FUNTRADER-Vera
Short

0509 BTCUSD is possible to test 7k again ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello traders,


BTCUSD has made a bearish evening star on weekly chart WHICH COULD BE D POSITION FOR A CYPHER .
But it might be support again by average band first.
Or if it broke down the average band, it might retrace back to test it.
Then will be a good chance to sell again TO 7K.


Good luck.
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Comments

We could drop under that. But those odds are not high. 7K seems realistic. BUT you also need to consider other factors. Each time MACD crossed on the weekly with big swings.. it had a major crash. Also lock downs can cause mass panics again. thus going under 7k is possible. World FA will always dominate TA or any support lines. they mean nothing on the short term during these times. I use FA & TA. But hey I'm more of a market cycle trader. so I'm still waiting for -30 to -40%. once we reach that I will re look into my analysis. I have orders in place in case of a flash crash under 7k.
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Good job
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Good job
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FUNTRADER-Vera Aspergilous
@Aspergilous, thank you very much.
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I agree. But 9200
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@SEYED98, 9200 is possible as our target too.
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nice chart!
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@PolarHusk, thx.
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WARNING Bitcoin Can CRASH To $6k
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