Bitcoin: 6000 Will Be Reached but Uptrend After That

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The market stays bearish , boring, and all the previous ideas are still workable. I wrote about the bullish plan, and I wrote about the terms for the bearish plan. These posts you can find in the related ideas, and I advise you to refresh your knowledge.

The price stays at 8000.00 key level. The market could not develop the upward movement and bounce from SMA with 200 period. The market also did not drop below swing lows. Without it, we don't have confirmation for the further downward movement. The market keeps the sideway movement, and it is rather weird. We got bearish fundamental news from Libra, TON, Bakkt, but the market did not follow them. Can we consider it as the market matched the balance at 8000.00 and we will see the range market conditions during the further months? It is a good question for a new discussion! If you have your opinion, please, share it in the comments.

The price stays in the borders of the descending price channel , and even the market will move upward, for becoming bullish it will need to break the price channel and move above the key resistance levels like 9000.00 and 10 000. Without it, I still think the bottom at 6000.00 key support will be reached. It is just the question of time. After that we should expect a new uptrend, if the fundamental news support the market and buyers. It is my opinion and of course it can be wrong.

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Why is Bitcoin so influential on waves?
Why are the waves all the way down? How far does it go?

Go long?)
Wish you good luck @DLavrov ... Personally I am on the other side to you this time
ridethepig ridethepig
i agree with your opinion and don´t understand why everybody see the next skyrocket only because of this 1hr golden cross... In 4hr and daily chart we´re 1 step away from a dead cross
@maecm, thanks for your opinion! Well, novice traders and "crypto experts", "masters of charts" like to use indicators without understanding how to use them. What are the reasons for the upward movement now?
+1 Reply
we are having simple wyckoff accumulation on this rectangle rangle,i hardly believe it will go below 7k.
Anyone who says we will see 6000 is either lying or stupid. It won’t happen. Bottom was in weeks ago. Don’t be fooled by these scammers trying to get you to short so they can squeeze you
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