaengphed
@kyer, 'lucky me'...I only own alts ;-) Thanks for the notification(s) !
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